Theta Network is one of the leading video delivery network powered by blockchain technology. Theta is a specially crafted and engineered blockchain from the ground up for data and video transmission.
The Theta network offers benefits for both video platforms and allows users to be rewarded for:
⦁ Run a Guardian node and stake out Theta.
⦁ Run Theta Edge node to stream video over Theta network - Uses unused bandwidth to help stream video streams from sites like Theta.tv to other nearby users.
⦁ Watch Theta.tv broadcasts like esports, World Poker Tour and broadcasts to other nearby users.
2) Tokens are used on the network :
⦁ Theta Token (THETA): the participation and governance token of the Theta protocol. THETA is used to stake as a Validator or Guardian node, helping to block the production and governance of the Theta Network protocol. By betting and executing a node, users will get a proportional amount of the new TFUEL generated. THETA's supply is set at 1 billion and will never increase.
⦁ Theta Fuel (TFUEL): The operational token or "gas" of the Theta protocol. TFUEL is used for on-chain operations, such as payments to share a video stream or to interact with smart contracts. Relayers earn TFUEL for every video stream they broadcast to other users on the network.