Insider Scoop: SparkPoint Network Development Update | April-May 2024

Published in

theEcosystem

2 min readJun 11, 2024

We’re thrilled to share the latest advancements in the SparkPoint Network with our community! This development update covers the key milestones achieved during April and May 2024. We’ve been diligently working on expanding the SRK ecosystem, improving network infrastructure, and fostering community involvement.

Key Achievements

Enhanced Functionality and Accessibility: The tSRK Faucet was deployed and bug fixes were implemented on both the SparkPoint Network and Arbitrum Sepolia. This allows users to claim tSRK on these networks with greater ease.
Network Optimization: The SparkPoint Network Testnet received a significant performance boost with its migration from physical hardware to a dedicated VPS. This enhanced speed and reliability paves the way for a scalable and robust network.
Streamlined User Experience: We identified and resolved issues with the public RPC, eliminating transaction failures and ensuring the blockchain explorer remains up-to-date. This provides users with a more accurate and functional network interaction.
Transparency and Community Participation: Public access to NodeKeys and nodes running on the SparkPoint Network Testnet has been granted. This fosters transparency and empowers the community to participate in network validation.
Incentivized Testnet Launch: We’re excited to announce the launch of an incentivized testnet program. Node operators who participate in securing the network will be rewarded with tokens, fostering a strong and engaged community of validators.
New SRK Tokenomics Revealed: Following the migration to the SparkPoint Network, the new SRK tokenomics have been released. Migration will involve SRK ERC-20, SRKb BEP-20, and SFUEL tokens. Full article here.
Building the Future: Development of the Core Node Sale platform and its key smart contract has begun. This marks a significant step towards introducing incentivized node ownership within the SparkPoint Network Mainnet.

What’s Next?

We’re actively working on several exciting initiatives to further advance the Network:

Core Node Sale Launch: We’ll continue development on the Core Node Sale platform and smart contract, aiming for a successful launch in the near future.
Ecosystem Expansion: We’ll explore additional network integrations and partnerships to broaden the reach and utility of the network.
Community Engagement: We remain committed to fostering a vibrant community. Stay tuned for upcoming announcements regarding community events, initiatives, and communication channels.

Conclusion

The SparkPoint Network development team is dedicated to building a robust, user-friendly, and community-driven ecosystem. We appreciate your continued support and are excited to share future advancements with you. Stay connected for the latest updates on our journey!

Learn more about SparkPoint from the following links:

SparkPoint Network Website: https://sparkpoint.network

Trade SRK: https://srk.sh/trade

SRK-ETH on Uniswap: https://srk.sh/uniswap

Our Official Channels:

Developers Community on Discord: https://srk.sh/discord

Telegram Announcements (SparkPoint): https://t.me/sparkpoint

SparkPoint Community on Telegram: https://t.me/SparkPointOfficial

SparkPoint Twitter: https://twitter.com/sparkpointio

SparkPoint Facebook: https://facebook.com/sparkpointio

SparkPoint Instagram: https://instagram.com/sparkpointio

LinkedIn: https://www.linkedin.com/company/sparkpointio