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How to buy Theta Fuel (TFUEL) • Benzinga Crypto

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Want to jump straight to the answer? You can buy TFUEL on Crypto.com.

As people allocate more resources to digital development and social media platforms, a crucial issue is often overlooked: How can video streaming evolve with increasing user numbers?

The Theta blockchain seeks to solve this problem by putting an end to the poor infrastructure for video streaming and video broadcasting. Theta mainnet operates as a decentralized network, which means that users share bandwidth and computing resources on a peer-to-peer basis. Theta offers many benefits: viewers are rewarded with better streaming service, content creators can improve their income, and video platforms save money on infrastructure construction as well as advertising licenses. This aspect of peer-to-peer distribution is beneficial for all users, not just the platform itself.

What is TFUEL?

Theta is a Layer 1 blockchain network designed for video streaming. TFUEL is one of the 2 native tokens of the Theta blockchain that serves as a utility token in the decentralized delivery of video and data. TFUEL is used to power all operations on the Theta blockchain, be it payments, video streaming, or smart contract deployment.

Theta currently relies on the Proof of Stake algorithm, as well as the use of Byzantine Fault Tolerance (BFT), which is a consensus mechanism that achieves much higher security. With the launch of the mainnet, Theta introduced something called Guardian nodes. These nodes ensure that no single entity controls the majority of tokens put into play, further improving the network’s transaction throughput.

Brief history of TFUEL

TFUEL was launched with the entire Theta ecosystem in 2019, co-founded by Mitch Liu and Jieyi Long. Since launching on the Mainnet, Theta has onboarded a generous number of corporate investors, including Samsung NEXT (OTCMKTS: SSNLF), Sony (NYSE: SONY) and Sierra Ventures. TFUEL reached an all-time high of $ 0.75 on June 9, 2021. TFUEL’s current market capitalization is $ 1.5 billion.

How to buy TFUEL Crypto

You can buy TFUEL on Crypto.com. A digital asset exchange like Crypto.com is a great choice for people who want to start buying cryptocurrency. Be sure to do your own research before purchasing any cryptocurrency due to its volatility.

  1. Open an account online.

    The first step in purchasing your TFUEL would be to open an account with an exchange like Crypto.com. Before you start trading, you will need to verify your identity. This process involves providing your legal first and last name, taking a photo of the government ID you wish to use, and sending it. Finally, users send a photo of themselves to match the previously sent ID.

  2. Buy a crypto wallet (optional).

    When thinking about how to store your cryptocurrency, you can choose from 2 paths: software wallets and hardware wallets. A software wallet is an application on your computer or mobile device; A hardware wallet is a special type of wallet that stores the user’s private keys in a secure hardware device. This method keeps your private key information on your computer and on the external device.

  3. Make your purchase.

    Once you’ve created your account, you associate a fundraising method to transfer money to your account. The most common methods are debit or credit cards as well as direct bank transfers. Once you’ve linked a payment method, you’ll buy Tether, which is a stable coin that reflects the value of the USD. Once you have purchased Tether, you can exchange that Tether for TFUEL.

Best crypto wallets for TFUEL