Theta Fuel (TFUEL) is the native cryptocurrency of the Theta Network, a decentralized video delivery platform ¹ ² ³ ⁴ ⁵. It's used to power transactions and operations on the network, like sharing video streams or interacting with smart contracts ¹ ² ⁴ ⁵. Here are some key points about TFUEL:$TFUEL
- *Price*: The current price of TFUEL is around $0.0629 per coin ³.
- *Market Cap*: The total market capitalization of TFUEL is approximately $413 million ¹ ² ³.
- *Circulating Supply*: There are around 6.7 billion TFUEL coins in circulation ¹ ² ³.
- *Use Cases*: TFUEL is used to incentivize network participants to contribute resources like bandwidth, storage, and computing power ¹ ² ⁴ ⁵.
- *Consensus Mechanism*: The Theta Network uses a proof-of-stake (PoS) consensus mechanism to validate transactions and create new blocks ⁵.