Zug, Switzerland, March 19th, 2024
In an exciting development for the blockchain industry, Streamr has announced the launch of its highly anticipated Streamr Network 1.0 mainnet. This significant milestone marks the completion of the initial roadmap set out in 2017 and officially heralds the arrival of decentralized data broadcasting.
The journey to Streamr 1.0 has spanned over six years of meticulous research and development, three rounds of incentivized testnets, and the successful resolution of a critical technical challenge that once threatened to delay the launch. The mainnet’s introduction signifies the full deployment of Streamr’s $DATA token incentive layer, making it a fully autonomous, decentralized messaging protocol run and operated by its user base.
Key Features of Streamr 1.0
Streamr 1.0 brings several major advancements to the network, including:
- Fully deployed tokenomics: The activation of the $DATA token incentive layer empowers Streamr to operate independently from its development team as a neutral, fully decentralized messaging protocol.
- New network roles: The introduction of Sponsors, Operators, and Delegators unleashes the potential of peer-to-peer market forces in the Streamr ecosystem.
- Stream sponsorships: Sponsors can now fund and create stream Sponsorships, with staked Operators earning rewards by relaying data inside these smart contracts.
- Trackerless network architecture: The transition to a trackerless architecture, which leverages a globally distributed hash table (DHT), enhances efficiency and scalability.
- New benefits for node operators: 1.0 introduces the ability for node operators to accept delegations and earn a portion of Sponsorship rewards, allowing them to maximize their earnings.
Unlocking New Use Cases with Streamr 1.0
The launch of Streamr 1.0 sets the stage for exploring new applications in various areas, such as Decentralized Physical Infrastructure Networks (DePIN), decentralized ai, and decentralized video streaming.
Decentralized Video Streaming
Streamr is experimenting with decentralized live video streaming, testing its capabilities to deliver scalable and stable video feeds to viewers without the need for centralized distribution points. By utilizing the network’s peer-to-peer protocol, viewers can actively contribute to the broadcasting network as they consume the content, optimizing efficiency and scalability.
DePIN
Streamr 1.0 enables DePINs to transition from centralized data pipelines to a fully decentralized network of contributors, taking advantage of the network’s serverless, secure, and scalable framework for broadcasting data between connected devices. This move brings DePINs closer to a truly distributed architecture.
Decentralized ai
Streamr’s 1.0 milestone may revolutionize the field of artificial intelligence by establishing it as a neutral data layer for secure and transparent ai development. With Streamr, ai models can connect, share insights, access real-time tuning data, distribute live content, and collectively enhance their intelligence, paving the way for a more open and verifiable ai ecosystem.
These advancements, coupled with the exploration of new use cases, underscore Streamr’s dedication to pushing the boundaries of decentralized technologies.
About Streamr
Streamr is building the real-time data protocol for the decentralized web. This includes a scalable, low-latency, and secure P2P Network designed for data broadcasting, delivery, and exchange. Streamr’s mission is to empower DePin, ai, and Web3 builders with real-time data flows through its innovative Hub dApp, which champions open data. The Streamr project was founded by real-time data veterans with expertise in algorithmic trading and finance markets.
