The Theta team announced via Twitter on Tuesday that its v4.0.0 hardfork will take place on November 3rd. The team advised those running validator nodes should upgrade their nodes ahead of the hardfork. Theta previously explained that this upgrade is for the “main chain,” i.e., the existing Theta mainnet, which is a prerequisite for the December 1st Metachain launch.
Theta is a decentralized video delivery network powered by users, running on a dedicated blockchain (Theta Network). Its value proposition is to reduce the costs of content delivery networks by effectively creating a mesh network of shared content.
THETA is currently trading at $1.230, up by more than 4% in the last 24 hours.