Theta Edge Node v3.0.2 Prepares for Mainnet 3.0 Launch

Theta Edge Node v3.0.2 Prepares for Mainnet 3.0 Launch

The Theta Network officially announces the release of Mainnet 3.0 node to enable Theta 3.0 features. The launch will perform on 12pm Wednesday June 30, 2021 PT.

Accordingly, it is mandatory for the users to update their node to sync after the hardfork height. The updates for the theta edge node and theta wallet will be prepared for Mainnet launch on June 30. 

Theta Mainnet 3.0 Launch

The launch of Theta Mainnet 3.0 introduces TFuel Staking & Uptime Mining for the users. The key protocol for releasing Theta Mainnet is very beneficial. Firstly, the Elite Edge Nodes will burn at least 25% of each TFUEL payment to the network. Secondly, the network transaction fees and smart contract fees are also burned. To be noted, the current  fees on Theta network is near zero. 

Moreover, the Theta (THETA) is an innovative blockchain network built for video streaming purposes. The decentralized platform enables the users to share bandwidth and computing resources on a peer-to-peer basis. 

Besides, Theta features its own native cryptocurrency token, THETA. It serves as an enterprise validator node for Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung. 

According to CoinMarketCap, the current market price of THETA  is $6.91 USD. The coin ranks 17th position in the market. Additionally, the live Theta Fuel price today is $0.458507 USD. More so, crypto analyst predicts, THETA can bounce higher over the coming days if BTC price range remains the same. 

Recently, THETA community announced an update regarding  the release of Mainnet 3.0 on June 30. The update shares the beneficial sources of the Mainnet 3.0 features. Therefore, Theta blockchain is more robust and protective against attackers as it continues to become more decentralized.

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