Theta Mainnet 3.0 projected, the next generation Theta blockchain to launch in the Spring 2021 will introduce TFUEL staking and burning.
We’re thrilled to announce the next generation Theta blockchain: Theta Mainnet 3.0 projected to launch in the Spring 2021 will introduce TFUEL staking and burning. Read the official announcement here:https://t.co/MaUOp1YbY4
— Theta Network (@Theta_Network) December 9, 2020
As a press release, Theta Mainnet 3.0 introduces two protocol innovations:
- Upgrading to Elite Edge Nodes will enable “Uptime Mining”, the tokenization of Internet bandwidth and availability. Users will be able to stake TFuel to an edge node to upgrade it to become an Elite Edge Node. Elite Edge Nodes can 1) earn TFuel through their staked TFuel, and 2) earn additional TFuel from video platforms for delivering higher performance.
- New TFuel burning mechanism will add a cost for using Theta edge network, namely a “network fee” as a balancing force against new TFuel supply. Since Theta network launched two years ago we recognized that there is significant value accrued to video platform partners in the form of content delivery network (CDN) cost savings, increased user engagement, and revenues resulting from shifting infrastructure costs to user rewards.
For the full detail of Theta Mainnet 3.0, please read the Theta Mainnet 3.0 whitepaper available here.
Read more:
- Theta Network Has Been Collaborating With Chainlink To Fight Online Video Ad Fraud
- Theta Labs Granted U.S. Patent, Became The First And Blockchain-Based Decentralized Video Protocol