General Overview of Theta Network (THETA)

What is Theta Network?

How Does Theta Network Work?

Theta Network (THETA) token

  • Validator nodes (block production) or Guardian nodes (block finalization) can stake THETA tokens and can earn TFUEL (the 2nd token in Theta ecosystem) as a reward.
  • THETA is the governance token of the protocol, so it represents a voting share on protocol decisions, upgrades, and more.

Theta Fuel (TFUEL) token

  • TFUEL is used as the “gas” of the Theta protocol and is used to pay for transactions and smart contract deployment and operations.
  • It is also the currency of micro-transactions for users to pay relayers for videos shared with them.

Key features or Theta Network

A peer-to-peer video delivery system

  • Bandwidth sharing mechanism with token rewards
  • High-quality and smooth video streaming
  • Reduced cost of streaming delivery

A high-speed infrastructure

  • The network should be able to support tens of Validator nodes and hundreds to thousands of Guardian nodes.
  • On-chain TPS could reach at least 500 TPS, supporting 10,000+ TPS for bandwidth sharing reward since its blockchain provides native off-chain transaction support.
  • The average transaction fee could be low, e.g., a minimum of 10–6 TFUEL per transaction.
  • 6-second block period and 6-second average block finalization time.
  • Block size of up to 8,192 transactions per block.

Additional key elements of Theta

Theta Network (THETA) and Theta Fuel (TFUEL) trading on Atomars

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