The Developers of the streaming platform on the Theta blockchain have updated the project’s network and added the ability to deploy smart contracts, among other improvements.
Theta is one of the projects that is developing after the ICO. ICO sales of $20 million THETA token were completed in January 2018 to accredited investors.
According to Theta Labs, the project’s network now supports smart contract capabilities, starting with block 8,411,427. As part of the update, changes were also made to the staking process. The asset staking threshold has been lowered to 1,000 THETA, starting from block 8,411,427, for both new nodes and additional staking of existing nodes.
This update will not require existing token holders to take any actions or move tokens. No token replacement is taking place.
Other significant improvements include the Google Chrome extension for Theta wallets. In May 2020, Theta announced the launch of an updated version of the Theta 2.0 network and collaborated with Google.