Streamr DATAcoin Price Chart Update [DATA]

The DATA price update as of now is $0.05337. In the previous 24 hours, its trading volume was $3,674,519, and its value has decreased by -4.62%. As of now, DATA's live market cap is $36,142,709, and it is ranked as the #528 on the Coincu. DATA has a circulating supply of 199,234,604 and a maximum supply of 199,234,604.

Streamr DATAcoin: Revolutionizing Data Exchange and Monetization

Streamr DATAcoin, also known as Streamr (DATA), is more than just a cryptocurrency. It is a decentralized platform and open source project that utilizes cryptography to create trustless transactions. At its core, Streamr (DATA) serves as a real-time data infrastructure and peer-to-peer network, providing a robust platform and comprehensive tools for a new data economy.

In 2017, Streamr (DATA) was crowdfunded with the ambitious goal of developing a decentralized infrastructure and data economy. The project's mission "Unstoppable Data for Unstoppable Apps" has been the driving force behind its development. Streamr (DATA) tokenizes real-time information, making it accessible on their marketplace and data unions. This protocol is specifically designed for DApps (decentralized applications), IoT (Internet of Things) devices, and plays a vital role in the concept of Web 3.0.

Creating a Comfortable and Prosperous Information Market

The primary objective of Streamr DATAcoin is to establish a comfortable and prosperous information market. This is achieved through the creation of a user-friendly data exchange network. Supported by nodes distributed worldwide, the decentralized pub/sub network enables participants to earn DATA tokens in exchange for providing bandwidth and validation.

One of Streamr's major competitive advantages lies in its off-chain network, which mitigates scalability and bandwidth issues often encountered by similar services such as IOTA. Instead of developing a specific blockchain, the Streamr team focuses on optimizing network technologies. If necessary, the platform can seamlessly transition to another blockchain.

The Visionaries Behind Streamr DATAcoin

Streamr Network AG, the legal entity responsible for implementing the protocol, was established in Switzerland in 2017. The Streamr open source team comprises highly skilled programmers, financiers, and software developers spread across different time zones.

Henri Pihkala, the founder and CEO of Streamr, brings a wealth of expertise to the project. Holding an M.Sc. in Computer Science from Helsinki University of Technology, Pihkala possesses over 10 years of experience in freelance IT consulting and specializes in real-time data processing software development. His previous positions include working at RIQ Yhtiöt Oy, Hedgehog Oy, and serving as the founder and CTO of Unifina and Data in Chains.

Risto Karjalainen, the founder and COO of Streamr, holds a Ph.D. in decision sciences from The Wharton School of the University of Pennsylvania. Before joining Streamr, Karjalainen worked as a quantitative analyst at Buchanan Partners Limited, JP Morgan, and Wadhwani Capital Limited. Additionally, he served as an investment portfolio manager at Merril Lynch and Estlander & Partners. Karjalainen's passion for real-time data and decentralized computing fuels his contributions to the project.

Nikke Nylund, the co-founder and director of business development, is a successful serial entrepreneur. Nylund has played a pivotal role in founding and growing companies such as Quartal Flife, Quartal Financial Solutions, and Quartal Content Management. These companies were later acquired by Investis Ltd, KMU Capital AG, and Satama Plc, respectively.

Michael Malka, the head of Streamr Labs, possesses a computer science background from the University of Helsinki. With over two decades of experience in the software industry, Malka has held various positions ranging from developer to CEO. His previous employers include Bitwise Oy, RTSe, Quartal, and he served as the CTO and subsequently CEO at Sujuva.

The Unique Features of Streamr DATAcoin

Streamr DATAcoin distinguishes itself as a project that focuses on seamless data exchange and monetization. It operates as a peer-to-peer (P2P) network for real-time data running on the Ethereum blockchain. This implementation enables the use of smart contracts to facilitate the exchange process effectively.

The broker nodes, the network's key element, follow a publish/subscribe pattern. These nodes receive data from providers, known as publishers, and transmit it to consumers. Sponsors, who can also be publishers, contribute DATA tokens to a smart contract called a Bounty, ensuring the smooth operation of the data stream. Broker nodes mine Bounties to secure the data flow, which is then relayed to subscribers through publisher or broker nodes.

Streamr DATAcoin boasts the Streamr Stack, a meticulously organized complex that encompasses several technologies developed to optimize the Streamr ecosystem. This consists of smart contracts for optimizing participant relationships, the Streamr Editor for programming tools, the Streamr Engine for data analysis and processing, the Data Market for data transmission, and the Streamr Network for seamless data transfer.