theta guardian node vs edge node

In August 2020, in an interview with Cryptoslate, Theta’s CEO and co-founder Mitch Liu laid out his plans for the ‘Anycast’ Edge Node platform. As such, users can stake TFUEL to an Edge node and receive rewards back for doing so. Theta has recently upgraded its nodes category and comes out with Edge node , Guardian node and enterprises node where simply stake or delegate your Theta … Disclaimer: These are the writer’s opinions and should not be considered investment advice. Since the launch of the Theta live streaming platform back in 2016 the project has come a very long way. Once Smart Streaming Contracts go live on the mainnet Theta will also implement TFUEL staking and burning. Smart Streaming Contracts are type of smart contract or incentive contract used to help facilitate reward distribution and collection. Now that you've downloaded, installed, and stood up a MariaDB database, you're ready to put it to use within a new Node.js app. The plan is for a minimum requirement of 10,000 Theta Tokens staked to run a Guardian Node (details on why below), As a transition to Guardian Node full functionality, we are launching the, Evaluation of the top participants in the Guardian Node onboarding program will influence which users are first to participate in operating Guardian Nodes upon their release, Disk size: 1TB or more, SSD hard drive preferred. There are only a few other exchanges listing TFUEL and the volumes being exchanged are negligible. TFUEL powers on-chain operations like payments to relayers for sharing a video stream, or deploying or interacting with smart contracts. Telegram has become increasingly important for blockchain projects, and they often use Telegram as their first place to share news, and as a place to carry on discussions about changes within the platform and community. Starting Wednesday June 3rd, you can participate in running a Guardian Node on Theta … Any earned Tfuel is deposited directly into the Theta Wallet that you are delegating to every 100 blocks or about 12 mins. ... › theta guardian node vs edge node. Download. There are a further 8 code repositories but none of these had any reasonable development in them recently. Edge Node: macOS. This is a bit less than we would expect from a project in this stage of development but its still progress. Plus they have a very good start compared with some other similar projects. So, I decided to dive into the Theta Token GitHub. What is edge node keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. However, even to reach that expected number will significant require testing and optimization. It remains to be seen if they can succeed, but they have a very talented and experienced team and a solid vision. Unless the edge node is configured with a DataNode service, blocks of data will not be stored on that node. The Edge Node allows you to relay video streams over the Theta … These changes and more can be studied in greater detail in the Theta Mainnet 3.0 whitepaper. 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. Read on to find out more. The market cap is $ 2,956,994,395 and the 24h volume is $ 323,572,343 . The THETA tokens were launched in December of 2017 and were issued as ERC-20 tokens. 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. Easy, right? The name “Multi-Level BFT consensus mechanism” reflects the fact that the Validator/Guardian division provides multiple levels of security guarantee. ... Theta Labs Edge Node. However, streams are only as good as the infrastructure that feeds into the actual users homes, and this can sometimes be slow and cause frequent lag, rebuffering and choppy streams. Here are more detailed explanations of these new concepts: The Resource Oriented Micropayment Pool was created by Theta Token specifically to create off-chain payment pools that users can for off-chain withdrawals. The Basics of Technical Analysis for Cryptocurrency Trading, Why we are only at the beginning of the revolution of money. The Guardian Node functionality is currently in development and is expected to launch to the mainnet in Q1 2020. These Guardian Nodes are meant to be run by members of the Theta community, and are rewarded with TFUEL. Those wishing to run a Guardian Node must have a computer or server with minimum technical specifications, and must stake 1,000 THETA tokens. This is a very exciting project backed by some huge corporations and partnered with some of the biggest names in media and technology. In our first implementation of guardian nodes, there is a theoretical limit of ~1,000 Guardian Nodes that can participate in block finalization before communications latency starts becoming a problem. The new N-API allows developers to create and maintain Addons much easier. Passive Income With Theta Edge Node. As an example, if you stake 100,000 THETA and the total network has 300m THETA stake, you are staking 0.033% of the THETA total staked to the network. GUI: Please click here if you want to run your guardian node through the graphical user interface. Image via Theta blog. They have been designed to be resistant to double spending and also offer more flexibility than other off-chain solutions. But that’s not all. It also includes the existing advertiser sponsored platforms such as YouTube and Twitch, along with existing subscription based services like Netflix and Amazon Prime. For the GN onboarding client, there is no minimum requirement of Theta Tokens to hold. EdgeCast adds fully decentralized video streaming, distribution, and compute . Those wishing to run a Guardian Node must have a computer or server with minimum technical specifications, and must stake 1,000 THETA tokens. Theta Labs Guardian Node. 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. There are continued upgrades planned for ThetaSwap throughout 2021. 12 Validator Nodes, 395 Guardian Nodes, and 1726 Edge Cacher Nodes. (If you’re interested in learning more, check out Theta CTO Jieyi Long’s paper on Multi-Level BFT; it’s getting some academic recognition and will be featured at an upcoming cryptography conference! 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. About THETA. 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. Furthermore, you have to stake 10.000.000 THETA … Bitshares: Margin Trading and Swap contracts on the DEX discussion, Gamestop, Transparency and the Promise of Decentralized Finance (DeFi), Bitcoin naysayers are missing the point entirely. With the Guardian node, no single entity controls the majority of THETA tokens being staked at any one time. Hardware. Image via ThetaToken.org. 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. Theta Edge Node. ⦁ Running a Guardian Node and stake Theta. It is proportional to Theta amount staked. Theta balance does not have and effect on earnings Advertisers rewarding streamers and viewers; Subscriptions to streamers content or to Decentralized Content Networks; Cachers can share rewards with viewers and content streamers. Theta uses a financial incentive scheme to ensure user participation in governance activities, and hence its network is secured by its own users. According to the Theta labs founder, Mitch Liu, At its core, Theta is enabling users to share their idle bandwidth and computing resources to mine Theta tokens and in turn cache and relay video streams to others in the network. Below are the total commits to the top two most active repos over the past 12 months. 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. Typically blockchain projects don’t see much activity from Facebook, but the Theta Network’s Facebook page has over 62,000 followers. With the Theta mainnet launch fast approaching, we’d like to share with the community some important updates on Guardian Nodes, a critical piece of Theta’s Multi-Level BFT consensus mechanism. The Future of Theta. 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). Gene Pao, Shout! Getting Started Guide. While that’s all well and good, today’s video streaming is not perfect. 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. We’ll share more on that when the news goes public.). 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. Getting Started Guide. For example, tree 30 / \ / \ 18 50 \ / \ 24 36 51 Adding to the knowledge and growth of Theta is an experienced group of Media Advisors, which includes YouTube co-founder Steve Chen, and Twitch co-founder Justin Kan. Making the Theta’s node-based system provide the desired levels of performance will also create the need to balance out the quality of individual caching/relaying nodes in the network. 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. When you delegate and want to un-delegate, the process would take 28,800 blocks or about 48 hours. 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. Ideally this can be done at the protocol level prior to GN launch and make the process as unbiased as possible. “With timeless cult programming and dedicated fan bases, Shout! With the addition of Turing-complete smart contracts to the Theta network many potential new use cases have been added to Theta, and one of these has been realized with the launch of the ThetaSwap DEX, the first decentralized exchange on the Theta blockchain. This leads to better overall performance for everyone, all across the globe. But that’s not all. Step-by-step instructions on setting up the Guardian Node and staking will be released with the new app. The height of a nonempty tree is the height of its root. Click to download the windows version of the Edge Node and earn TFUEL by caching popular streams. Click to download the Windows version of the Guardian Node and earn TFUEL by staking THETA. One of the most important aspects of the Theta mainnet launch was the introduction of Theta Fuel (TFUEL), the “gas” or payment token of the Theta Network. Guardian nodes are designed to finalize blocks in the Theta multi-BFT consensus protocol. 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. The Spring of 2021 is set for the projected launch of Theta Mainnet 3.0 which will introduce TFUEL staking and burning, among other changes. 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. 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. Theta Edge Node. Another change introduced was the reduction of the Guardian Node staking threshold from 10,000 THETA to 1,000 THETA. Theta Fuel was created to be similar to the “gas” used in the Ethereum network. Leading crypto exchange company Binance, announced it has successfully launched their validator node on the Theta Network. In addition to TFUEL staking, there will also be a TFUEL burning mechanism added as a cost for using the Theta edge network. Their vision is to provide high quality video streams without the buffering issues often seen today. That's how we secure our Node.js backend API. Each guardian node keeps combining the partially aggregated signatures from all its neighbors, and then gossips out the aggregated signature. 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. please refer to the information based on the source that we noted. Hi Everyone, I’m a new here and I am currently trying to verify the Pre-Guardian Node. Users that run Guardian Nodes will be rewarded with TFUEL. 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. 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. Enterprise Validator Nodes. 4) Should the edge node be outside the cluster? This Node.js release is exciting, and after looking at some of the new updates, I'm super excited to try it! That has led to the world’s very first Decentralized Streaming Network (DSN). 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. The Guardian nodes provide additional decentralization for Theta. The Edge Catcher is an upgrade to the existing Theta Pre-Guardian Node that launched in April.. Theta Edge Cacher v1 beta released! Price wouldn’t return to that level until May 2020. 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. TFUEL staking and burning. The lower limit is necessary to prevent sybil attacks, will be explained later. The Guardian Node onboarding client will be released no later than end of March 2019. The rally comes as the entire DeFi market sees a major rally from an overall increase in appetite for the sector. 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. Video streaming has a huge and increasing demand in the 21st century, and the Theta Token team is looking to make their platform the go-to blockchain for video streaming. 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. This is a fully decentralized solution with no central servers or services. More recently it has formed partnerships with SamsungVR and with Littlstar, a media platform that gives Theta access to 100+ million Playstaion platforms. Above information might be partly or entirely quoted from exterior websites or sources. Our expectation is that the minimum number of staked Theta Tokens to run a Guardian Node will be 10,000 Theta Tokens. This way the signature share of each node can reach other nodes at an exponential rate, 2 Introducing the Theta Edge Node (beta) — the latest evolution of the Theta Edge Cacher. Theta is an end-to-end infrastructure for decentralized video streaming . The proportion of TFUEL you earn as a GN depends on how much THETA you have staked relative to the total number of THETA. These sections include a comprehensive video at … CLI: Please click here if you want to run your guardian node through the command line interface. Other than these developments, the blockchain also plans to launch the next-generation Theta Mainnet 3.0 in spring 2021, whic is expected to introduce several new features. However, with such strong competition, does it have what it takes? The height of a leaf is 1. Earn TFUEL by caching popular streams. Streamers will now be able to issue loyalty tokens that will have real value to their fans, while pools or DAOs can fund media ventures more easily. Does the edge node player (watch tab) have a similar concept to theta.tv (already a member). The creation of a decentralized exchange was seen as necessary for Theta, given the new tokens being created on the blockchain. That would translate into your node earning about 0.264 TFUEL per 100 block period, or 6,944 TFUEL monthly. 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. Connecting to MariaDB with Node.js. Guardian nodes are designed to finalize blocks in the Theta multi-BFT consensus protocol. This doesn’t only include new, decentralized platforms. It also helps the network achieve a higher transaction throughput of up to 1000+ TPS. So, node 1 will have a list containing nodes 2 and 3, node 2 will have a list containing node 4, etc. " by u/ronbubble28 " Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. " Each Part is broken out into separate sections. Here, the “quality” refers to a node’s varying capacity to perform its tasks related to video delivery and streaming. 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. 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. In The News. Following that intial launch, v 2.0 of the mainnet went live in May 2020. These Guardian Nodes are meant to be run by members of the Theta community, and are rewarded with TFUEL. Most PoS systems depend on direct communication between the nodes facilitating the verifications. More broadly, one of the benefits of running the GN onboarding program is that we can evaluate which users are performing to the standards required to run a Guardian Node, which will allow those users to take priority in the first Guardian Node set upon launch. This all sounds well and good but how much development output have the team been pushing recently? Theta has some big plans for 2021 and beyond. 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. they have done very well and have an impressive amount of work planned for 2021, some of which has already been completed and implemented. Guardian Nodes finalize blocks in Theta’s Multi-BFT consensus protocol, and are meant to be run by members of the Theta community. Basically Elite Edge Nodes will earn rewards based on the amount of TFUEL staked and the total uptime of the node. These Guardian Nodes are meant to be run by members of the Theta community, and are rewarded with TFUEL. The largest community following Theta is on Twitter, which you might expect as Twitter followings seem to be highest for blockchain projects. For example if the given Linked List is 5->10->15->20->25 and we add an item 30 at the end, then the Linked List becomes 5->10->15->20->25->30. Stay tuned for the release of the Guardian Node onboarding client later this month so you can start earning TFUEL! Ethereum and EOS, which is more worth investing in? That node type is the Edge Node (EN) Cacher/Player and is downloadable from their website – thetatoken.org. It also helps the network achieve a higher transaction throughput of up to 1000+ TPS. 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. With the launch of the mainet the Theta Fuel tokens are being used as the reward token of the Theta network. The hardware requirements to run a Guardian Node are: The on-boarding on pre-Guardian nodes began in March 2019, and as of November 2019 Theta announced the first 100 Guardian nodes have been selected to run on the Theta testnet. Now that ThetaSwap has been created there is a way for TNT20 tokens to function completely. This standalone client lets you relay video and earn TFUEL at higher levels. If users want to stake more TFuel than the upper limit, they can launch multiple edge nodes and split their TFuel across those nodes. While the onboarding client is light and does NOT require specs as high as the actual Guardian Node to run, the client will take into account your hardware specs, and users that meet the actual requirements of running a Guardian Node will be noted if there is excess demand to run Guardian Nodes at launch. 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. Here’s a quick TL:DR for those who just want the takeaways: In Theta’s Multi-Level BFT consensus, 10–20 Validator Nodes make up a smaller committee to produce and validate new blocks to be added to the Theta blockchain. And from May 2020 until February 2021 the price continued climbing, reaching a new all-time high of $2.56 on February 5, 2021. Guardian Nodes will be run by the Theta community to perform block finalization, and later participate directly in block production by acting as Validator Nodes on a rotating basis. With the Guardian node, no single entity controls the majority of THETA tokens being staked at any one time. There are also several third-party wallets that support storage of THETA and TFUEL and these include the Trustwallet and the Atomic wallet. The Theta team expects staking rewards to come out at between 2-4%. Image via Theta.tv. Tech support scams are an industry-wide issue where scammers trick you into paying for unnecessary technical support services. In addition to swapping the ERC-20 THETA tokens, users also received an airdrop of the Theta Fuel (TFUEL) tokens. According to the Theta Labs website, there are currently 12 live enterprise validator nodes as of this writing, along with 425 Guardian nodes and more than 2,200 edge cacher nodes. late 2018) these ERC-20 tokens were exchanged for native tokens at a 1:1 ratio. It is expected that this activity will only increase as the community and ecosystem grows. One of the best ways to get a sense of this is to look into a project’s GitHub. Your TFUEL earnings will be proportional to the Theta Tokens you hold in your wallet — the more Theta you hold, the more TFUEL you’ll earn. Disk size: 1TB or more, SSD hard drive preferred. The more people who run an edge node for Theta network, the better the network will perform, the brighter the future of the network and its participants will be, and the more tokens each node will earn. 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 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 two largest exchange services for THETA are being provided by Binance Exchange and BkEx. There are also over 5,000 followers on a defunct Theta subreddit that moved almost a year ago. 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. Facilitating the communication between the guardian nodes is a system called an aggregated signature gossip scheme. Simulates guardian node earnings. Another change introduced was the reduction of the Guardian Node staking threshold from 10,000 THETA to 1,000 THETA. 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. What is surprising is the number of Facebook followers the project has. Readers should do their own research. There’s also decent volumes being exchanged at Huobi Global, UpBit, and DigiFinex. Now, for each of these nodes, we will store a list (array, hash or linked list) of other nodes which have an edge from these nodes (or adjacent nodes). On March 9, 2019 Theta announced the release of the native web wallet, which can be used for both THETA and TFUEL tokens. The Theta team believes that in the long-run, as Theta’s edge network becomes more widely adopted, this could meaningfully reduce the supply of TFuel. It is all accomplished through the more than 2,000 Theta edge nodes operating globally. It allows users to exchange their newly-created TNT20 tokens built on Theta blockchain in a trustless, non-custodial way. Their vision is to provide high quality video streams without the buffering issues often seen today. This burning mechanism is being added as a balancing force against the additional supply that will come from the TFUEL inflation mechanism. Part I will focus on general security best practices. 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 majority of trading volume in TFUEL is at Binance, although there is a decent amount being exchanged at Upbit. To start, pick a new directory, and create a new Javascript file to be used as the main entry point for the Node server. This who prefer more security in their cryptocurrency storage can opt for the Trezor or Ledger hardware wallets. The Theta native wallet was released just days before the mainnet was launched. by u/skiezo0492 Despite some recent downward pressure the THETA token is the 24th largest coin on Coinmarketcap.com, while TFUEL is the 116th largest. With these improvements as the foundation, Theta is now working on releasing Theta Mainnet 3.0 with two primary protocol innovations. ⦁ Watching Theta.tv streams like e-sports, World Poker Tour…and relaying the streams to other users nearby. messaging complexity. Of course the initial all-time high was during the huge rally in blockchain markets in January 2018. There is a second type of Theta Node that is open to the public in addition to the Guardian Node (GN). Both cryptocurrencies and CFDs are complex instruments and come with high risk of losing money. Earn TFUEL by staking THETA. Modern cryptography to create a migration path to TLS 1.3 is also included. If nodes are significantly asynchronous, block production could be delayed, or the protocol could become vulnerable to an attack. For simplicity, I … Guardian nodes are designed to finalize blocks in the Theta multi-BFT consensus protocol. That’s just two years after Theta initially introduced its peer-to-peer decentralized video delivery infrastructure.

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