Sirwin
Sirwin
Theta_Mainnet

Theta Releases along the road to Mainnet 4.0 - Metachain


Theta Releases along the road to Mainnet 4.0 - Metachain

A quick review of the '22 releases for Theta bringing about Mainnet 4.0

EdgeStore Alpha Release took place the week of Feb 18th '22 and was only available as standalone binary (Put another way, no official support!)

What is an Alpha release - think very early product development stage, perhaps equivalent to the term (MVP) Minimally Viable Product). The phase after Alpha is Beta (where customers begin to get copies and try it out) 

What is the EdgeStore? The main goal is to be an append-only, content-addressing, decentralized key/value storage network for the permanent web. Additionally the EdgeStore will have local cache functions for popular content.  Think of it as a decentralized Content Delivery Network (dCDN) for a variety of functions such as:

  • Music,
  • Game patches,
  • Software updates (Think how many people update Microsoft Windows the first Tuesday of every month) 
  • Video deliver that cat video even faster

EdgeStore is a critical component of Theta Mainnet 4.0 (aka Metachain) release later this year- you can read more about it from my post here  https://www.publish0x.com/theta-network-basics-in-bite-size-pieces/theta-mainnet-40-theta-metachain-q422-xmmqdxo

EdgeStore also brings Digital Rights Management (DRM) to peer-to-peer environments. So now digital media is protected like all other content.

How does EdgeStore work? EdgeStore leverages a technique called “flexible sharding”. Think of it as deterministic extension of the Chord protocol for distributed hash tables (DHT).  Not familiar with Chord protocol learn more about the peer to peer protocol here https://en.wikipedia.org/wiki/Chord_(peer-to-peer)

EdgeStore Resources:

Theta Hardfork via V3.4.0 brought us wTHETA (Wrapped Theta) which is a TNT-20 token - came on Sept. 28th and block height number 17285755. 

Resources for V3.4.0 hardfork 

Why V3.4.0 was important? So, it can be used in Theta-based Dapps, for DeFi, or within Metamask wallets, etc.

Metachain Testnet - went live in early Oct. '22

Hardfork Nov 2nd - at block height 17790756,

Theta Metachain launch - Dec. 1st '22 

Theta Metachain is an interconnected network of blockchains, a “chain of chains”. It will allow permissionless horizontal scaling of the Theta blockchain network in order to achieve potentially unlimited transactional throughput and sub second block finalization time. The Metachain consists of one “main chain” and an unlimited number of “subchains”.

Keep in mind the first subchain went online back a couple weeks ago which is Replay.

 

Summary - EdgeStore further expands on Theta's CDN destruction via dCDN constructs such as caching. The Alpha release was clearly NOT ready for Enterprise rollout; in essence you were helping to discover and report bugs! However, this will be disruptive technology to many industries, including breaking the hold on monopolies such as TicketMaster. While V3.4.0 brought about wTHETA and support for Metamask wallets, a long anticipated feature and function. It is important to bring back up the lowering of staked Theta quantities to further decentralize their network even further. Theta also freed up staked quantities to sell to new giant partners. V4.0 brings subchains and better scaling. Perhaps we will see Theta and TFUEL prices moon? 

Disclaimer - I am not an employee nor an agent of Theta, Theta labs, although it sounds super exciting.

How do you rate this article?

21


Keith Thuerk
Keith Thuerk

Currently learning about Crypto & DeFi to combat the Inflationary Tidal wave coming our way!


Theta Network basics in bite size pieces
Theta Network basics in bite size pieces

Theta a Next Generation Video delivery network that leverages the power of peer-peer network bandwidth sharing. You participate and help the network scale and increase security by sharing a % of your Internet bandwidth.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.