Streamr DATAcoin

Streamr DATAcoin (DATA) is an ERC-20 token that powers the Streamr ecosystem, a decentralized platform for real-time data. Streamr provides a complete system for the free and fair exchange of data, which is envisioned to be the backbone of the decentralized web (Web3). The platform includes a real-time data pipeline that can carry data from IoT devices and other sources to applications, a marketplace for data monetization, and a decentralized network for data delivery. Streamr aims to allow people and machines to trade data securely and fairly, with the goal of breaking the data monopolies held by large corporations.

• DATA is an ERC-20 token used within the Streamr ecosystem.

• It is used for payments on the Streamr Marketplace and incentivizing node operation.

• The total supply of DATA tokens is 1,070,323,352.

• The token is used to govern voting within the Streamr project.

As of today #{today’s date}, the price of Streamr DATAcoin is ₹4.78 INR or 0.0543 USD, with a 24-hour trading volume of 10502962.58 USD. The market capitalization for Streamr DATAcoin is 58150101.82USD. The circulating supply is 1080603853 Streamr DATAcoin, with the total supply also being 1142523352 Streamr DATAcoin.

Pros:

• Decentralization

• : Streamr’s decentralized nature reduces reliance on central authorities and single points of failure.

• Real-time Data Transfer

• : The platform is designed for low-latency, high-throughput data transfer, essential for many modern applications.

• Data Monetization

• : Streamr provides a marketplace for individuals and machines to monetize their data.

• Interoperability

• : Works alongside blockchains like Ethereum, Gnosis, and Polygon for identity, security, and payments.

• Community Governance

• : Key decisions are made via governance voting using DATA tokens, promoting a democratic ecosystem.

Cons:

• Market Competition

• : Streamr faces competition from other data management and IoT platforms.

• Adoption Rate

• : The success of the platform is highly dependent on the adoption rate among users and developers.

• Regulatory Risks

• : As with all cryptocurrencies, there is a risk of future regulation that could affect the platform’s operation.

• Technical Complexity

• : The technical nature of the platform may present a barrier to entry for non-technical users.

• Volatility

• : The price of DATA tokens, like all cryptocurrencies, is subject to high market volatility.

• Innovative Data Economy

• : Streamr is at the forefront of creating a new data economy that could revolutionize how data is shared and monetized.

• Growing IoT Market

• : With the expansion of IoT devices, the potential for real-time data exchange and monetization is significant.

• Strong Use Cases

• : The platform has a variety of use cases, including IoT, smart cities, and decentralized applications.

• Active Development

• : The project shows continuous development and updates, indicating an active and committed team.

• Data Sovereignty

• : Streamr empowers users to maintain control over their data, which is becoming increasingly important.

• Decentralized Real-Time Data Network

• : Unlike traditional cloud services, Streamr provides a peer-to-peer network for real-time data without vendor lock-in.

• Data Union Concept

• : Streamr introduces the concept of Data Unions, allowing users to bundle and sell their data collectively.

• Tokenized Data Streams

• : The platform enables data streams to be tokenized, allowing for peer-to-peer data trading.

Streamr addresses the problem of centralized data control by big tech companies, providing a decentralized alternative for data sharing and monetization. It aims to create a more equitable data economy where users have control over their data and can monetize it on their terms.

The Streamr project was started in 2017 by Henri Pihkala, Nikke Nylund, Risto Karjalainen, and Michael Malka. The team comprises around 30 key contributors from companies and individuals worldwide.

The Initial Coin Offering (ICO) price for Streamr DATAcoin (DATA) was $0.0615. The ICO took place between October 12th and October 13th, 2017, during which the project raised $27 million. This ICO price established the initial valuation for the DATA tokens when they were first made available to the public for investment.

• Market Volatility

• : The cryptocurrency market is known for its volatility, which can lead to significant price fluctuations.

• Technological Risks

• : Any bugs or vulnerabilities in the platform could affect the token’s value and utility.

• Competitive Market

• : The data marketplace and IoT platform space are highly competitive, with several established players.

• Adoption Challenges

• : The platform’s success is contingent on widespread adoption by data producers and consumers.

• Regulatory Uncertainty

• : Changes in cryptocurrency regulations could impact the platform’s operation and token value.

The Streamr whitepaper outlines a vision for a decentralized platform for real-time data exchange. It describes the technical architecture, including the Streamr Network, which is a scalable, peer-to-peer messaging system for data transport. The network is designed to be fault-tolerant and secure, with no single point of failure.

The whitepaper details the Streamr Data Marketplace, where data can be traded, and the concept of Data Unions for collective data monetization. It also explains the role of the DATA token within the ecosystem, including its use for payments, node incentivization, and governance.

The document discusses the challenges of current centralized data services, such as vendor lock-in and security vulnerabilities, and how Streamr’s decentralized approach addresses these issues. It emphasizes the importance of data sovereignty and the empowerment of individuals to own and monetize their data.

The whitepaper includes a roadmap for the development of the Streamr platform, highlighting past milestones and future goals. It also covers the technical aspects of the network’s operation, such as data transport, node roles, and the integration with blockchain technology for identity and payments.

Overall, the whitepaper presents a comprehensive plan for building a decentralized data economy that leverages blockchain technology to provide a secure, scalable, and user-centric platform for real-time data exchange.