Blockchain

Story: Theta Network (THETA) Will Introduce TFuel Staking and Burning in 3.0

By Dan Saada

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Theta is a decentralized video delivery network, powered by users and an innovative new blockchain.

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Those who have not checked out all the top projects of the Theta Hackathon Q1 2021 will benefit from checking the overview about HARK TV, Minty, Theta Scan and a few other…

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HarkTV is a live streaming platform, which focuses on social good.  It has been integrated with Theta Network and has been built from ground up.

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Minty makes it possible for users to create their own Theta NFTs.  There is no coding experience needed to create an NFT with this Android App.

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ThetaScan has now expanded to support TNT20 tokens, on-Chain Theta metrics and staking data.

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ThetaNext is a Dashboard and Notification system, which provides the details of the Wallet balances, rewards and services payments.

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Theta board is meant to easily install and run a Theta Guardian Node as well as on chain Theta analytics.

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Theta Buddy is used to link your Alexa Device directly to Theta TV streaming network.

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Similarly, there are a range of other apps contributing to the usability in the ecosystem.

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So, Theta Network is about decentralized video streaming powered by users.

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Edge Cast Technology improved the capability of the Theta Edge Node Network.  This technology improved the ability of the network to capture live video, transcode it in real…

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Further, Theta Mainnet 3.0 is estimated to be launched June 30, 2021. Theta tokens are the governance token of the Theta Network.

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The governance system in the 3.0 ecosystem will consist of Validators and Guardians, Elide Edge Nodes.  TFuel staking and burning is set to be introduced.

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The Utility ecosystem is made up of video platforms with streamers and viewers. The TFuel circulation will be permitted for purchase by the utility ecosystem, where they will use…

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TFuel burning mechanism will add a cost for using Theta edge network, namely a “network fee” as a balancing force against new TFuel supply.

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