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.
We are pleased to announce the Guardian Node v3.0.2 release for Theta Mainnet 3.0. This release will perform a hardfork at blockheight 10968061 (approximately 12pm Wednesday June 30, 2021 PT). See here for details on this required node upgrade:https://t.co/UbVpzzxlUn pic.twitter.com/SBXqtmvjP7— Theta Network (@Theta_Network) June 24, 2021
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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