What Is Streamr DATA Coin?
Streamr (DATA) is an open-source project and decentralized platform that relies on cryptography instead of trust. It is a P2P, real-time data infrastructure that houses a platform and tools for a new data economy. The technology stack includes a scalable real-time messaging network (pub/sub) hosted on computers worldwide, a marketplace for trading/selling data and a set of tools for working with real-time data.
The tasks of Streamr DATA coin include creating a comfortable and prosperous information market, which is built on the basis of a data exchange network that is convenient and understandable for users. How it works: the decentralized pub/sub network is supported by nodes around the world, who earn DATA tokens in exchange for the bandwidth and validation they provide.
Streamr – Decentralized Platform For Data Sharing
Streamr is an internet-based, crowdfunded, open-source platform for instant real-time data from any source. At its core is the Streamr network, which broadcasts streams of micro-transactions from third-party data providers to subscribers, looking like a worldwide subscribe-to-subscribe message service. The subscriber’s browser is equipped with the necessary software/programming language to connect to the network and start subscribing to micro transfers. Subscribers are paid by the minute and receive notifications whenever there is a transfer in progress, thus eliminating the need to maintain subscriptions in a list of numbers. Instead, Streamr encourages automatic and continuous subscription, both by the sender and receiver.
By creating a real-time marketplace where all data is accessible in real-time, it provides a competitive advantage over other streaming data services. With an optimal mix of open source programming languages and a low cost of ownership, Streamr has the potential to build a decentralized infrastructure of independent data publishers who collectively manage the performance and transfer of numerous streams. As a result, Streamr offers the potential to securely monetize a wide range of user IP addresses, allowing advertisers to create personalized advertising packages tailored to their specific audience. This provides significant cost savings since there is no need to purchase separate servers to host and manage the infrastructure.
The advantages of building a real-time marketplace where real-time transfers are instant and completely customizable are many. With Streamr, you can focus on your core business processes, while the network infrastructure takes care of delivering micro-transactions instantly. Streamr also uses its p2p networking mechanism to create a fully secured and safe decentralized platform, while still providing access to the marketplace for users. With a fully customizable backend, you can tailor Streamr to suit your specific needs, including offering both subscription and pay-per-sale options to your members. Since there is no limit on the size of your subscription, the possibilities for earning revenue are limitless.
