Hello Dex Lovers, this time we are learning about Testnet, Incentives and Testnet Objectives, please read and understand Dex Lovers.
Proof-of-Stake (PoS) blockchains have become increasingly popular in recent years, evidenced by (1) Ethereum's transition from a Proof-of-Work blockchain consensus mechanism to PoS, (2) the growing Cosmos ecosystem (L1 PoS appchains), and (3) another new L1 PoS on the rise ( #Aptos , #Sui )
Given that the PoS consensus mechanism relies on a network of validators, this presents two main challenges for projects when launching their network:
Internal testing provides minimal value if the network relies on a decentralized set of external stakeholders that consensually
Nodes can be expensive and require great skill and effort to maintain As a result, this trend has contributed to the emergence of an incentivized testnet — first pioneered by Cosmos in their Game of Stakes program — as a mechanism to test blockchains in a decentralized and risk-reducing way before officially rolling out core functionality
So, what exactly is an incentivized testnet, how is it typically structured, and what are the key considerations for running a successful program?