您现在的位置是:THETA price soars ahead of update >>正文
THETA price soars ahead of update
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛439人已围观
简介Friday’s hard fork will eliminate the six-second wait time for block proposal and provide supp...
Friday’s hard fork will eliminate the six-second wait time for block proposal and provide support for the Ethereum RPC API
After falling to a low of $3.49 last week, the lowest price since March, THETA price found some positive momentum as it rebounded with a surge of 114%, reaching a high of $7.46 this morning.
Theta provides a peer-to-peer network for blockchain-powered video delivery in order to bring better quality and lower costs to the streaming industry. Google, Samsung and Binance are among the companies that run Enterprise Validator nodes on the Theta network.
By introducing a dual token economy, Theta incentivises users to share their excess bandwidth. While the Theta Token (THETA) is used to govern and secure the network, Theta Fuel (TFUEL) is required to pay for operations on the network. TFUEL also made significant gains last week, surging by 100% between Tuesday’s low and this morning’s high.
A likely driver of the positive sentiment around the project recently is Theta’s upcoming hard fork. The update, which was announced last Thursday, will bring a range of improvements.
Firstly, the current six-second wait time for block proposals will be eliminated, dramatically boosting the blockchain’s efficiency and transactional throughput. The Theta Network will then be able to support at least 1 million concurrent users relaying video.
The blockchain database has been optimised to enable much faster data read/write so that transaction processing won’t slow down as the database grows in size. The growth of disk size consumption will also slow thanks to the introduction of more efficient pruning.
Another upcoming improvement is the reduction of the snapshot validation and import time from 45 minutes to 15 minutes. This will shorten the time needed to start up a new Guardian Node for end users, as well as speeding up the process of syncing back up to the blockchain if a node falls out of sync.
Finally, the new protocol release will support the Ethereum RPC API. This means that decentralised applications (dApps) on Ethereum could interact with the Theta blockchain through the same API calls if they are ported over to Theta. The upgrade therefore provides the basis for cross-chain bridge development.
The new code for Theta protocol release version 3.1.0 was published on Theta GitHub yesterday, while the hard fork will take place on Friday 30 July. The team is already working on porting popular Ethereum dApps to Theta such as Uniswap V2.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/87346.html
相关文章
Nexo (NEXO) climbs as it announces the launch of TerraUSD (UST)
THETA price soars ahead of updateNexo (NEXO)has continued its upward climb seen over the last few days. This comes as the platform an...
阅读更多
3 notable crypto personalities commenting on war
THETA price soars ahead of updateAt 4am local time this morning, Russian president Vladimir Putin announced a military operation agai...
阅读更多
Best meme coins to buy in February
THETA price soars ahead of updateMeme coins, while initially starting as a joke, have actually managed to pull off a high level of ma...
阅读更多
热门文章
- Top 3 Sites for Crypto Trading in 2020
- Cryptos receding again, markets react to Fed decision
- Antivirus Pioneer John McAfee Charged by DOJ and SEC
- Putin's stance on crypto dissents from the ban narrative
- Monero price jumps 14% as bullseye yearly highs around $120
- Iconic DeFi developer Andre Cronje exits the DeFi scene
最新文章
Is Decentraland (MANA) out of the woods yet?
Here is why Vulcan Forged (PYR) price is skyrocketing
Polygon Labs launches decentralised ID solution for Web3
Analyst says BTC is at its most "oversold" since March 2020
XRP and Uniswap MVRVs suggest it's time to buy the dip, Santiment says
Nomura’s crypto arm invests in DeFi protocol Infinity