Streamr Announces the Start of Testnet 2 for the Decentralized Streamr Network 1.0 – Paving the Way for Next-Gen Data Broadcasting
Zug, Switzerland, December twenty first, 2023, Chainwire
After the profitable (*2*), paving the means for the upcoming Streamr Network 1.0 milestone, Streamr is worked up to announce the begin of Testnet 2! This second incentivized testnet, beginning on twenty first December and concluding on eighth January 2024, will see a reward pool of 1.5 million DATA tokens (approx. $104k USD as of 21/12/24) out there for node Operators to bootstrap a subsequent-era decentralized information broadcast community.
Key dates and rewards:
- Testnet 1 (accomplished): fifth December – twelfth December (Reward Pool: 1 Million DATA ($69k))
- Testnet 2: twenty first December – eighth January (Reward Pool: 1.5 Million DATA ($104k))
- Testnet 3: fifteenth January – twenty ninth January (Reward Pool: 2.5 Million DATA ($173k))
- Streamr 1.0 Official Launch: February 2024
Easy methods to take part in Testnet 2
As with Testnet 1, to earn a share of the DATA rewards, contributors will both must obtain the newest model of the Streamr Node and turn out to be an Operator or just delegate their DATA tokens to a dependable Operator.
An Operator’s nodes comply with the protocol rule of correctly forwarding messages to different related nodes with good uptime and enough {hardware} assets to deal with the visitors of the out there incentivized streams. Delegators assist these operations by offering liquidity in the type of DATA tokens.
Stream Sponsorships are sensible contracts that launch funds over time to Operators (node runners). This technique mirrors service stage agreements (SLAs) in conventional networks, making certain dependable information distribution. The quantity of DATA tokens the Operator stakes on the Sponsorship determines the measurement of their share of the token movement.
Learn extra on how the numerous roles match collectively in this blog.
Testnet 2 particulars
Testnet 2 can be funded with 1.5 million DATA tokens ($104k). These stream Sponsorships will run till the finish of Testnet 2, which finishes on eighth January 2024. Node Operator penalties will keep at the identical low stage as in Testnet 1.
Subsequent-gen use instances to unlock in 1.0
The 1.0 milestone marks the fruits of the 2017 roadmap, unlocking the peer-to-peer market forces between Sponsors and Operators in order that distribution is paid for with the forex of the Streamr Network—DATA. This makes the Network absolutely decentralized and manufacturing-prepared and paves the means for the crew to discover some thrilling new use instances:
DePIN
The 1.0 launch will make the Streamr Network higher positioned to boost the information broadcasting functionality of Decentralized Bodily Infrastructure Networks (DePINs). As DePINs transfer away from centralized information facilities in direction of a community of particular person contributors, the Streamr Network’s serverless, safe, and scalable design reveals promise to align and provide a platform that helps DePINs progressively decentralize their tech stack.
Decentralized AI
Streamr additionally has the potential to function a impartial information layer, offering AI with dependable, tamperproof entry to actual-time information streams. That is essential for AI reliability, improvement and making certain transparency and security in AI operations. The Streamr Network may additional be deployed in communication and coordination between AI Fashions. These fashions may collect and share actual-time insights with one another to stage up their collective intelligence. There’s so much to be explored, and with considerations about the future risks of AI, verifiable communication by means of impartial and decentralized networks similar to Streamr present promise to contribute in direction of the mainstream adoption of AI in our on a regular basis lives.
Decentralized video streaming
Behind closed doorways (for now at the very least) Streams has been testing the scalability and stability of decentralized reside video feeds. Reside video streaming with a P2P protocol similar to Streamr could provide a path to remove the want for centralized intermediaries used at this time to distribute content material round the world. The Streamr protocol permits the reside video feed shoppers to turn out to be the video feed’s distribution pipeline, which may make for a extra environment friendly, greener, and scalable distribution mechanism.
Earlier this 12 months Streamr streamed the MapMetrics bitcoin live feed straight from YouTube. The crew guarantees to have extra to share on this observe in the coming weeks.
Get began with Testnet 2
Streamr invitations customers to affix this journey in direction of a totally decentralized information economic system. Users can prepare nodes to say a share of the remaining 5 million DATA tokens and be a component of the future of decentralized actual-time information.
For assist, suggestions, and updates, customers can be a part of the Streamr Discord group, specializing in the #testnet-basic and #testnet-bulletins channels.
About Streamr
Streamr is constructing the actual-time information protocol of the decentralized internet. This features a scalable, low-latency, and safe P2P Network for information broadcasting, supply, and trade. As half of the imaginative and prescient, Streamr has constructed The Hub—a dApp that champions open information to assist DePin, AI, and Web3 builders decentralize their tech stack with actual-time information flows. The Streamr mission was began by actual-time information veterans with backgrounds in algorithmic buying and selling and finance markets.
Chief Advertising Officer
Mark Little
Streamr Network
[email protected]
