Dusk Network to launch rolling Incentivized Testnet activities
Community Node campaigns will reward involvement.
As Dusk Network’s protocol evolves towards the next phase of Testnet,
unique opportunities arise for those passionate (and savvy) enough to
get involved in the process. The rolling Incentivized Testnet will be
accompanied by a multitude of initiatives, each adding to the security
of the network and opening the doors to compensation for participants
but also educating the community on what is required to be a participant
within the Dusk Network protocol. If you’re looking to spend your time
strengthening the financial framework of the future while racking up
rewards, keep reading to find out more.
Rolling Incentivized Testnet: The Shape of Mainnet
Rolling Incentivized Testnet is a sign of things to come; a crash test
dummy version of the final mainnet. Its sole purpose is to be pushed to
its absolute limits, every nook and cranny patched and rendered
waterproof to prevent any unwanted behavior, incompatibilities, or
openings for exploitation. This testnet is the mold that dictates the
shape of our mainnet. There can be no room for errors. That’s where the
incentivization comes in.
A campaign such as the one mentioned below is part of the incentives
that ensures testnet is properly stress tested. It represents an
invitation for all those who are technically inclined to go in and set
up their first Provisioner Node on our testnet. Furthermore, it is an
opportunity for long-term supporters to actively participate in the
security of our testnet by running a provisioner, thereby verifying
blocks as they’re created.
The activities outlined in this post will be the bedrock for the launch
of our Incentivized Testnet, but they are not the end of the story!
Expect more opportunities, like Learn 2 Earn campaigns, hackathons, and
bug bounty programs in the later stages of the Dusk Network rolling ITN.
Community Node Campaign
The launch of the rolling ITN will positively impact our testing KPIs,
our efficiency in disseminating upgrades to our protocol, and even the
fairness of our token distribution. We believe that the introduction of
incentive mechanisms consistent with our mainnet will ultimately benefit
the consensus timelines and educate the community.
Who can participate?
To be able to participate in the first phase of our rolling ITN, a
technical understanding of running and setting up nodes is required. A
step-by-step guide is provided below to get you started!In addition to
technical knowledge, there are also some hardware requirements to run a
node. To successfully run a node the following basic specs are required:
- (Virtual) CPU
- 20GB HD space
- 1 GB RAM minimum
The node can be set up on a basic server (eg. DigitalOcean or Vultr) or
a home setup.
How do we define an eligible participant?
To be eligible to receive part of the 100k $DUSK Reward Pool,
participants will have 2 weeks after this announcement(grace period) to
set up a Provisioner Node and have it up and running before December
1st. From then up until December 31st, the node will have to be running
for a minimum of 75% of the time, to be eligible to accumulate rewards.
Rewards will be calculated after this period and distributed to the
wallet address provided by the node operator.
Timeline
The grace period for the first iteration will be 2 weeks, this means
participants will have 2 weeks to set up their node. To provide all
participants with an equal chance to earn a part of the reward pool,
during this grace period no rewards will be allocated. The period over
which the rewards are calculated starts on December 1st, 2022 and will
last until December 31st, 2022. After this period, we will share the
results of this first phase and use the findings to further improve the
network.
Node decentralization phase I:
The focus of Phase I is to educate community members on how to operate a
node, start building up a knowledge base and discover any weakness in
our current stack.
Reward Pool: 100k $DUSK.
Reward Distribution: Spread over all eligible participants.
Duration: 6 weeks total, 2-week grace period, 1 month run time
(December)
Goal: 100 node operators.
Timeline: The onboarding period is from November 15th to November 30th,
nodes need to be active from December 1st to December 31st.
Node decentralization phase II:
Phase II emphasizes all technological advances we’ve made over the last
year and continues our education and improvement cycle.
Reward Pool: 100k $DUSK or more.
Reward Distribution: Spread over all eligible participants.
Duration: 6 weeks total, 2-week grace period, 4-week run time.
Goal: 250 node operators.
Timeline: TBA.
Node decentralization phase III:
During Phase III we want to test our economic model in a less controlled
environment that is close to mainnet in design. Stakes on Ethereum will
give an equivalent amount issued on this testnet. The rewards
accumulated during this phase will give provisioners (relative)
equivalent amounts on Ethereum. This will open the way for many
strategies to be applied on this testnet that will see users optimize
their strategy to earn as much Dusk as possible in this phase.
100 Node-Operators
Achieving the goal of having 100+ node operators will make Dusk Network
TestNet more decentralized than 50% of all current up-and-running
networks in the world. This marks another big step towards the
decentralization of Dusk Network.