Big Data Protocol (BDP) Price, Charts, Market Capitalization

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What is Big Data Protocol (BDP)?

Big Data Protocol (BDP) is a decentralized data exchange protocol that uses blockchain technology to enable secure and transparent data sharing and monetization. It aims to address the issues of data centralization and lack of privacy by providing a peer-to-peer network where data can be exchanged without intermediaries.

History:

The Big Data Protocol was founded in 2018 by Ryan Rifkin and Kyle Wang. Rifkin has a background in finance and investment, while Wang has experience in the blockchain industry. The BDP protocol is built on the Ethereum blockchain, and it uses smart contracts to enable secure and transparent data sharing.

Purpose:

The primary purpose of the BDP protocol is to democratize access to data by allowing data providers to share their data directly with consumers in a secure and transparent way. The protocol also allows data consumers to monetize the data they purchase by reselling it or using it for research purposes.

Advantages:

The BDP protocol provides several advantages over traditional data exchange platforms. First, it eliminates the need for intermediaries, such as data brokers, which can reduce the cost of data exchange. Second, it provides data providers with greater control over their data, allowing them to choose who has access to it and how it is used. Third, it enhances data privacy by using encryption and other security measures to protect data.

Disadvantages:

One of the major disadvantages of the BDP protocol is that it is still a relatively new technology and has not yet been widely adopted. This can make it challenging for data providers and consumers to find each other on the platform. Additionally, the BDP protocol is built on the Ethereum blockchain, which can be slow and expensive to use during periods of high network activity.

Technology:

The BDP protocol is built on the Ethereum blockchain and uses smart contracts to facilitate data sharing. It also uses a decentralized data storage network called IPFS (InterPlanetary File System) to store and distribute data. The protocol uses the BDP token as its native cryptocurrency, which is used to pay for data and other services on the platform.

Market Value:

As of May 2023, the market value of BDP was approximately $300 million, with a circulating supply of 1 billion BDP tokens. The token is listed on several major cryptocurrency exchanges, including Binance, KuCoin, and Gate.io.

In conclusion

Big Data Protocol is a decentralized data exchange protocol that aims to democratize access to data and address the issues of data centralization and lack of privacy. Although it is still a relatively new technology, it has several advantages over traditional data exchange platforms, including lower costs, greater control for data providers, and enhanced data privacy. However, it also has some disadvantages, including the challenge of finding users on the platform and the high cost of using the Ethereum blockchain.

How To Buy Big Data Protocol (BDP)?

Do you want to plunge into the world of cryptocurrencies and know where to buy How To buy Big Data Protocol (BDP) ? The largest exchanges currently trading with How To Buy Big Data Protocol (BDP)? Kucoin , Gate.io  Binance and . You can find other exchanges that make listings.

About Big Data Protocol (BDP)

Contract	0xf3dcbc6d72a4e1892f7917b7c43b74131df8480e
Website	https://bigdataprotocol.com/
Explorers	Etherscan,ethplorer
Community	Twitter Facebook
API idd	big-data-protocol

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