Theta Network: Theta Edge Node beta v1.0.82 is out, Mainnet 2.0 reaches 1,200+ active Guardian Nodes and about 60% of THETA staked, New partner websites where you can watch THETA.tv streams and earn TFuel

Published in

Paradigm

8 min readJul 15, 2020

Biweekly update vol. 48, 1st July — 15th July

Welcome, crypto community to our July update on Theta Network!
Theta Mainnet 2.0 now has 1,200 Guardian Nodes staked in just the first 5 weeks of staking! (+ the 12 Validators). Credit the Theta community for the great start!
What’s more, Theta Edge Node beta v1.0.82 is now out! Stream IDs are no longer tied to addresses for increased privacy, and you can stream without linking a wallet to streamline user onboarding. Existing Edge Nodes have been updated, and new users can download at the link below.
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. THETA Live Embed is now live with about 20 partner sites! Bkwebdesigns.com/thetatv is the latest website where you can watch THETA.tv streamers and earn TFUEL. 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.
For those who are a little behind of times, the Theta hackathon submission deadline is extended to August 14th! Since the team just added smart contracts to Theta testnet as the hackathon is almost over, they want to provide more time for smart contract projects in the hackathon. Check it out on theta-labs.devpost.com.
Theta’s push toward decentralization continues. See you at the end of the month with more exciting updates!

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 Edge Node beta v1.0.82 is out!

Stream IDs are no longer tied to addresses for increased privacy, and you can stream without linking a wallet to streamline user onboarding. Existing Edge Nodes have been updated, and new users can download here.

Theta Mainnet 2.0 reaches 1,200+ active Guardian Nodes and about 60% of THETA staked

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 a month since Guardian Node staking went live, more than 1,200 Guardian Nodes have begun staking! In all, almost 57% of the CMC circulating supply of THETA is staked,

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:

Guardian Node setup guide

Guardian Node FAQs

Awareness and social encounters

Crypto Bharat Traders are inviting Okex and Theta Network for an AMA to their official Telegram group:

April 22nd — August 14th: Theta hackathon hosted by DevPost

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 15th, 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: 2186

Guardian Nodes: 1252

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.

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.

Bkwebdesigns.com/thetatv is the latest website where you can watch THETA.tv streamers and earn TFUEL!

More partners and adoption on the way.

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 klackle.com BTC Upload and TSports.TV

To learn more about THETA Live Embed or to integrate it into your own site, visit embed.theta.tv.

CZ Binance was streamed on THETA.tv

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