Streamr Announces Upcoming Launch of Testnet 1 for Streamr 1.0
Streamr is excited to announce the upcoming launch of Testnet 1 for Streamr 1.0, a significant step towards the completion of its 2017 roadmap and the full readiness of the decentralized network. This incentivized testnet will begin on December 4th and conclude on December 11th, serving as a precursor to the release of Streamr 1.0 in February 2024.
Key Dates and Rewards
- Streamr Hub 1.0 Release: November 28th
- Testnet 1: December 4th – December 11th (Reward Pool: 1 Million DATA)
- Testnet 2: December 18th – January 8th (Reward Pool: 1.5 Million DATA)
- Testnet 3: January 15th – January 29th (Reward Pool: 2.5 Million DATA)
- Streamr 1.0 Official Release: February 2024
New Next-Gen Features in 1.0
The release of Streamr 1.0 will introduce several new features and advancements to the network. These include the introduction of new network roles, such as Sponsors, Operators, and Delegators, as well as the implementation of smart contracts for stream sponsorships. The 1.0 protocol upgrade will also enhance the network’s capabilities by replacing tracker nodes with a globally distributed hash table (DHT).
Operators, Delegators, and Stream Sponsorships
Operators and Delegators play crucial roles in the success of the testnets. Operators run Streamr nodes and aid in traffic relay and network performance, while Delegators provide liquidity in the form of DATA tokens. Testnet participants have the opportunity to earn rewards from the 5 million DATA tokens allocated for these three testnets. Stream sponsorships, managed through smart contracts, ensure reliable data distribution and are essential for securing the network.
Enhancements for Node Operators
The 1.0 upgrade brings significant enhancements and changes for node operators. These include the removal of node limits, immediate reward claiming from active sponsorships, the freedom to stake unlimited DATA tokens per node, and the implementation of testnet-specific software versions and a streamlined address system.
How to Participate in the Testnets
To participate in the testnets and earn a share of the 5 million DATA tokens, you can become an Operator or a Delegator. As an Operator, you need to follow the protocol rules by properly forwarding messages to other connected nodes. The amount of DATA tokens you stake on a sponsorship determines your share of the token flow.
Join the Streamr Community
Streamr invites you to join the journey towards a fully decentralized data economy. To get involved and stay updated on the latest developments, you can join the Streamr Discord community and participate in the AMA on Twitter Spaces. Streamr is building the real-time data protocol of the decentralized web and aims to decentralize tech stacks worldwide.
Hot Take: Streamr Prepares for the Launch of Testnet 1 for Streamr 1.0
Streamr is gearing up for the launch of Testnet 1 for Streamr 1.0, marking a significant milestone in the development of its decentralized network. This launch brings new features and enhancements, creating opportunities for Operators and Delegators to earn rewards through the incentivized testnets. With the release of Streamr 1.0, the network will be fully decentralized, production-ready, and complete. Join the Streamr community and be part of the future of decentralized real-time data.
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