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Laura Baiardi · Theta Fuel rises
Theta Network was created to leverage blockchain technology to create the first Video Streaming and distribution network, where viewers are encouraged to share videos, IT resources and Redundant bandwidth to address today's challenges of streaming video.
What is THETA network
Using the metaphor of the Ethereum EVM and the “World Computer “, the Theta network can be seen as the “World Cache” formed by the memory and bandwidth resources provided by viewers.
In particular, viewers around the world can contribute with their devices and become “cache nodes”, forming a mesh network of video delivery.
Thanks to the Theta network viewers and devices are geographically much closer to each other than the POP CDN, thus lowering latency and interruptions due to flow managed by the centers of web traffic.
To encourage viewers to contribute their IT and bandwidth resources, Theta introduces the Theta token, as an incentive mechanism and reward.
A dual currency system and token mechanics
In the interests of security, the installation of adequate governance and managing the use of the network, the Theta blockchain will use a dual currency system. The Theta token will be used to stake, secure and govern the Theta network, while individual transactions (video segment transactions, smart contract operations) will be paid with Token operating system, TFUEL.
Theta Token (THETA): Theta protocol governance token. THETA is used to stake as a Validator or Guardian node, helping to block the production and governance of the Theta network protocol. By tapping and running a node, users will gain a proportional amount of the new TFUEL generated. THETA's offer is set at 1 billion and will never increase.
Theta Fuel (TFUEL): the operational token of the Theta protocol. TFUEL enhances on-chain operations such as relay payments for sharing a video stream or for distributing or interacting with smart contracts. Relays earn TFUEL for every video stream they transmit to other users over the network. You can think of Theta Fuel as the “gas” of the protocol. At the launch of Mainnet on March 15, TFUEL was created as a native token on the Theta blockchain.
The World Series of Poker in NFT
The news is the announcement, by Theta Drop (which is directly linked to the main project)the arrival of the NFT of the World Poker Tour. One of the most important franchises in the poker world will arrive on the Theta network with:
100 NFT for Legendary Moments
They will depict the most salient moments in the long history of the World Poker Tour. They will be issued in 100 copies and will be forged, at least as reported by TheTadrop, only once.
250 NFT for each Rare moments
Again we are in front of a limited edition. The events that will be represented by these NFTS will be less significant, but still historical for poker fans.
1,400 NFT for those that will be called Common Moments
On which very little is known and that they will have, given the greater circulation, a definitely lower price. As for this specific category, we are ahead of NFT tokens that can be forged again in the future, for a much less exclusive dissemination policy than the first two categories.
