Theta network enhancements usher in smart contract capabilities

Theta, a blockchain that facilitates decentralized video streaming, recently updated its mainnet, adding a number of benefits.

Theta’s mainnet now hosts smart contract capabilities, as of a block height of 8,411,427, Theta Labs said in a blog post on Thursday. .

Theta is one project still chugging along from the initial coin offering boom. The project finished its ICO near the end of the bubble in January 2018, raising $20 million. Although many such ICOs from that era subsequently died, or faced regulatory action, Theta has progressed forward.

Noting another benefit from the update, the post added: “The Guardian Node staking threshold is decreased to 1,000 THETA at block 8,411,427, for both new staking and adding to additional stakes.”

Other additions include a fresh website for information on the protocol, a revised block explorer yielding smart contract data, and the unveiling of Theta-js Javascript SDK.

“This upgrade will not require existing token holders to take any action or move any tokens — there is no token swap of any kind,” the post clarified. The project anticipates further updates in the weeks ahead, including a Google Chrome extension for Theta wallets.

Theta launched its mainnet earlier in 2020, posting several headlines in the crypto space this year. Amid a year full of positive price action for the crypto space, Theta rose over 1,000% in price during the first half of 2020.

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