Wednesday, July 24, 2024

Streamr Publicizes the Begin of Testnet Two for the Decentralized Streamr Community 1.0 – Paving the Means for Subsequent-Gen Information Broadcasting

December 21, 2023 – Zug, Switzerland


After the profitable launch of ‘testnet one,’ paving the way in which for the upcoming Streamr Community 1.0 milestone, Streamr is happy to announce the beginning of ‘testnet two.’

This second incentivized testnet beginning on December 21, 2023, and concluding on January 8, 2024 will see a reward pool of 1.5 million DATA tokens (roughly $104,000 as of December 21, 2023) accessible for node operators to bootstrap a next-generation decentralized knowledge broadcast community.

Key dates and rewards
  • Testnet one (accomplished) – December 5-12, 2023 – reward pool – One million DATA ($69,000)
  • Testnet two – December 21, 2023 – January 8, 2024 – reward pool 1.5 million DATA ($104,000)
  • Testnet three – January 15-29, 2024 – reward pool 2.5 million DATA ($173,000)
  • Streamr 1.0 official launch February 2024
Methods to take part in testnet two

As with testnet one, to earn a share of the DATA rewards individuals will both must obtain the most recent 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 observe the protocol rule of correctly forwarding messages to different related nodes with good uptime and adequate {hardware} sources to deal with the site visitors of the accessible incentivized streams.

Delegators assist these operations by offering liquidity within the type of DATA tokens.

Stream sponsorships are sensible contracts that launch funds over time to operators (node runners).

This technique mirrors SLAs (service stage agreements) in conventional networks, making certain dependable knowledge distribution.

The quantity of DATA tokens the operator stakes on the sponsorship determines the dimensions of their share of the token stream.

Learn extra on how the assorted roles match collectively in this weblog.

Testnet two particulars

Testnet two shall be funded with 1.5 million DATA tokens ($104,000). These stream sponsorships will run till the top of testnet two, which finishes on January 8, 2024.

Node operator penalties will keep on the identical low stage as in testnet one.

Subsequent-gen use instances to unlock in 1.0

The 1.0 milestone marks the end result of the 2017 roadmap, unlocking the peer-to-peer market forces between sponsors and operators in order that distribution is paid for with the foreign money of the Streamr Community DATA.

This makes the community totally decentralized and production-ready and paves the way in which for the crew to discover some thrilling new use instances together with the next.

DePIN

The 1.0 launch will make the Streamr Community higher positioned to boost the info broadcasting functionality of DePINs (decentralized bodily infrastructure networks).

As DePINs transfer away from centralized knowledge facilities in direction of a community of particular person contributors, the Streamr Community’s serverless, safe and scalable design reveals promise to align and provide a platform that helps DePINs to progressively decentralize their tech stack.

Decentralized AI

Streamr additionally has the potential to function a impartial knowledge layer, offering AI with dependable, tamperproof entry to real-time knowledge streams.

That is essential for AI reliability and improvement and making certain transparency and security in AI operations. The Streamr Community may additional be deployed in communication and coordination between AI fashions.

These fashions might collect and share real-time insights amongst one another to stage up their collective intelligence.

There’s loads to be explored, and with considerations concerning the future risks of AI, verifiable communication by way of impartial and decentralized networks corresponding 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, a minimum of) Streamr has been testing the scalability and stability of decentralized stay video feeds

Stay video streaming with a P2P protocol corresponding to Streamr might provide a path to get rid of the necessity for centralized intermediaries used right now to distribute content material around the globe.

The Streamr protocol permits the stay video feed shoppers to turn out to be the video feed’s distribution pipeline, which might make for a extra environment friendly, greener and scalable distribution mechanism.

Earlier this 12 months, Streamr streamed the MapMetrics Bitcoin stay feed instantly from YouTube. The crew guarantees to have extra to share on this observe within the coming weeks.

Get began with testnet two

Streamr invitations customers to hitch this journey in direction of a totally decentralized knowledge financial system.

Customers can put together nodes to assert a share of the remaining 5 million DATA tokens and be part of the way forward for decentralized real-time knowledge.

For assist, suggestions and updates, customers can be part of the Streamr Discord neighborhood, specializing in the #testnet-general and #testnet-announcements channels.

About Streamr

Streamr is constructing the real-time knowledge protocol of the decentralized internet. This features a scalable, low-latency and safe P2P community for knowledge broadcasting, supply and alternate.

As a part of the imaginative and prescient, Streamr has constructed ‘The Hub’ a DApp that champions open knowledge to assist DePIN, AI and Net 3.0 builders decentralize their tech stack with real-time knowledge flows.

The Streamr venture was began by real-time knowledge veterans with backgrounds in algorithmic buying and selling and finance markets.

Contact

Mark Little, chief advertising and marketing officer of Streamr Community

This content material is sponsored and must be considered promotional materials. Opinions and statements expressed herein are these of the writer and don’t mirror the opinions of The Each day Hodl. The Each day Hodl will not be a subsidiary of or owned by any ICOs, blockchain startups or firms that publicize on our platform. Buyers ought to do their due diligence earlier than making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be suggested that your investments are at your personal danger, and any losses it’s possible you’ll incur are your duty.

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