Theta Network
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Theta Network

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 our expectations and in just 20 days since Guardian Node staking went live, more than 1,000 Guardian Nodes have begun staking! In all, almost 55% of the CMC circulating supply of THETA is staked, totaling 478m+ THETA. 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 20 days of staking!

Guardian Nodes are widely-distributed worldwide, as seen on GuardianMonitor, a community-run site tracking Guardian Nodes on Theta:

Source: GuardianMonitor

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. We trust 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

Minimum requirements:

Minimum stake: 10,000 THETA tokens
Internet speed: 5Mbps+ up and down
CPU: 4 cores or more
Memory: 8 GBytes or more

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Theta Labs

Theta Labs

Creators of the Theta Network and THETA.tv — see www.ThetaLabs.org for more info!

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