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- Aleo Testnet 3 Incentives
Incentivized Testnet Launch - Provers Excited to announce the start of incentives for Testnet 3, which brings us one step closer to Aleo mainnet and supporting private, decentralized applications. Aleo invites all of community members to participate. Testnet 3 marks a significant advance from Testnet 2. First, it brings a new consensus algorithm, AleoBFT, which combines a proof-of-stake consensus algorithm (based on DiemBFT) with a work-based compensation scheme for provers. Aleo will be releasing more details about AleoBFT in the coming months. But the initial portion of the incentive program will focus on provers specifically. The Role of Provers in AleoBFT What are provers? In zero-knowledge cryptography, we have two interacting parties: a prover that generates a cryptographic proof and a verifier that checks that proof is correct without learning knowledge of its contents. To send/receive assets or interact with an application, a user must generate a zero-knowledge proof. For some use cases, Aleo anticipate some users may outsource the proof generation process to some third-party proving service. It’s important to note that outsourcing proof generation isn’t mandatory in network, as it is in other networks like StarkNet. However, Aleo anticipate an ecosystem of provers emerging on Aleo to support various applications. The beauty of this system is that it maximizes user choice in terms of which parties they choose to trust if any. The Aleo network rewards provers directly from the protocol to bootstrap this ecosystem. In AleoBFT, provers can earn a portion of the coinbase reward for generating proofs like the original PoSW consensus algorithm. However, there are two crucial differences from how proving worked on Testnet 2. Provers DO NOT produce blocks, but they do earn a portion of the coinbase reward from each block. The coinbase reward is not winner-take-all. All the provers who contributed solutions for a given block above the minimum difficulty target receive a pro-rata portion of the reward. The AleoBFT protocol uses a variant of the ASERT difficulty adjustment algorithm (the same as Testnet 2) to calculate two values: the proving target and the coinbase target. Prover solutions are accepted if they are above the threshold of the proving target. Once the sum of prover solutions is greater than the coinbase target, the coinbase reward is shared among provers that contributed valid solutions pro rata. Therefore, AleoBFT prover economics are similar to a mining pool on a traditional proof-of-work network. As a tangible example, let’s imagine three provers: Alice, Bob, and Charlie. Let’s assume the coinbase target is 1024 and the proving target is 8. Let’s imagine for a 15-second period where one block is produced that: Alice calculates and submits 80 PoSW proofs that are at least the proof target value of 8, for a total score of 640 (62.5% of the total) Bob calculates 32 PoSW proofs that are at least the proof target value of 8, for a total score of 256 (25% of the total) Charlie calculates 16 PoSW proofs that are at least the proof target value of 8 for a total score of 128 (12.5% of the total) Alice, Bob, and Charlie would each receive a pro-rata portion (62.5%, 25%, and 12.5% respectively) of the coinbase reward for that block. Calculating the Block Reward We can calculate the coinbase reward according to the following formula: R_coinbase = max(0, H_Y10 - H) * R_anchor * 2^(-1 * (D - B) / B). R_anchor = Anchor reward. H_Y10 = Anchor block height at year 10. H = Current block height. D = Time elapsed since the previous block. B = Anchor block time. So the starting Aleo token supply will expand via the coinbase rewards for about a decade, and they will decrease linearly by block over that timespan. They release an updated mainnet tokenomics blog post soon with more details. This same emission curve is in effect during the Testnet 3, with the genesis block being created on November 6, 2022. They will not reset the network at the start of the incentive period. So block rewards will be calculated during the incentive period based on the height of the network at the start of the incentive period (see below). Token Awards for the Incentive Period Aleo have set aside 25M Aleo credits for Testnet 3 incentives. Prover incentives account for 30% or 7.5M credits. Credits earned during the prover incentive period will be redeemable for Aleo credits at mainnet launch at a rate of 5:1. That is, every five Aleo credits earned during the prover incentive period is redeemable for a single Aleo credit at mainnet. The prover incentive period will run from December 2, 2022, at 0000 UTC to January 26, 2023, at 2359 UTC, or until the network has emitted 7.5M credits, whichever comes first. If the 8-week period has elapsed, and less than 7.5M credits have been emitted, the Aleo team reserves discretion on how to allocate the remaining credits. If you were running a prover node prior to the start date, and are NOT using the provided scripts, please make sure you reset your node; otherwise you will not be able to earn incentives. Conclusion The Aleo team will be monitoring prover activity during the incentive period to identify anyone who may be trying to cheat the system. If you do not follow the guidance of Aleo announcements, you will not receive rewards, and in general, the Aleo team reserves the right to withhold rewards from any individual for any reason. Please note that these credits will likely be distributed at the time of mainnet launch. They are to be used as a payment mechanism for services on the Aleo mainnet. They are not investments or investment vehicles, and they should not be treated as such; their value is simply in their utility for mainnet functionality. By claiming your rewards, you represent, warrant, and acknowledge that you are: not acquiring Aleo Credits as an investment and have no expectation of economic benefit or profit as a holder of Aleo Credits; not relying on Aleo or any of its employees or representatives in any way; not acquiring any equity or other ownership interest in Aleo by virtue of owning Aleo Credits; not misrepresenting Aleo Credits as an investment or an opportunity to obtain an economic benefit or profit. As with Testnet 2, the purpose of this public Testnet is to validate the technical architecture and security of the blockchain in a setting that is as realistic as possible. Aleo has already undergone several security audits, but we believe a large part of what makes decentralized consensus work is through intrinsic economic incentives. To learn more about running a node and participating in the Testnet 3 incentive program, check out snarkOS repository on Github.
- WormholesChain Public Testnet Reward Description
Why are there 21 addresses with very large stake❓ At present, 8 validators with huge stake volume are officially deployed and distributed in 8 different countries around the world. The purpose of large-scale stake is not to divide the incentives of the community, but to consider that the unstable online rate of many nodes in the testnet will lead to reduce the efficiency and stability of the entire network. For example, if more than 4 of the 11 nodes in each consensus are not online, it will lead to an empty situation. It takes a few minutes to conduct a consensus on the entire network. Wormholes believes that it is unfriendly for the entire network. So 21 large validators are staked to keep the network efficient and uninterrupted. Why don’t many validators get rewards❓ Because the DRE algorithm is a random selection of placement points, many validators may not be able to get rewards immediately when they enter the network. This needs you to read DRE consensus algorithm introduction carefully. As long as you maintain a stable online rate, you will have the opportunity to acquire block rewards. The income of validators with the same stake volume may also be different, which depends entirely on the characteristics of DRE. This has a certain relationship with 8 addresses with excessive stake volume. They only do this to ensure network stability. They will not plunder the interests of the community, Question 3 and 4 will tell everyone how to ensure relative fairness. What mechanism will Wormholes use to balance the infrastructure community❓ The revenue generated by the official 8 high-stake validators will all be used for the construction of low-energy infrastructure communities. Wormholes will distribute all the output revenue to the validators who maintain the online rate, so that these can contribute to the network. Validators can increase the stake amount to obtain better block incentives. This cycle will be around 5 to 10 days. There will be the statistics of the online rate, and all nodes that contribute to the network and remain online will be distributed evenly according to the statistic results. Although DRE is a relatively fair random algorithm, the more stake, the higher the number of participating consensus will theoretically be obtained. The random placement is a very important factor as well. Test reward rules: 1️⃣According to the DRE+POS consensus algorithm, each block has 11 nodes participating in the final consensus, 7 nodes of them will acquire 7/11 reward of the mainnet, and there are 0.11 ERB rewards for every node each time, the more times they participate in the final signature, the more reward they will get. About DRE consensus algorithm, please refer to this link: DRE Dynamic Random Election Algorithm — The Perfect Complement to PoS As a multi-layer and multi-dimensional public chain, Wormholes has from the beginning sought the optimal solution to… medium.com 2️⃣The block rewards obtained by all nodes participating in the public testnest during the test process will become the only certificate for the exchange of mainnet assets. Regarding the asset exchange ratio, Wormholes will divide it into 3 levels according to the online rate of node. Assuming the lowest level of exchange ratio is A, then the exchange ratio of the second level is A*2, and the exchange ratio of the first level is A*3, so keeping online is the core criterion for getting more mainnet rewards. About the final reward for validators❗ Because all the nodes participating in the test will issue 70000ERB by default, due to the high randomness of the DRE algorithm, some validators will have relatively high rewards, some will have relatively low returns, and even in extreme cases, some nodes will have no income for the time being. For the nodes that have no income after the whole test period, Wormholes will compensate according to the income of the lowest node in the whole network, provided that your validator must be online all the time. If you stay online all the time, this very extreme situation is almost impossible to occur. How long will the test take? How will the final reward be exchanged for mainnet assets❓ The entire public testnet will be conducted for a minimum of 3 months, and all validators participating in the test will exchange the final mainnet assets according to the accumulated block rewards. The proportion of assets will be divided into 3 levels according to the online rate of the validator. For example, the proportion of the lowest level of online rate is A, then the proportion of the remaining two levels is A*2 and A*3, so as to ensure the high level of the entire network. The online rate achieves high stability and continuous high TPS trading experience. The most important thing in the testing phase of WormholesChain is the online rate of the validator. 🎯Follow along for updates: Website |Twitter|Explorer|Github|Discord|Instagram|YouTube
- Gitopia Testnet is now live!
Gitopia Testnet is now live for the community. In the coming weeks, Gitopia will launch subsequent versions of their Testnet, providing enhanced features and additional collaborative workflows to the developers. Go to https://testnet.gitopia.com/ to try out Testnet App! Currently, developers would be able to perform the following activities on the Testnet Create wallets to store their code on Gitopia Blockchain Create new repositories on Gitopia blockchain Create issues to keep track of tasks, enhancements, and bugs for your projects. Create organizations Gitopia explorer to view all the transactions on the blockchain Claim free LORE to get Testnet tokens for performing actions on Gitopia Testnet To get more information on how to get started visit docs -> https://docs.gitopia.com/ Screenshot of Gitopia WebApp Beta!Note: 1. The product is in beta. Any changes you make will not persist and may reset during the subsequent versions of the Testnet 2. All code hosted on Gitopia blockchain will be public and visible to all Upon launch of Gitopia Mainnet, developers can take benefit of the following features planned in roadmap: Permanent storage: By leveraging blockchain technology, Gitopia provides its users with permanent storage for their git repositories Decentralized: Gitopia will have a decentralized network of validators and stakers to govern and secure the platform. There will be no central authority in Gitopia Governance: In Gitopia, all the platform-related decisions will be taken with the community’s involvement transparently. They can vote on proposals and help shape the future of Gitopia Censorship Resistant: There is no central authority that can take down any repository on Gitopia. Instead, the community decides the content policies and is responsible for platform moderation No Single Point of Failure: There will be no disruption of service in Gitopia due to the usage of a decentralized network. The decentralized network of Gitopia will provide high availability and a stable network Secure: The repositories on Gitopia will be secured by public-key cryptography and thus resistant to unauthorized usage and hacking Transparent: The source code of Gitopia will be open source, and hence its workflows are out in the open for other developers to inspect Users will be stakeholders of Gitopia and will get incentivized when the Gitopia platform grows Open-source incentivization: Open-source incentivization will be integrated into the Gitopia workflow. It will be designed to motivate open-source developers to contribute to open-source projects actively Interoperable: Gitopia will be integrated with the Cosmos IBC layer (Inter-Blockchain Communication) to establish interoperability between Gitopia’s application layer and various other blockchains that are interoperable with the Cosmos IBC Call for Feedback Gitopia is always looking for feedback to improve it. Help them build the best possible product and tell them how you liked Gitopia & what they can improve: Telegram: https://t.me/Gitopia Discord: https://discord.gg/K4aHujXx Bug Reports This is a beta release. Bugs can happen. Report the bugs by creating issues in the Gitopia repository. Please make sure to add appropriate labels like #bug, #enhancement, etc while posting. Create the issues by following the link below: https://testnet.gitopia.com/gitopia1dlpc7ps63kj5v0kn5v8eq9sn2n8v8r5z9jmwff/gitopia-web/issues About Gitopia Gitopia is the next-generation Decentralized Code Collaboration Platform fueled by a decentralized network and interactive token economy. It is designed to optimize the software development process through collaboration, transparency, and open source incentivization. Follow Gitopia Website : https://gitopia.com/ Whitepaper: https://gitopia.com/whitepaper.pdf Telegram: https://t.me/Gitopia Discord : https://discord.com/invite/mVpQVW3vKE Twitter : https://twitter.com/gitopiaDAO
- Massa incentivized testnet is live!
After working around the clock to deliver a working version of the testnet, the Massa team is proud to announce it is now live! Everyone can now run a node. This is a busy summer for Massa. The team has been raising funds since July through early investors interested in the project, and has been awarded the i-Lab 2021 price on July 8th (by Bpifrance). But it also has been building its testnet to deliver it as soon as possible. The testnet now allows everyone to run a node, with low tech requirements. People can stake (create blocks) and perform transactions. For anyone running a testnet node, an incentive is being set up, that will reward you with mainnet Massa coins when the mainnet is live. In the meantime, while the community starts giving feedback, playing around, trying to find glitches, the team will improve this early version of Massa, and start developing the smart contract engine. This is only the beginning of the adventure, but the testnet step is a critical one in order to give a first taste of the tech to the community, followers, backers, investors, as well as to improve every part of the code for the future mainnet while gathering feedback to be able to build smart contracts & the best features on top of it. Useful Links: Testnet explorer: test.massa.net Source code and tutorials: github.com/massalabs/massa Telegram: t.me/massanetwork Discord: discord.com/invite/TnsJQzXkRN Reddit: reddit.com/r/massa/ Youtube: youtube.com/channel/UChVfdvYpn0eFk4B-T7TGmOg All releases & changelogs from all versions
- Minima IncentiveCash Program Launch
Minima IncentiveCash Program that rewards users for running and maintaining a complete node on the Minima network. As they test and improve Minima ahead of Mainnet launch, working collaboratively is key to perfecting the Minima application and protocol. This is why excited for people to be part of building the network, testing how devices operate, and finding bugs. In return for collaboratively working together with Minima, users on the IncentiveCash Program will earn one Minima coin each day with their balance updated weekly. All earned coins will be issued at the Token Generation Event, currently scheduled to be in Q2 2022. The reason behind the IncentiveCash Program is core to our philosophy at Minima. Minima believes that to create the most robust, secure, and scalable network, everyone involved must play an equal part. To do this, Minima has made it far easier to run a complete (validating and constructing) node than any other blockchain. People can start running a node via a simple app download, using up no more space or energy than a regular messaging app. Minima’s ease of adoption will drive the node count which is directly proportional to the resilience and scalability of the network. Having a few hundred, or even a few thousand nodes, does little to reduce the risk of an attack. Having centralized actors such as separate miners, producers, and validators, limits the speed, scalability, and security of what’s truly possible with blockchain technology. That’s why their ambition to build a completely decentralized blockchain, with exponentially greater volumes of nodes than any other, requires the involvement of everyone. The IncentiveCash Program is currently invite-only in minima community Discord and Telegram group, but a waiting list will be active in the future for anyone to join. In terms of equipment, IncentiveCash Program users will need an Android mobile (9.0 or above), PC, Mac, or Linux. Minima currently doesn’t run on iPhone/iOS, but this is on future roadmap. For more information, please visit: https://minima.global/incentivecash-program