DATA (Streamr) Token Price & Latest Live Chart

What is DATA (Streamr)?

Streamr represents a groundbreaking approach in the realm of real-time data handling and distribution. Launched in 2017, this decentralized network has positioned itself as a pivotal player in the digital data economy. The core of Streamr's philosophy, "Unstoppable Data for Unstoppable Apps," underscores its commitment to creating an unyielding and scalable infrastructure for data exchange.

At its foundation, Streamr operated as a peer-to-peer (P2P) network, eschewing centralized control in favor of a distributed system. This design choice not only enhances data transmission efficiency but also bolsters the network's resilience against tampering and control. With the capabilities of its native DATA token, the Streamr network facilitates a wide array of functions from data publishing to subscription, catering to diverse applications including smart contracts, IoT devices, and various Web3 applications.

Streamr's technology stack is a sophisticated blend of elements designed for high efficiency in real-time data processing. Key components include a scalable messaging network that functions on a publish/subscribe basis, hosted across a global network of computers. This ensures that data can be transmitted and received with minimal latency which is crucial for applications requiring real-time data feeds. The network's decentralization is further enhanced through its reliance on cryptography over trust. This paradigm shift enables Streamr to offer a secure and transparent platform for data exchange, making it a formidable alternative to traditional, centralized data handling solutions.

How does DATA (Streamr) work?

Streamr functions reveal a complex yet efficiently organized network that underpins its innovative approach to real-time data handling. This decentralized network thrives on the interplay of various types of nodes, each playing a critical role in maintaining the seamless flow and integrity of data within the ecosystem. These nodes work in tandem to ensure that the Streamr network not only efficiently processes and transmits data but also remains secure and resilient against potential disruptions.

・Publisher Nodes: Serving as the primary gateways for data entry into the Streamr network, these nodes can originate from a myriad of sources. This includes anything from applications to IoT devices and external data feeds in order to encompass a broad spectrum of data generators.

・Subscriber Nodes: These nodes act as the recipients of the data disseminated by the publisher nodes. Their role is pivotal in utilizing the incoming data for various purposes ranging from powering sophisticated applications to integrating with smart contracts.

・Operator Nodes: As the backbone of the Streamr network, operator nodes undertake the crucial task of mining rewards. These are essentially contracts or tasks that require the staking of DATA tokens. In return for their computational efforts and contributions to network security, operator nodes are rewarded with DATA tokens, fostering a self-sustaining economic model within the network.

・Delegators: These network participants contribute to the overall stability and security of Streamr by depositing their DATA tokens into the operator’s stake pool. In doing so, they support the network's operational needs and, in return, receive a share of the rewards garnered by the operator nodes from their mining activities.

・Sponsors: Sponsors contribute funds to ensure the smooth running of a stream by depositing DATA tokens into a dedicated smart contract known as a Sponsorship. In simple terms, a Sponsor commits a certain amount of DATA tokens for a specified duration to enhance the reliability and performance of the stream. The Sponsorship contract gradually disburses these funds to Operators who participate in the Sponsorship. It's important to note that a stream can have multiple Sponsors including the Publishers, Subscribers, or an external entity.

The operation system in Streamr, source: Streamr DOCS

The architecture of Streamr is distinguished by its off-chain network approach. This strategic decision sets Streamr apart from other platforms, such as IOTA, by significantly mitigating risks associated with scalability and bandwidth constraints. The emphasis on developing advanced network optimization technologies, as opposed to creating an entirely new blockchain, highlights Streamr's commitment to operational efficiency and adaptability. This flexibility is further exemplified by the platform's capability to migrate to different blockchain systems, like Ethereum, should there be a need to augment its existing functionalities or leverage additional features.

DATA (Streamr) market price & tokenomics

The DATA token, an ERC-20 token on the Ethereum mainnet, serves several key functions within the Streamr ecosystem. Its primary roles include project governance, incentivizing node operators, staking, and handling payments on the Streamr Hub dApp. Notably, the token can be bridged to multiple blockchains like Polygon, BNB Chain, and Gnosis Chain for expanded multichain compatibility. Staking and delegation activities are primarily conducted on the Polygon network.

The Streamr Network adopts a market-driven approach akin to traditional software's freemium and paid plans, with users paying more for superior service. This model mirrors the gas price mechanism on Ethereum, where users bid higher prices for faster transaction processing. On Streamr, users may opt for minimal or no payment for basic service levels, while paying more ensures enhanced robustness and security for their data streams. As of now, DATA (Streamr) is ranked #506 by CoinMarketCap with market capitalization of $51,716,013 USD. The current circulating supply of DATA coins is 1,003,693,853.

Why do you invest in DATA (Streamr)?

Investing in DATA  presents a compelling opportunity for several reasons. Firstly, the platform's innovative approach to real-time data exchange and its decentralized infrastructure position it as a potential leader in the evolving data economy, especially with the increasing relevance of Web 3. The utility and demand for DATA tokens within the Streamr ecosystem, driven by their role in network transactions, governance, and security, could lead to a rise in their value as the platform expands and attracts a wider user base. Additionally, the growing importance of real-time data across various sectors, including the Internet of Things (IoT), smart contracts, and decentralized applications (DApps), underscores the potential market and applicability of Streamr's services. These factors collectively make Streamr an intriguing option for those considering investment in the cryptocurrency and blockchain technology space.

Is DATA (Streamr) a good Investment?

Determining whether DATA is a good investment depends on various factors, including market trends, technological advancements, the platform's adoption rate, and the overall performance of the cryptocurrency market. Potential investors should conduct thorough research, and consider the inherent risks of cryptocurrency investments.

Find out more about DATA (Streamr):

• Homepage

• Explorer: Etherscan, Ethplorer, Bscscan, Polygonscan

• Whitepaper