December 21, 2023 – Zug, Switzerland
After the successful launch of ‘testnet one,’ paving the way for the upcoming Streamr Network 1.0 milestone, Streamr is excited to announce the start of ‘testnet two.’
This second incentivized testnet starting on December 21, 2023, and concluding on January 8, 2024 will see a reward pool of 1.5 million DATA tokens (approximately $104,000 as of December 21, 2023) available for node operators to bootstrap a next-generation decentralized data broadcast network.
Key dates and rewards
- Testnet one (completed) eward pool million DATA ($69,000)
- Testnet two reward pool 1.5 million DATA ($104,000)
- Testnet three eward pool 2.5 million DATA ($173,000)
- Streamr 1.0 official release February 2024
How to participate in testnet two
As with testnet one, to earn a share of the DATA rewards participants will either need to download the latest version of the Streamr Node and become an operator or simply delegate their DATA tokens to a reliable operator.
An operator’s nodes follow the protocol rule of properly forwarding messages to other connected nodes with good uptime and sufficient hardware resources to handle the traffic of the available incentivized streams.
Delegators support these operations by providing liquidity in the form of DATA tokens.
Stream sponsorships are smart contracts that release funds over time to operators (node runners).
This system mirrors SLAs (service level agreements) in traditional networks, ensuring reliable data distribution.
The amount of DATA tokens the operator stakes on the sponsorship determines the size of their share of the token flow.
Read more on how the various roles fit together in this blog.
Testnet two details
Testnet two will be funded with 1.5 million DATA tokens ($104,000). These stream sponsorships will run until the end of testnet two, which finishes on January 8, 2024.
Node operator penalties will stay at the same low level as in testnet one.
Next-gen use cases to unlock in 1.0
The 1.0 milestone marks the culmination of the 2017 roadmap, unlocking the peer-to-peer market forces between sponsors and operators so that distribution is paid for with the currency of the Streamr Network DATA.
This makes the network fully decentralized and production-ready and paves the way for the team to explore some exciting new use cases including the following.
DePIN
The 1.0 release will make the Streamr Network better positioned to enhance the data broadcasting capability of DePINs (decentralized physical infrastructure networks).
As DePINs move away from centralized data centers towards a network of individual contributors, the Streamr Network’s serverless, secure and scalable design shows promise to align and offer a platform that helps DePINs to progressively decentralize their tech stack.
Decentralized AI
Streamr also has the potential to serve as a neutral data layer, providing AI with reliable, tamperproof access to real-time data streams.
This is crucial for AI reliability and development and ensuring transparency and safety in AI operations. The Streamr Network might further be deployed in communication and coordination between AI models.
These models could gather and share real-time insights among each other to level up their collective intelligence.
There’s a lot to be explored, and with concerns about the future dangers of AI, verifiable communication through neutral and decentralized networks such as Streamr show promise to contribute towards the mainstream adoption of AI in our everyday lives.
Decentralized video streaming
Behind closed doors (for now, at least) Streamr has been testing the scalability and stability of decentralized live video feeds
Live video streaming with a P2P protocol such as Streamr may offer a path to eliminate the need for centralized intermediaries used today to distribute content around the world.
The Streamr protocol allows the live video feed consumers to become the video feed’s distribution pipeline, which could make for a more efficient, greener and scalable distribution mechanism.
Earlier this year, Streamr streamed the MapMetrics Bitcoin live feed directly from YouTube. The team promises to have more to share on this track in the coming weeks.
Get started with testnet two
Streamr invites users to join this journey towards a fully decentralized data economy.
Users can prepare nodes to claim a share of the remaining five million DATA tokens and be a part of the future of decentralized real-time data.
For support, feedback and updates, users can join the Streamr Discord community, focusing on the #testnet-general and #testnet-announcements channels.
About Streamr
Streamr is building the real-time data protocol of the decentralized web. This includes a scalable, low-latency and secure P2P network for data broadcasting, delivery and exchange.
As part of the vision, Streamr has built ‘The Hub’ a DApp that champions open data to help DePIN, AI and Web 3.0 builders decentralize their tech stack with real-time data flows.
The Streamr project was started by real-time data veterans with backgrounds in algorithmic trading and finance markets.
Contact
Mark Little, chief marketing officer of Streamr Network
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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