What is Streamr? Streamr is a blockchain project that aims to make it possible for users to create datasets. In this article, you can find answers to questions such as what Streamr is, what it offers, how to get DATA coin, what it is used for. As Kriptokoin.com, we have prepared it for you.
What is Streamr? What does the project offer?
Streamr is an on-chain network focused on data adaptation and exchange. It is open source and decentralized. It uses smart contracts to enable users and algorithms to exchange data over the network. The platform is built on the Ethereum Blockchain and has a native cryptocurrency called DATA coin. The project aims to eliminate the centralized structure and insecure intermediaries in the data industry.
Users of the Stream Network network can share data without the need for any infrastructure. Users who share data are rewarded. Users can share these rewards with other network participants. The system is designed to transform the individual data it obtains into secure datasets and enable their trade.
The network has several tools for the data ecosystem. The platform has a real-time messaging network, a marketplace for data trading, and tools for working with real-time data. Users only need to share data to earn rewards. In this respect, the platform offers risk-free earnings. In addition, the network, which has very low transaction fees, performs transactions very quickly. The project, which was crowdfunded in 2017, has the vision of web3.
What is a DATA coin? What is it used for?
DATA coin is an ERC-20 token that works as the native cryptocurrency of the Streamr platform. The asset is transacted with smart contracts. Users can earn income from data through DATA. The DATA coin has various use cases, such as performing micropayments, rewarding users for sharing data on the network, incentivizing network nodes.
In addition, products in the platform’s data market are also traded with tokens. At the time of writing, it was trading at $0.07686 with a market valuation of $59 million. The fact that the coin is an ERC-20 token can contribute to its adoption and popularity.
How to get DATA coin?
Investors interested in the Streamr project are looking for ways to invest in DATA coin. DATA is listed by crypto exchanges such as Binance, Uniswap, and Bitexen. Users who are members of one of these exchanges can place a DATA token purchase order by depositing money into their wallets.
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