Theta Fuel

Key Technical Advantages:

Multi-Level BFT (Byzantine Fault Tolerance): This is a consensus mechanism Theta uses to allow thousands of nodes to participate in the consensus process while maintaining high transaction throughput (1,000+ TPS). The system is divided into a validator committee, which creates a block chain as quickly as possible, and a larger group of guardian nodes, which finalize the chain at regular intervals. This provides multiple levels of security, and maintains balance among transaction throughput, consistency, and level of decentralization. Aggregated Signature Gossip Scheme: This scheme is used to reduce the communication overhead between the nodes. Each guardian node combines the partially aggregated signatures from all its neighbors and then gossips out the aggregated signature. This allows the signature share of each node to reach other nodes at an exponential rate, reducing the size of node-to-node messages and further reducing the communication overhead. Resource Oriented Micropayment Pool: This is an off-chain payment system specially designed for video streaming. It allows a user to create an off-chain micropayment pool from which any other user can withdraw using off-chain transactions. It's designed to be resistant to double-spending and offers more flexibility than other off-chain payment channels. Use of Tokens: The Theta blockchain uses tokens as incentives to encourage users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams. This not only improves the quality of stream delivery but also allows video platforms to deepen viewer engagement, drive incremental revenues, and differentiate their content and viewing experience. Integration and Launch: The Theta Network initially launched with ERC20-compliant tokens on the SLIVER.tv platform in December 2017. The mainnet implementation of the Theta blockchain launched on March 15, 2019, at which time each ERC20 Theta token was exchanged 1:1 for native Theta tokens. This indicates the Theta Network's commitment to interoperability and compliance with existing blockchain standards. Content summarized by AI chatbot

Source:

https://s3.us-east-2.amazonaws.com/assets.thetatoken.org/Theta-white-paper-latest.pdf?v=1553657855.509