Measurable Data (MDT) Price, Charts, Market Capitalization
Measurable Data (MDT) Graphics
What is Measurable Data (MDT)?
Measurable Data (MDT) is a cryptocurrency that is designed to incentivize users to share their data in a secure and decentralized manner. It is built on the Ethereum blockchain, which enables smart contracts and decentralized applications to be built on top of it. The MDT token is used to facilitate transactions and reward users for sharing their data with businesses and organizations.
History and Founders of Measurable Data
Measurable Data was founded in 2017 by Ben Jorgensen and Patrick Long. Jorgensen has over 10 years of experience in developing products in the technology industry, while Long is a data scientist with experience in building predictive models for large datasets. The two founders came together to create a platform that could solve the problems associated with data sharing in a decentralized way.
MDT Token and Technology
The MDT token is used as a medium of exchange on the Measurable Data platform. It is an ERC-20 token, which means that it is built on top of the Ethereum blockchain. This allows for fast and secure transactions between users, as well as the ability to build smart contracts that can be executed automatically.
The technology behind Measurable Data is based on a decentralized data sharing network. This network is designed to protect users’ data and privacy while providing businesses with the data they need to improve their products and services. The network uses a consensus algorithm called Proof-of-Data to validate data and ensure that it is accurate.
Measurable Data also provides users with a data wallet that allows them to control their data and decide who can access it. This gives users the ability to monetize their data and earn MDT tokens in exchange for sharing it with businesses and organizations.
Pros of Measurable Data
- Decentralized data sharing: Measurable Data provides a decentralized platform for users to share their data securely and privately, without relying on centralized third-party intermediaries.
- Data ownership: Measurable Data gives users control over their data by providing them with a data wallet that allows them to decide who can access it.
- Monetization of data: Users can earn MDT tokens by sharing their data with businesses and organizations, allowing them to monetize their data.
- Improved data accuracy: Measurable Data’s Proof-of-Data consensus algorithm ensures that the data shared on the platform is accurate and reliable.
Cons of Measurable Data
- Limited adoption: Measurable Data is still a relatively new platform and has yet to be widely adopted by businesses and organizations.
- Regulatory uncertainty: The regulatory environment surrounding cryptocurrencies and data privacy is constantly evolving, which could impact the future of Measurable Data.
- Competition: Measurable Data faces competition from other data-sharing platforms, which could limit its market share.
Market Value of Measurable Data
As of May 5, 2023, the market value of Measurable Data (MDT) is $0.05509 USD, with a market cap of $51,874,080 USD. The total circulating supply of MDT tokens is 942,041,880, out of a total supply of 1,000,000,000 tokens.
Conclusion
Measurable Data is a cryptocurrency that aims to provide a secure and decentralized platform for users to share their data with businesses and organizations. It is built on the Ethereum blockchain and uses a consensus algorithm called Proof-of-Data to ensure the accuracy and reliability of shared data. While Measurable Data has many potential benefits, it also faces challenges such as limited adoption and regulatory uncertainty. Nevertheless, Measurable Data’s unique approach to data sharing could make it a valuable player in the data economy.
How To Buy Measurable Data (MDT)?
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About Measurable Data (MDT)
| Contract |  0x814e0908b12a99fecf5bc101bb5d0b8b5cdf7d26  |
| Website | https://mdt.io/ |
| Explorers | Etherscan,ethplorer |
| Community | Twitter Facebook |
| API idd | measurable-data-token |
1 Measurable Data (MDT) USDC (1 MDT) to USD//Coin) Exchange Calculator
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