Learn about “Theta Fuel”, the cryptocurrency that grabs the world’s attention
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Answer Learn about “Theta Fuel”, the cryptocurrency that grabs the world’s attention
Recently, the “Theta Fuel” coin, which bears the symbol “TFUEL”, has emerged and attracted the attention of the crypto community towards it thanks to its rocket rise and the explosion of its chart with a rise of 630% in a short period of time.
The TFUEL/USD traded pair was valued at $0.0026 on May 20, only 5 days later the currency rose to around $0.019, and the currency is now stable at the time of writing this article at $0.014.
What is the currency of “Theta Fuel”?
For those who ask about the purpose of the coin and what it is, it can be briefly defined and said that the “TFUEL” coin is used to run transactions and micro-operations on its own blockchain designed to share the video bandwidth of the main project Theta.
Read:Ledger faces lawsuit over data breaches
TFUEL can also be described as the operational code for the Theta protocol, where individuals use TFUEL to complete transactions such as interacting with or publishing smart contracts.
TFUEL coin is currently ranked 93 by total market capitalization on coinmarketcap With a total market value of about $57 million.
“TFUEL” currency trading platforms:
TFUEL can be purchased indirectly on most of the popular cryptocurrency exchanges like Binance and Coinbase, by owning Ethereum and Bitcoin and then trading them with the currency.
The Theta project recently clarified that the project’s network upgrade to version 2.0 has been completed, with the project management indicating that the network has improved significantly.
Theta’s statement was as follows:
Community-managed nodes will now take a direct role in producing the blocks, finalizing the blocks at regular intervals of 100 blocks, and the second layer forming the defense of the validation nodes produced in each block.
With Guardian Nodes joining the network and staking, no single group or entity will control the majority of outstanding THETA, marking a milestone towards decentralization of Theta.
Read:Binance launches its new network and bets on decentralized finance (DeFi)
We previously mentioned on the Arab Bitcoin website about the partnership between Theta Project and Samsung to integrate Theta video streaming services on Samsung devices:
THETA Project launches its new product on 75 million Samsung TVs
It seems that Theta coin also rose successively after the rise of “TFUEL”, as it is estimated at the time of writing this article at $0.48, an increase of 11%.
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