Theta Fuel (TFUEL) is the operational token that powers the Theta Network, a blockchain focused on video streaming and delivery. Here's a breakdown of its functions:
Utility token: Used for various purposes within the Theta ecosystem, including payments to relayers (users who share their bandwidth to help distribute video streams) and interacting with smart contracts on the Theta blockchain.
Gas token: Similar to gas in Ethereum, TFUEL is required to pay for transactions on the Theta network, such as deploying or interacting with smart contracts.
In simpler terms, TFUEL acts like the fuel that keeps the Theta Network running smoothly. Users spend TFUEL to interact with the network, and relayers earn TFUEL for contributing bandwidth.
