Theta 2.0 has been a very good network

Theta blockchain streaming platform has launched an updated version of the Theta 2.0 network

Blockchain streaming platform Theta has announced the launch of an updated version of the Theta 2.0 network, as well as a partnership with Google. Google Cloud service will become one of the corporate validators.

In addition to Google, the corporate validators that will validate transactions on the Theta network include cryptocurrency exchange Binance, Japanese firm Gumi Cryptos, and Blockchain Ventures. The platform management noted that Google is the preferred cloud computing provider, since after the launch of Theta 2.0, users will be able to launch nodes directly from the Google Cloud platform.

Google Cloud developer Allen Day noted that blockchain will enable new business models that will modernize the global digital economy, including the media and entertainment industry. Theta Labs co-founder and CEO Mitch Liu said engaging with Google Cloud in several strategic areas will accelerate the development of Theta and promote the platform's use across multiple industries.

Today, the Theta platform is used to host eSports broadcasts, poker tournaments, and large cryptocurrency conferences. In addition, a few weeks before the launch of the updated version of the network, the platform announced a partnership with the South Korean corporation Samsung to launch its application on Android smartphones.

Blockchain is actively used by streaming platforms, allowing you to receive tokens for organizing broadcasts or watching them. For example, last month the Refereum platform announced a partnership with Tron, through which gamers and viewers can receive TRX and BTT tokens, and last March BitTorrent opened early access to the BitTorrent Live streaming service.

Samsung Develops Mobile Chip With Focus on Secure Cryptocurrency Transactions

The South Korean corporation Samsung Electronics this Tuesday announced an independent security solution based on the S3FV9RR chip and specialized software, one of the applications of which is called cryptocurrency transactions.

“In the era of mobile and contactless interaction, we expect network devices such as smartphones or tablets to maintain a high level of security in order to protect personal data and carry out activities in the fintech space, including mobile banking, stock trading and cryptocurrency transactions”, - said Dongho Shin, senior vice president of marketing for Samsung System LSI.

As the company notes, the new chip surpasses the similar first-generation solution announced in February in terms of security.

"The standalone solution is comprised of a Secure Element (SE) (S3FV9RR) chip and advanced security software to achieve the highest level of certification for mobile components, the Common Criteria Evaluation Assurance Level (CC EAL) 6+," the company writes. "CC EAL 6+ is used in scenarios that require the most stringent security conditions, such as e-passports and cryptocurrency hardware wallets."

The new chip has double the secure storage capacity and supports Root of Trust (RoT) hardware, secure boot and authentication. According to the company, the mechanisms presented are capable of "protecting the device from any possible attacks or unauthorized software updates."

The chip is slated for release in the third quarter of this year.

ARK Invest cryptocurrency analyst Yassin Elmanjra said that after the first halving of the reward to Bitcoin Cash miners, the network hash rate dropped by 30%, and this made it vulnerable to a 51% attack.

Yassine Elmandjra tweeted the Bitcoin Cash data and called the current state of the network "unhealthy." The analyst wrote that the Bitcoin Cash halving caused such great damage to the network that he is genuinely "surprised that a large-scale attack has not yet been carried out on the network."

Bitcoin Cash hashrate dropped by 30% after miner rewards halved. The number of transactions on the network has dropped to a record low, and the profit from commissions is only 0.05% of the daily income of miners. The analyst said that a 51% attack on the Bitcoin Cash network would cost less than $ 10,000 per hour.

Indicators such as hash rate and commissions are not directly related to the price of a crypto asset. However, the fact that there are so few transactions with Bitcoin Cash may indicate that user interest in BCH is declining, which, in turn, could affect the price.

As recently as last month, it was reported that after the halving, the Bitcoin Cash network became vulnerable to a 51% attack. According to one of the largest mining pools F2Pool, after halving the reward to miners, the hashrate of the Bitcoin Cash network dropped to 80%.