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What is Theta Network?
Theta Network (THETA) is a blockchain-powered network designed to improve video streaming experiences. It leverages a decentralized infrastructure to provide efficient video delivery and content distribution.
Key Features of Theta Network
- Decentralized Video Delivery: Theta utilizes a peer-to-peer (P2P) network of edge nodes to share video streaming resources, reducing reliance on centralized content delivery networks (CDNs).
- THETA Token Utility: THETA tokens incentivize users to share their bandwidth and computing resources for video relaying and caching within the network.
- TFUEL Token (For Transactions): Theta Fuel (TFUEL) is the operational token used for on-chain transactions within the Theta ecosystem.
Uses of THETA Token
- Staking Rewards: Users can stake THETA tokens to earn rewards and contribute to network security.
- Governance (Future): THETA holders may have the right to participate in future on-chain governance proposals (not fully implemented yet).