Streamr (DATA) Price, Charts, Market Capitalization

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What is Measurable Streamr (DATA)?

Streamr (DATA) is a decentralized platform for real-time data that enables users to share and monetize their data. It aims to democratize data and empower users to take control of their own data. Streamr was founded in 2017 by Henri Pihkala, Nikke Nylund, and Risto Karjalainen. The team is based in Switzerland and Finland.

History and Purpose:

The Streamr project started with a mission to build a real-time data infrastructure that would enable data to be shared and monetized in a decentralized and secure manner. The team realized that there was a need for a decentralized platform that would enable users to share data in real-time without relying on centralized intermediaries. The Streamr platform was built to address this need.

The Streamr project was launched through an Initial Coin Offering (ICO) in October 2017, which raised over $30 million worth of ETH within 25 hours. The Streamr platform was officially launched in May 2018.

Technology:

Streamr uses a combination of blockchain technology and off-chain peer-to-peer (P2P) networking to provide a decentralized platform for real-time data. The Streamr platform is built on Ethereum blockchain and uses smart contracts to enable users to share and monetize their data. The platform also uses off-chain P2P networking to enable real-time data sharing without relying on centralized intermediaries.

The Streamr platform has three main components: the Streamr Network, the Streamr Marketplace, and the Streamr Core. The Streamr Network is a P2P network that enables real-time data sharing. The Streamr Marketplace is a decentralized marketplace that enables users to buy and sell data. The Streamr Core is a set of open-source tools that developers can use to build decentralized data applications.

Advantages:

Streamr offers several advantages over traditional data sharing platforms. Firstly, it provides a decentralized platform that enables users to share data in real-time without relying on centralized intermediaries. This makes it more secure and less prone to data breaches. Secondly, it provides a marketplace for users to monetize their data, which can be an additional source of income for users. Thirdly, it provides a platform for developers to build decentralized data applications.

Drawbacks:

Streamr is still a relatively new platform, and it faces several challenges. Firstly, the platform is still in the early stages of development, and it may take some time before it becomes widely adopted. Secondly, the platform faces competition from other blockchain-based data sharing platforms. Finally, the success of the platform depends on the adoption of the platform by users and developers.

Market Value:

As of May 2023, the market capitalization of Streamr (DATA) is around $300 million, with a circulating supply of around 760 million DATA coins. The price of the coin is around $0.40 USD.

Conclusion:

In conclusion, Streamr (DATA) is a decentralized platform for real-time data that enables users to share and monetize their data. It uses a combination of blockchain technology and off-chain P2P networking to provide a secure and decentralized platform for data sharing. The platform offers several advantages over traditional data sharing platforms, including increased security, a marketplace for data monetization, and a platform for developers to build decentralized data applications. However, the platform also faces several challenges, including competition from other blockchain-based data sharing platforms and the need for wider adoption by users and developers.

How To Buy Streamr (DATA)?

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About Streamr (DATA)

Contract	0x8f693ca8d21b157107184d29d398a8d082b38b76
Website	https://streamr.network/
Explorers	Etherscan,ethplorer
Community	Twitter Facebook
API idd	streamr

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