Streamr XDATA XDATA Price

What is Streamr XDATA (XDATA)?

Streamr (DATA) emerges as a distinctive player in the realm of decentralized data exchange, leveraging an open-source blockchain platform to redefine the dynamics of real-time data sharing. Let's objectively explore the key features that set Streamr apart and its potential impact on the evolving landscape of decentralized technologies.

1. Core Mission and Crowdfunding:

Founded in 2017, Streamr (DATA) is driven by the mission to establish a decentralized infrastructure for a robust data economy. The project was successfully crowdfunded, emphasizing its commitment to creating an ecosystem for "Unstoppable Data for Unstoppable Apps."

2. Leadership and Expertise:

Led by CEO Henri Pihkala, Streamr's leadership comprises skilled professionals spanning various domains. The team, distributed across time zones, includes COO Risto Karjalainen, Director of Business Development Nikke Nylund, and others. Their collective expertise in software development, IT consulting, and quantitative analysis positions Streamr as a project with diverse skills at its core.

3. Decentralized Pub/Sub Network:

Streamr operates as a peer-to-peer network for real-time data exchange, utilizing Ethereum's blockchain for transparency and security. The architecture relies on broker nodes to facilitate the publish/subscribe pattern, ensuring data flows seamlessly from publishers to consumers. The decentralized approach aims to address scalability concerns and enhance network security.

4. Streamr Stack:

The Streamr Stack serves as the foundational complex supporting uninterrupted data transmission. It includes smart contracts for market optimization, the Streamr editor for programming tools, the Streamr engine for data analysis, the data market as a transmission platform, and the Streamr network for data transfer. This modular approach provides users with a comprehensive toolkit for creating, sharing, and consuming data streams.

5. DATA Token:

Central to Streamr's ecosystem is the native token, DATA, based on the ERC-20 standard. This token governs the project, incentivizes network participation, and facilitates stake delegation on broker nodes. Its role in compensating both data producers and consumers contributes to the tokenized exchange of real-time information within the Streamr ecosystem.

6. Evolution and Migration:

Streamr's commitment to adaptability is evident in its decision to upgrade DATA tokens in mid-2021, with old tokens renamed to XDATA and new tokens using the symbol DATA. This move reflects the project's responsiveness to technological advancements and its dedication to maintaining a cutting-edge position within the decentralized landscape.

In summary, Streamr (DATA) stands as a project that objectively addresses the challenges and opportunities in decentralized data exchange. With a clear mission, a skilled leadership team, and a focus on scalable, secure data transfer, Streamr aims to contribute meaningfully to the ongoing evolution of decentralized technologies.

What is unique about Streamr XDATA (XDATA)?

Streamr (DATA) distinguishes itself with a decentralized, peer-to-peer network on Ethereum, enabling real-time data exchange through smart contracts, offering a comprehensive ecosystem for users to create, share, and monetize data streams in the Web3 protocol.

Who are the founders of Streamr XDATA (XDATA)?

Streamr was founded in 2017 by Henri Pihkala and Nikke Nylund. Henri Pihkala serves as the CEO, bringing expertise in real-time data processing, while Nikke Nylund, a serial entrepreneur, leads business development.

Who are the backers/investors of Streamr XDATA (XDATA)?

Streamr, initiated as a crowdfunded project in 2017, garnered support from contributors who believed in its vision of an open, decentralized data economy. For up-to-date investor/backer information, please visit the project's official website.

Where can I buy Streamr XDATA (XDATA)?

You can buy Streamr XDATA (XDATA) on Uniswap V2 (Ethereum), ZebPay, Coinone cryptocurrency exchanges.