Simulates guardian node earnings. Theta Network Mainnet 2.0 is launching soon. Part I will focus on general security best practices. For example, the smart contract support has made it possible for Theta to launch ThetaSwap v1, the very first decentralized exchange (DEX) for the Theta network. There are only a few other exchanges listing TFUEL and the volumes being exchanged are negligible. The team has also been looking into ways to integrate the Theta platform into smart TVs, which would theoretically give Theta hundreds of millions of new users. Here, the “quality” refers to a node’s varying capacity to perform its tasks related to video delivery and streaming. The Edge Catcher is an upgrade to the existing Theta Pre-Guardian Node that launched in April.. Theta Edge Cacher v1 beta released! A new Guardian Node app for will be released, and Guardian Node staking will be enabled on Theta mainnet on or before June 3. The network adoption of Theta looks to be growing if the graph of theta staked and the statistics on guardian nodes and the all-important prices of the theta token (link, link) and of the theta fuel token (link, link) are anything to go by. Those wishing to run a Guardian Node must have a computer or server with minimum technical specifications, and must stake 1,000 THETA tokens. In December 2020 Theta added support for Turing-complete smart contracts, opening up a whole new realm of potential use cases and dApp feature sets. Following that intial launch, v 2.0 of the mainnet went live in May 2020. It also helps the network achieve a higher transaction throughput of up to 1000+ TPS. Future upgrades could see fully digitized item ownership, innovative payment-consumption models, transparent royalty distributions, trustless crowdfunding mechanisms, and much more. Download. Guardian Node operators can stake Theta tokens to assist with the two-layer consensus model and earn TFUEL as a … Guardian nodes are designed to finalize blocks in the Theta multi-BFT consensus protocol. The distribution and collection of rewards on the platform is handled by Smart Streaming Contracts, which are a specific type of smart contracts on the Theta Token blockchain. One use case for the Resource Oriented Micropayment Pool is to allow for payments to multiple caching nodes without using on-chain transactions. We’ll share more on that when the news goes public.). Guardian Nodes finalize blocks in Theta’s Multi-BFT consensus protocol, and are meant to be run by members of the Theta community. Typically blockchain projects don’t see much activity from Facebook, but the Theta Network’s Facebook page has over 62,000 followers. The current CoinMarketCap ranking is #27, with a market cap of $2,908,150,181 USD. ⦁ Watching Theta.tv streams like e-sports, World Poker Tour…and relaying the streams to other users nearby. Gene Pao, Shout! Theta Network has nearly 83,000 Twitter followers. As always, please join us in the Theta Telegram channel with any feedback or additional questions. With Theta as the infrastructure users of 5G, smart TVs, mobile devices, and future connected devices will have a means to efficiently transfer video and data without the need for a centralized entity controlling the ecosystem. These Guardian Nodes are meant to be run by members of the Theta community, and are rewarded with TFUEL. In The News. Not only that, but in September 2020 Theta Labs received the first ever decentralized streaming patent covering “Methods and Systems for a Decentralized Data Streaming and Delivery Network.”, In this blockchain network users are incentivized to share their unused memory and bandwidth to improve the overall network. The creation of a decentralized exchange was seen as necessary for Theta, given the new tokens being created on the blockchain. TFUEL staking and burning. Rather than holding a public ICO, the Theta Token team held a private sale in which $12 million was raised. There are a number of use cases for Smart Streaming Contracts, including: The Smart Streaming Contracts were designed to be executed by validators, which means the original person or entity who funds the contract doesn’t need to be involved with distributions or validations. a decentralized video streaming platform.By running an Enterprise Validator Node, Binance joins other global enterprises such as Blockchain Ventures and gumi Cryptos in securing the Theta blockchain and is participating directly in Theta block production. "Edge node stopped working??" At that time Theta introduced Guardian nodes, a revolutionary, two layer consensus mechanism to complement Enterprise validators run by a premiere set of global partners including Google, Samsung, Binance, Blockchain.com, and Gumi. With Theta every user and device on the network will be able to benefit from the storage, transmission, and delivery of video and other data streams. This doesn’t only include new, decentralized platforms. One year ago Theta introduced Guardian nodes to that infrastructure, as well as adding Enterprise validator nodes run by premier global partners such as Google, Samsung, Binance, Blockchain.com, and Gumi. The height of a node in a tree is the length of the longest path from that node downward to a leaf, counting both the start and end vertices of the path. They have been designed to be resistant to double spending and also offer more flexibility than other off-chain solutions. ThetaSwap is the first fully decentralized exchange on the Theta blockchain. Relayers earn TFUEL for every video stream they relay to other users on the network. Another change introduced was the reduction of the Guardian Node staking threshold from 10,000 THETA to 1,000 THETA. Theta MainNet 2.0 have introduced Guardian Nodes, which is a revolutionary two layer consensus mechanism which is optimized for video delivery. If I watch live streams through the edge node am I supporting peers and earning tfuel or am I best to stick to theta.tv and use 'earned' tfuel to support the community of streamers, which I will continue to do anyway on another device. The Theta native wallet was released just days before the mainnet was launched. messaging complexity. They have developed a Resource Oriented Micropayment Pool to solve scalability issues. ALERT: On October 15, 2020 YouTube terminated BOTH SGT Report YouTube channels without warning or cause. Staking THETA in Guardian Nodes or running the Edge Node In addition, they plan on utilizing bandwidth and storage from users to reduce the cost of video streaming while also improving the quality. Factory’s SVP Digital Enterprises. One other key partnership is with the startup accelerator Play Labs. Plus they have a very good start compared with some other similar projects. 12 Validator Nodes, 395 Guardian Nodes, and 1726 Edge Cacher Nodes. The upper limit is to ensure the most optimal level of decentralization. Can I please ask someone to send me a small amount of TFUEL (0.009) so I can start , really appreciate it! Easy, right? These changes and more can be studied in greater detail in the Theta Mainnet 3.0 whitepaper. by paulthepaperbear in Uncategorized There is a second type of Theta Node that is open to the public in addition to the Guardian Node (GN). Theta Explorer allows you to explore and search the Theta blockchain for blocks, transactions, addresses, stakes and other activities taking place on Theta Node.js is an open-source, cross-platform, back-end JavaScript runtime environment that runs on the Chrome V8 engine and executes JavaScript code outside a web browser.Node.js lets developers use JavaScript to write command line tools and for server-side scripting—running scripts server-side to produce dynamic web page content before the page is sent to the user's web browser. This burning mechanism is being added as a balancing force against the additional supply that will come from the TFUEL inflation mechanism. Your uptime running the onboarding client (how consistently your computer is online) is critical; the consensus protocol requires nodes maintain consistent contact with the network. In this Theta Token review, we will take an in-depth look at the project including the team, technology, unique selling points and prospects for the THETA token. The height of a nonempty tree is the height of its root. The Theta Token team is led by CEO and co-founder Mitch Liu, who was also co-founder of the video streaming site SLIVER.tv as well as Gameview Studios and Tapjoy. The lower limit is necessary to prevent sybil attacks, will be explained later. Staking Theta https://medium.com/theta-network/theta-edge-node-released-7a63557f9612 late 2018) these ERC-20 tokens were exchanged for native tokens at a 1:1 ratio. Once the network moves to version 3.0 in the spring of 2021 Theta will add a new mechanism for staking and burning TFUEL. More recently it has formed partnerships with SamsungVR and with Littlstar, a media platform that gives Theta access to 100+ million Playstaion platforms. Basically Elite Edge Nodes will earn rewards based on the amount of TFUEL staked and the total uptime of the node. Is TFUEL worth investing? TFUEL is a cryptocurrency or a form of digital asset.In short. ⦁ Running a Guardian Node and stake Theta. Getting Started Guide. So, node 1 will have a list containing nodes 2 and 3, node 2 will have a list containing node 4, etc. You can help protect yourself from scammers by verifying that the contact is a Microsoft Agent or Microsoft Employee and that the phone number is an official Microsoft global customer service number. The major benefit of using this solution is that it allows for much greater scalability by keeping many micro-transactions off the blockchain. You can delegate your Theta Token against a Guardian Node like GPool or run your own Guardian Node. Image via ThetaToken.org. Voyager (VGX) Review: The Crypto Lending App. Most PoS systems depend on direct communication between the nodes facilitating the verifications. A second co-founder is Jieyi Long, who was also a co-founder at SLIVER.tv as well as holding a PhD in computer engineering from Northwestern University. please refer to the information based on the source that we noted. With the launch of the mainet the Theta Fuel tokens are being used as the reward token of the Theta network. AAVE, the native governance token of the Aave lending protocol, rose by over 50% within the past day. Click to download the Windows version of the Guardian Node and earn TFUEL by staking THETA. But that’s not all. About THETA. This all sounds well and good but how much development output have the team been pushing recently? ... › theta guardian node vs edge node. The largest community following Theta is on Twitter, which you might expect as Twitter followings seem to be highest for blockchain projects. When Theta Mainnet 3.0 is launched there will be a minimum of 25% of each TFUEL payment to the network burned, effectively making it a cost for using the network. CLI: Please click here if you want to run your guardian node through the command line interface. It would be neither healthy for the Theta protocol nor fair to let the largest tokenholders run all the limited nodes, so we propose a way for all participants to prove out their ability to contribute to the network: The Guardian Node onboarding program begins with a downloadable client that verifies the number of Theta Tokens you hold, your hardware specs, and your uptime/consistency running the client. TFUEL appeared on exchanges on March 28, 2019 at an opening price of $0.017001 and it closed nearly unchanged that day at $0.017193. The Theta blockchain network is secured by a Proof-of-Stake consensus mechanism, which is far less demanding computationally, and has a higher transaction throughput when compared with Proof-of-Work protocols. The nodes participating in this model will be rewarded with Theta tokens as an incentive to keep on sharing their bandwidth and draw new nodes to the Theta network. These Guardian Nodes are meant to be run by members of the Theta community, and are rewarded with TFUEL. The course is broken out into 2 parts. The Proof-of-Engagement protocol is necessary to create a reliable measure of video stream engagement and a trustworthy way for viewers and advertisers to measure their video stream engagement. By May 2020 the Guardian nodes were transitioned to mainnet and began helping validator nodes in securing the network, producing blocks, and earning TFUEL for their contributions. Users can use the new app to set up a Guardian Node and stake THETA tokens to it. And from May 2020 until February 2021 the price continued climbing, reaching a new all-time high of $2.56 on February 5, 2021. We believe this mechanism achieves a good balance among transaction throughput, consistency, and level of decentralization, the three corners of the so-called “impossible triangle”. The key take away is parameter matrix encodes graph structure (non zero $\iff$ edge) Multivariant Gaussian The network was created with 5 major groups of stakeholders: Most recently Theta introduced their new Guardian Nodes with the May 2020 launch of version 2.0 of the mainnet. The Content Delivery Networks have created an infrastructure where large datacenters provide streaming services for specific geographic areas. Since the launch of the Theta live streaming platform back in 2016 the project has come a very long way. Both tokens are at or near their all-time highs, and with the launch of version 3.0 of the mainnet, which will add staking of TFUEL, it’s quite possible the rally in these tokens has only begun. It’s a means of providing transparency for advertisers, as well as being a means for users to earn Theta tokens in return for their engagement. One of the best ways to get a sense of this is to look into a project’s GitHub. The Future of Theta. Passive Income With Theta Edge Node. Facilitating the communication between the guardian nodes is a system called an aggregated signature gossip scheme. Theta has some big plans for 2021 and beyond. To that end, our plan is to begin with a Guardian Node pool of 100 nodes, and as we confirm that performance is consistent and satisfactory, that limit will be consistently increased to further diversify the Guardian Node pool. EdgeCast adds fully decentralized video streaming, distribution, and compute . With Theta ledger, signals are sent through the web until it reaches the other guardian nodes. Theta EdgeCast has the ability to do video capture, the transcode it in real-time, and to cache and relay it to users all around the globe. That's how we secure our Node.js backend API. The proportion of TFUEL you earn as a GN depends on how much THETA you have staked relative to the total number of THETA. Just hours after the release of the DEX on February 4, 2021 there were already a number of Theta streamers and community leaders creating their own TNT20 tokens. If nodes are significantly asynchronous, block production could be delayed, or the protocol could become vulnerable to an attack. Stay tuned for the release of the Guardian Node onboarding client later this month so you can start earning TFUEL! Staking to an Edge node upgrades it to an Elite Edge node in the process. THETA EDGE Node Pays Off BIGLY! The core thesis for THETA has always been to build a fully decentralized video infrastructure that could benefit all the involved stakeholders from the platforms to the content creators and down the very end-users. This will enable Uptime Mining and will allow Elite Edge Nodes to earn TFUEL through the staked TFUEL, while also earnings additional TFUEL by providing higher performance for video platforms. Image via Publish0x.com. Earn TFUEL by staking THETA. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. Advertisers rewarding streamers and viewers; Subscriptions to streamers content or to Decentralized Content Networks; Cachers can share rewards with viewers and content streamers. The Theta Token team has forged several crucial partnerships, including one with Twitch that will allow viewers to earn Theta Fuel Tokens (TFUELHETA) by sharing their bandwidth to broadcast streams. As you might guess from the name, this is a protocol that proves viewers have actually watched a live video. In addition to swapping the ERC-20 THETA tokens, users also received an airdrop of the Theta Fuel (TFUEL) tokens. If the model eventually succeeds, the Theta team hopes to see as much as 80% reduction in content delivery costs based on the lack of need to maintain expensive data centers. So, I decided to dive into the Theta Token GitHub. Proses on-board pada node pra-Guardian dimulai pada Maret 2019, dan pada November 2019 Theta mengumumkan bahwa 100 node Guardian pertama telah dipilih untuk dijalankan di testnet Theta. One of the ways to bring this to market includes the ability for end-users and content creators to choose which platform will be the most benefit to them. by u/HHGOBLIN " The Top Altcoins for 2020 (Definitive list!!!) Theta Token is taking the blockchain to video streaming, seeking to decentralize video streaming and video on demand. Theta has almost 11,000 Telegram members, which isn’t a bad showing on that platform. RISK DISCLAIMER: This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading such instruments. Theta Token is taking the blockchain to video streaming, seeking to decentralize video streaming and video on demand. The Guardian Node functionality is currently in development and is expected to launch to the mainnet in Q1 2020. As you can see, the developers have still been busy working on the core protocol. […] The overarching goal of the Theta crypto economics design is to properly incentivize and reward all Theta ecosystem stakeholders, and thus ensure the security and utility value of the Theta network. After Mainnet 2.0 was released in May 2020 the EdgeCast technology was introduced, adding significant enhancements to the Theta network and the video streaming capabilities of the decentralized edge network that’s been developed by Theta. In fact, if we were to look at sites such as CoinCodeCap, it is clear that the Theta Labs code output falls quite far behind. These tokens were also an early part of the SLIVER.tv platform and are used to reward viewers, streamers and those who share their resources (memory/bandwidth) with the Theta Network. For the GN onboarding client, there is no minimum requirement of Theta Tokens to hold. That node type is the Edge Node (EN) Cacher/Player and is downloadable from their website – thetatoken.org. This way the signature share of each node can reach other nodes at an exponential rate, 2 For simplicity, I … Other than these developments, the blockchain also plans to launch the next-generation Theta Mainnet 3.0 in spring 2021 that is expected to introduce several new features. The THETA tokens were launched in December of 2017 and were issued as ERC-20 tokens. ... Theta Labs Edge Node. By requiring a minimum number of tokens to be staked, the cost of an attack becomes much higher. Ideally this can be done at the protocol level prior to GN launch and make the process as unbiased as possible. Additionally, there will be a lower and an upper limit on the amount of TFuel that can be staked to an Elite node. In addition, they are implementing something called Proof-of-Engagement to track the delivery of video segments. Theta Fuel was created to be similar to the “gas” used in the Ethereum network. Theta uses a financial incentive scheme to ensure user participation in governance activities, and hence its network is secured by its own users. That would translate into your node earning about 0.264 TFUEL per 100 block period, or 6,944 TFUEL monthly. Getting Started Guide. Guardian nodes are designed to finalize blocks in the Theta multi-BFT consensus protocol. By scoring well in all those categories, you will earn TFUEL rewards in your Theta wallet just as you will when the actual Guardian Node functionality launches. In fact, networking hardware company Cisco estimates that over two-thirds of today’s internet bandwidth is taken up by video streaming. If I watch live streams through the edge node am I supporting peers and earning tfuel or am I best to stick to theta.tv and use 'earned' tfuel to support the community of streamers, which I will continue to do anyway on another device. This is a fully decentralized solution with no central servers or services. How to run a Theta Edge Node tutorial - Earn Passive Crypto!! SLIVER.tv is a video game streaming service similar to Twitch, and is one of the backbones in the Theta Token infrastructure. To start using the Theta Edge Node, download the app for Windows or Mac. The Theta team expects staking rewards to come out at between 2-4%. With THETA now live on the SLIVER.tv platform and the mainnet working well and nearly ready for version 3.0, the team has been working to expand the partnerships and reach of the Theta Network. This Node.js release is exciting, and after looking at some of the new updates, I'm super excited to try it! Above information might be partly or entirely quoted from exterior websites or sources. This leads to better overall performance for everyone, all across the globe. However, even to reach that expected number will significant require testing and optimization. It is expected that this activity will only increase as the community and ecosystem grows. Welcome to the Cyber Security Bootcamp. The Guardian Node onboarding client will be released no later than end of March 2019. But that’s not all. Any earned Tfuel is deposited directly into the Theta Wallet that you are delegating to every 100 blocks or about 12 mins. Other than these developments, the blockchain also plans to launch the next-generation Theta Mainnet 3.0 in spring 2021 that is expected to introduce several new features. Both cryptocurrencies and CFDs are complex instruments and come with high risk of losing money. Unless the edge node is configured with a DataNode service, blocks of data will not be stored on that node. Source: AAVEUSD on TradingView.com Why is DeFi and Aave rallying? Users that run Guardian Nodes will be rewarded with TFUEL. Image via Theta.tv. EdgeCast comes as part of the Edge Node application, and users can now broadcast streams on EdgeCast or view other users EdgeCast streams, as well as earn TFUEL via the Edge Caching and Edge Compute features. By observing the total commits to their open source repositories, we can get a sense of the raw output. Click to download the windows version of the Edge Node and earn TFUEL by caching popular streams. It also helps the network achieve a higher transaction throughput of up to 1000+ TPS. Earn TFUEL by caching popular streams. It is proportional to Theta amount staked. Conclusion. With the Guardian node, no single entity controls the majority of THETA tokens being staked at any one time. Earn TFUEL by caching popular streams. The Edge Node now encompasses all aspects of decentralized video streaming, distribution, and compute in one streamlined app. Theta Token’s team has come up with a solution to the “last-mile” problem using decentralized blockchain technology. Hardware. For those who are going to acquire enough Theta to stake and run their own Guardian Node here is a great video on how to build your own server for roughly $320.00 Looks like it has some good computing power too to earn on the Edge Compute as well. Image via Twitter.com. What is surprising is the number of Facebook followers the project has. And the new all-time high is occurring during another huge rally in cryptocurrencies that’s been lifting many of the most popular and successful projects to new all-time highs. The beta Edge Cacher is included as an upgrade to the existing Theta Pre-Guardian Node client and can be downloaded for Windows PC here: PGN / beta Edge Cacher. Connecting to MariaDB with Node.js. Running a Guardian Node is a critical part of Theta blockchain consensus. In The News. The rally comes as the entire DeFi market sees a major rally from an overall increase in appetite for the sector.