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

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) – 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 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…