The Theta blockchain mainnet was successfully launched in March 2019 and has now been in operation for 6 months. While it’s a major milestone to launch a new blockchain from scratch, it was only the first step. To take the Theta blockchain to the next level, the team thinks they must give the Theta community the tools to innovate and build upon their foundation. The community needs to govern the Theta blockchain with Guardian Nodes in addition to the Enterprise Validator Nodes, create new Theta use cases with full smart contract support, and have a robust block explorer with real-time analytics to monitor the blockchain. Altogether, these community-focused updates make up Theta vision for the next phase of its growth — Theta Mainnet 2.0.

Theta vision encompasses three main components that are to be powered by Theta edge nodes, run by the community: data delivery, data storage and data encoding. For performing each of these three services, users earn TFUEL as a reward, incentivizing them to support and grow the Theta Network.

There’s a lot that needs to be built to realize Theta vision. Take look at Theta updated high-level project roadmap through 2020 in our report below. The most significant change from the previous Theta roadmap is extending the launch date of Guardian Nodes. In Q4, they will release the full Guardian Node software for use on Theta testnet, and a small group of users will be able to run these nodes that will fully participate in Theta’s Multi-BFT consensus.

Moreover, Bitmovio, a gamified video entertainment platform featuring a wide range of premium video content, will soon become the next platform to adopt the Theta streaming protocol. Bitmovio video content will incorporate a Theta-enabled video player, allowing Bitmovio users to stream video, share it with nearby peers, and earn TFUEL for their contributions. To enable their users to stream on the Theta Network, Bitmovio will purchase TFUEL tokens to be earned by Theta relayers. The integration of Theta mainnet with the Bitmovio video platform is projected to be completed in Q4 of this year.

Dear Theta fans, as the team moves toward the release of Theta Mainnet 2.0 in Q1 2020, they’ll be increasing their global marketing with a series of Theta meetups, blockchain conferences, and other initiatives to raise awareness. The “Road to Theta Mainnet 2.0” campaign will showcase innovative features of the Theta blockchain and how it will achieve mass user adoption to the broader community, so stay tuned for more details this fall!