Streamr

United

Million

Discord

Bristol, United Kingdoom, November 29th, 2023, Chainwire 
<a href="https://streamr.network/" rel="nofollow noopener" target="_blank">Streamr</a> is thrilled to <a href="https://blog.streamr.network/create-your-operator-and-get-prepared-for-streamr-1-0-incentivised-testnets/" rel="nofollow noopener" target="_blank">announce</a> the upcoming launch of Testnet 1 for Streamr 1.0, a critical step towards the completion of its 2017 roadmap and the full readiness of the decentralized network. This first incentivized testnet, starting on 4th December and concluding on 11th December, is the precursor to the release of Streamr 1.0 in February, 2024. 
Key dates and rewards: 
<ul> 
 <li>Streamr Hub 1.0 Release: 28 November&nbsp;</li> 
 <li>Testnet 1: 4 December – 11 December (Reward Pool: 1 Million DATA)</li> 
 <li>Testnet 2: 18 December – 8 January (Reward Pool: 1.5 Million DATA)</li> 
 <li>Testnet 3: 15 January – 29 January (Reward Pool: 2.5 Million DATA)</li> 
 <li>Streamr 1.0 Official Release: February 2024</li> 
</ul> 
New next-gen features in 1.0 
<img decoding="async" src="https://img.cryptopolitan.com/wp-content/uploads/2023/11/snHqAuM23pCK5h_p5HfvLgPHB3u3D0O3Jqe2vaMEL_IZDKcltG_1701182230McyKLRt0Si.jpeg?strip=all&amp;lossy=1&amp;quality=90&amp;webp=90&amp;sharp=1&amp;ssl=1"> 
The 1.0 protocol upgrade will unlock peer-to-peer market forces between Sponsors and Operators of the Streamr Network so that robust distribution can be paid for with the currency of the Streamr Network—<a href="https://streamr.network/data-token/" rel="nofollow noopener" target="_blank">DATA</a>. The big picture is that 1.0 marks the culmination of the 2017 <a href="https://streamr.network/roadmap/" rel="nofollow noopener" target="_blank">roadmap</a>, and means the Streamr Network is fully decentralized, production-ready and complete.&nbsp; 
Streamr 1.0 advancements: 
<ul> 
 <li>New network roles: The Sponsor, Operator, and Delegator. These roles use DATA tokens to participate in the incentive mechanisms.</li> 
 <li>Stream Sponsorships: Smart contracts for managing a stream of earnings distributed among a set of Operators.</li> 
 <li>Advanced network capabilities: replacement of tracker nodes with a globally distributed hash table (DHT).</li> 
</ul> 
Operators, Delegators, and stream Sponsorships&nbsp; 
<a href="https://docs.streamr.network/guides/become-an-operator" rel="nofollow noopener" target="_blank">Operators</a> and <a href="https://docs.streamr.network/streamr-network/network-roles/delegators" rel="nofollow noopener" target="_blank">Delegators</a> are vital to the success of these testnets. Operators, by running Streamr nodes and joining sponsored streams, aid in traffic relay and network performance. Delegators support these operations by providing liquidity in the form of&nbsp;DATA tokens. Successful participants will earn rewards from the 5 million DATA tokens allocated for these three testnets. 
Stream <a href="https://docs.streamr.network/streamr-network/incentives/stream-sponsorships/#the-sponsorship-process" rel="nofollow noopener" target="_blank">Sponsorships</a>, crucial for securing the network, are smart contracts that release funds over time to Operators. This system mirrors service level agreements (SLAs) in traditional networks, ensuring reliable data distribution. 
Users can brush up on how it fits together in <a href="https://blog.streamr.network/breaking-new-ground-with-decentralized-incentivizes-in-streamr-1-0/" rel="nofollow noopener" target="_blank">this blog</a>.&nbsp; 
Enhancements for node operators 
The 1.0 upgrade introduces significant enhancements and changes for node operators of the previous Brubeck network version: 
<ul> 
 <li>Node limits: removed restrictions on the number of nodes per IP.</li> 
 <li>Reward structure: immediate reward claiming from active Sponsorships.</li> 
 <li>Staking freedom: no cap on DATA staking per node, with at least 5% ownership required.</li> 
 <li>Software &amp; addresses: testnet-specific software versions and a streamlined address system in 1.0.</li> 
</ul> 
How to participate in the testnets&nbsp; 
To earn a share of the 5 million DATA tokens, participants will need to <a href="https://docs.streamr.network/guides/become-an-operator" rel="nofollow noopener" target="_blank">become an Operator</a> or a <a href="https://docs.streamr.network/streamr-network/network-roles/delegators" rel="nofollow noopener" target="_blank">Delegator.</a>&nbsp; 
To earn rewards, an Operator’s nodes are expected to 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 incentivized streams.&nbsp; 
The amount of DATA tokens the Operator stakes on the Sponsorship determines the size of their share of the token flow. Other Operators in a Sponsorship are there to share the cake, so overcrowded Sponsorships may not offer the best yields, and some Operators will decide to mine other Sponsorships instead. 
Join the Streamr community 
Streamr invites users to join this monumental journey towards a fully decentralized data economy. Users are encouraged to prepare their nodes for the opportunity to claim a share of the 5 million DATA tokens, participating in the future of decentralized real-time data. 
For support, feedback, and updates, users are welcome to join the <a href="https://discord.gg/gZAm8P7hK8" rel="nofollow noopener" target="_blank">Streamr Discord</a> community, focusing on the #⁠testnet-general and #testnet-announcements channels. 
On Thursday 30th November 15:00 UTC, Streamr will be holding an AMA on <a href="https://twitter.com/i/spaces/1eaKbgoVQRkGX" rel="nofollow noopener" target="_blank">Twitter Spaces</a> on the testnets and 1.0. Participants are invited to add their questions into the <a href="https://discord.com/channels/801574432350928907/1171478844880982106" rel="nofollow noopener" target="_blank">#⁠1.0 Testnet AMA Questions</a> thread on Discord.&nbsp;&nbsp; 
About Streamr 
<a href="https://streamr.network/" rel="nofollow noopener" target="_blank">Streamr</a> is building the real-time data protocol of the decentralized web. This includes a scalable, low-latency and secure P2P Network for data delivery and exchange. As part of the vision, Streamr is building The Streamr Hub, a decentralized chat application, and other dApps to help DePin projects and the world decentralize their tech stacks. The Streamr project was started by real-time data veterans with backgrounds in algorithmic trading and finance markets.&nbsp; 
<h5>Contact</h5> 
Chief Marketing Officer Mark Little Streamr Network media@streamr.network 
Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. <a href="https://cryptopolitan.com/">Cryptopolitan.com</a> is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Streamr Announces the Launch of Testnet 1 for Streamr 1.0 – A New Milestone in the Decentralized Data Economy

Cryptopolitan_News

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