Tuesday, 27 February 2024

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Streamr Announces the Start of Testnet 2 for the Decentralized Streamr Network 1.0 – Paving the Way for Next-Gen Data Broadcasting

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 21st, 2023, Chainwire

After the successful launch of Testnet 1, paving the way for the upcoming Streamr Network 1.0 milestone, Streamr is excited to announce the start of Testnet 2! This second incentivized testnet, starting on 21st December and concluding on 8th January 2024, will see a reward pool of 1.5 million DATA tokens (approx. $104k USD as of 21/12/24) available for node Operators to bootstrap a next-generation decentralized data broadcast network.

Key dates and rewards:

  • Testnet 1 (completed): 5th December – 12th December (Reward Pool: 1 Million DATA ($69k))
  • Testnet 2: 21st December – 8th January (Reward Pool: 1.5 Million DATA ($104k))
  • Testnet 3: 15th January – 29th January (Reward Pool: 2.5 Million DATA ($173k))
  • Streamr 1.0 Official Release: February 2024

How to participate in Testnet 2

As with Testnet 1, 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 service level agreements (SLAs) 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 2 details

Testnet 2 will be funded with 1.5 million DATA tokens ($104k). These stream Sponsorships will run until the end of Testnet 2, which finishes on 8th January 2024. Node Operator penalties will stay at the same low level as in Testnet 1.

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, production-ready, and paves the way for the team to explore some…

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