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Theta Network Plans Hard Fork This Week

1 min read
Theta Mainnet

Theta Network has announced via Twitter that it will be implementing a hard fork this Wednesday, 3/10 at 12pm PST. The announcement states that this hard fork “does NOT require any user action or involve any changes to your tokens. The upgrade is focused on improved scaling and staking reward distribution. User wallets and Guardian Nodes are safe to continue using normally”:

About Theta

“Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams,” said Steve Chen, Co-Founder of YouTube. “I’m excited to be part of the next evolution of the streaming space, helping Theta create a decentralized peer-to-peer network that can offer improved video delivery at lower costs.”