Theta Network: Mainnet 2.0 reaches 1,000+ active Guardian Nodes and >55% of THETA staked, MGM Studios classic streamed free on THETA.tv, CTO Jieyi Long at the Web 3.0 Tech Talk, Two new partner websites where you can watch THETA.tv streams and earn TFUEL
Biweekly update vol. 47, 17th June — 1st July
Greetings, Theta community, these two weeks made a lot of great news to you!
Theta Network has achieved 1,000+ nodes and more than 55% of circulating THETA staked! Only three weeks after staking launched on Theta Mainnet 2.0, the Theta community has exceeded expectations by creating a more decentralized Theta Network. More highlights on this to come!
A few weeks ago, the Theta team announced the launch of THETA Live Embed, a new turnkey product that allows 24/7 THETA.tv Esports live streaming content to be added to almost any website, blog, or social media platform with minimal technical effort. Currently, THETA Live Embed is live with more than 15 partner sites! Plus two more websites where you can watch THETA.tv streamers and earn TFuel were announced this week — BTC Upload and TSports.TV! And more THETA Live Embed partners coming soon with their streamlined new integration process. It’s all part of the strategy to get Theta tech in the hands of as many partners as possible, getting users earning TFUEL, and showing the value Theta Network can bring to all stakeholders in video streaming.
As you know, THETA.tv has finalized a commercial licensing agreement with MGM Studios for rights to stream classic movies from MGM’s venerable film library throughout the summer of 2020. MGM becomes the first major Hollywood studio to stream its content to THETA.tv, making this collaboration a strategic step forward in bringing blockchain adoption to mainstream users. For the first time, the traditional Hollywood media and entertainment business joins forces with the cutting edge blockchain industry! First MGM Studios / THETA.tv Movie Night weekend came on June 26th-27th with cult classics like Return of the Living Dead, The Abominable Dr. Phibes, and more! Tune in for MGM classics and earn TFuel tokens for sharing the stream over the Theta Network.
See you in two weeks with more exciting updates! Stay in the loop!
Development
GitHub metrics:
THETA has public repositories and private repositories. Overall, the Project has frequent commits to the collection of repositories.
Developer activity (from Coinlib.io):
Theta Mainnet 2.0 reaches 1,000+ active Guardian Nodes and >55% of THETA staked, just 3 weeks after launch!
Theta Mainnet 2.0 launch has been a huge success, with the codebase forking to 2.0 code without a hitch, and widespread coverage of the launch partnership with Google Cloud. But what’s most important for the long-term is the launch of mainnet Guardian Node staking, which brings in the Theta community to create a truly decentralized Theta Network. This has totally exceeded the expectations and in just three weeks since Guardian Node staking went live, more than 1,000 Guardian Nodes have begun staking! In all, more than 55% of the CMC circulating supply of THETA is staked. According to Staking Rewards, that would put Theta in the top quartile for staking % of all Proof of Stake protocols — not bad for the first days of staking!
Guardian Nodes are widely-distributed worldwide, as seen on GuardianMonitor, a community-run site tracking Guardian Nodes on Theta:
What’s the point? Theta decentralized consensus
Why do all these nodes matter? Theta Mainnet 2.0 introduced Theta’s novel Multi-BFT Consensus. Community-run Guardian Nodes now take a direct role in block production, finalizing blocks at regular 100 block intervals and making up a second layer of defense after the Validator Nodes that produce each block. With Guardian Nodes joining the network and staking, now no single group or entity controls the majority of THETA staked, marking a significant milestone toward Theta’s decentralization.
Theta Mainnet 2.0 code is open-source and can be found on the Theta GitHub.
Guardian Nodes will join the existing Enterprise Validator Nodes running on Theta Mainnet 2.0, run by Google, Blockchain Ventures, gumi Cryptos, Binance.
Guardian Nodes’ future importance
Guardian Nodes and their staked tokens become even more important to the Theta protocol later, when protocol governance votes are introduced. As Theta continues to develop and focus on decentralization as a core goal for 2020, Guardian Nodes will have a say in governance of the protocol itself, voting on whether to approve code upgrades, design changes, and the way nodes operate and earn rewards. The team trusts that the Theta community will continue to take a greater role in the development of Theta Network, and will make the right decisions to ensure Theta becomes the leading blockchain protocol for video and data delivery.
How to get started running a Guardian Node
Want to join the Theta Network and run your own Guardian Node? Here’s how you can get started:
Minimum requirements:
Minimum stake: 10,000 THETA tokens
Internet speed: 5Mbps+ up and down
CPU: 4 cores or more
Memory: 8 GBytes or more
Awareness and social encounters
June 18th-19th: BlockDown 2020 — the Premier 3D Virtual World Blockchain event of 2020.
June 30th: Theta CTO Jieyi Long was speaking at the Web 3.0 Tech Talk
April 22nd — August 14th: Theta hackathon hosted by DevPost
One of the silver linings of pushing Mainnet 2.0 launch to May is that it gives Theta community time to get involved in building tools and applications for the Theta ecosystem. The team has enlisted DevPost, the leading hackathon community (they are currently running hackathons for Facebook, Samsung, and EOS among many other top names), to host the 1st Theta Network virtual hackathon began in early April.
The hackathon will run for till August 14th and feature project feedback from Theta team, as well as other marquee advisors and supporters of the Theta Network. Additionally, Theta Labs is setting aside a hackathon prize pool of $25,000 in tokens, 100% of which will be awarded to the top 3 community projects at the end of the hackathon. The team has got a few ideas of Theta blockchain tools and apps they’ll propose, but want to also give the Theta community the flexibility to build the projects they want to.
Finance
Live Network Statistics: July 1st, 2020
You can now see the distribution of Pre-Guardian Nodes, Edge Cachers, and Enterprise Validator Nodes in real-time at thetatoken.org! Scroll down to “Live Network Stats”, which will update each time you refresh the page.
Edge Cachers: 2653
Guardian Nodes: 1057
Enterprise Validator Nodes: 12
Information from Theta explorer:
For information on Theta Guardian Nodes and how to join, see the announcement blog.
A step by step video on how to install the PGN/UEC.
Latest PGN client download link for Windows only.
If you want to become a Guardian node click here.
Theta markets
Information from Coinlib.io:
Network
Theta.tv, formerly known as Sliver.tv, is an e-sports live streaming site that has already implemented the Theta Network and are now able to offload ~50%+ CDN costs on an ongoing basis. TFuel has been integrated into the site platform and is earned by viewers streaming content to peers, can be donated to streamers, or used to purchase goods in the Theta.tv store.
MGM Studios brings Hollywood classics to THETA.tv powered by Theta Network:
THETA.tv, the next-generation esports video platform powered by Theta blockchain, has finalized a commercial licensing agreement with MGM Studios for rights to stream classic movies from MGM’s venerable film library throughout the summer of 2020. One of the world’s oldest film studios, MGM made history with the launch of talking pictures in 1928–1929 and has created a century’s worth of beloved classics,including The Wizard of Oz, Gone with the Wind and the iconic James Bond franchise. In 1979, it spun off MGM Las Vegas Resorts International, now a global leader in entertainment and gaming. MGM becomes the first major Hollywood studio to stream their content to THETA.tv, making this collaboration a strategic step forward in bringing blockchain adoption to mainstream users. For the first time, the traditional Hollywood media & entertainment business joins forces with the cutting edge blockchain industry.
This partnership enables THETA.tv users throughout North America to ‘stay-at-home’ this June and July and enjoy a series of ‘MGM Movie Night’ events featuring legendary MGM titles, including The Return of the Living Dead, Invasion of the Body Snatchers, The Amityville Horror, and more classics. As always, these MGM movies on THETA.tv are powered by Theta’s innovative blockchain, which lets users earn TFUEL rewards for sharing their video stream with others in the network, peer-to-peer, decentralized.
This is Theta’s first content deal with a major Hollywood studio as it continues to enrich its content offering beyond esports into genres including live poker (World Poker Tour), breathtaking live events (NASA / first SpaceX launch), and live streamed virtual conferences (such as Consensus by CoinDesk, Crypto Asia Summit and Virtual Blockchain Week), and more to come down the road. Now there are even more ways for Theta users to enjoy great content and earn Theta TFUEL rewards in partnership with MGM on THETA.tv!
- Return of the Living Dead was streamed on Friday 6/26 4pm & 6pm PST
- The Abominable Dr. Phibes was streamed on Saturday 6/27 4pm & 6pm PST
Theta Live Embed
Theta Live Embed is a new turnkey product that allows 24/7 Theta.tv e-sports live streaming content to be added to almost any website, blog, or social media platform with minimal technical effort. Developers need only add a few lines of JavaScript to their site. Theta developers made their product seamlessly integrate with any site’s infrastructure. Popular games like Fortnite, League of Legends, and CS:GO streamed through Theta Live Embed are fully integrated with the Theta Network blockchain.
Theta.tv is now embedded on BTC Upload and TSports.TV:
You can see THETA Live Embed in action on each site here: G FUEL Sizzle Popcorn Sweeps God Mode Unlocked EasternMediaGG Cruz Ctrl Zetetic News Network Alt Customs JSCO Artesian Builds zetetic.news jscohub.com and klackle.com
To learn more about THETA Live Embed or to integrate it into your own site, visit embed.theta.tv.
Theta Network x NASA
The Theta Network team is working with the NASA teams to bring you a livestreams of ROCKET LAUNCHES !Watch Rocket Launches. Earn TFUEL. To the Moon!
Roadmap
Theta Roadmap:
Q2 2020
- Beta launch of decentralized data storage
- Beta launch of decentralized file delivery of any content type, such as game patches, applications, OS updates
- Beta launch of Theta protocol adapted to Smart TVs and IoT devices
H2 2020
- Release of generalized Turing-complete smart contract support
- Beta launch of decentralized encoding protocol
- Production release of the end-to-end Universal Edge Cacher
THETA.tv Roadmap:
MISC
Social media metrics
Social media activity:
Social media dynamics:
Theta community continues to grow. However, there is a slight fluctuation in the number of subscribers of Theta social media channels these weeks.
Official Telegram group — Discussions on development, possible partnerships, etc.
Official Chinese Telegram group and Official Korean Telegram group.
See also Telegram Theta trader, the channel for price and trade-related discussion.
Follow Theta on Facebook.
Check out the Theta Twitter page.
Join the discussion on Bitcointalk.org — since November 23rd, 2017.
About Theta
This is not financial advice.
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