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About Streamr
Key Points
- Streamr (DATA) is an open-source, decentralized platform for real-time data infrastructure.
- It uses cryptography instead of trust and has a scalable real-time messaging network, a marketplace for trading/selling data, and tools for working with real-time data.
- The main idea is to create a decentralized infrastructure and data economy.
Founders
- Henri Pihkala: founder and CEO, with experience in software development and freelance IT consulting.
- Risto Karjalainen: founder and COO, with a Ph.D. in decision sciences and experience in quantitative analysis and investment portfolio management
About Streamr: Unlocking the Power of Real-Time Data
Streamr (DATA): A Comprehensive Overview
Streamr (DATA) is an open-source project and decentralized platform that substitutes cryptography for trust. It constitutes a peer-to-peer, real-time data infrastructure, encompassing a platform and tools that facilitate a novel data economy. The technology stack comprises a scalable, real-time messaging network (pub/sub) hosted on computers worldwide, a marketplace for trading and selling data, and a suite of tools for working with real-time data.
Streamr (DATA), which was crowdfunded in 2017, is driven by a bold vision: to establish a decentralized infrastructure and data economy. The developers’ mission is succinctly encapsulated in their mantra: “Unstoppable Data for Unstoppable Apps.” By tokenizing the value of real-time information, Streamr creates a thriving marketplace and data unions, catering to DApps, IoT devices, and beyond. This pioneering protocol is poised to play a pivotal role in shaping the future of Web 3.0.
The Streamr DATA coin is tasked with fostering a thriving and accessible information market, predicated on a user-friendly data exchange network. This decentralized pub/sub network is sustained by a global array of nodes, which are incentivized with DATA tokens in exchange for the bandwidth and validation services they provide.
The competitive edge of Streamr stems from its off-chain network architecture, distinguishing it from similar services like IOTA. Consequently, the project is less likely to encounter scalability and bandwidth bottlenecks. Rather than attempting to create a bespoke blockchain, the Streamr team is focused on developing innovative network optimization technologies. Should Streamr’s capabilities fall short of those offered by Ethereum, developers have the flexibility to seamlessly migrate the platform to an alternative blockchain.
The Visionaries Behind Streamr: Meet the Founders
Streamr Network AG, the legal entity entrusted with the implementation of the protocol, was established in 2017 and is headquartered in Switzerland. The Streamr open-source team comprises a diverse group of skilled professionals, including programmers, financiers, and software developers, strategically dispersed across various time zones.
Holding a Master of Science degree in Computer Science from Helsinki University of Technology, Henri Pihkala is the visionary founder and CEO of Streamr. With a rich background in software development, particularly in real-time data processing, he brings a decade of freelance IT consulting expertise to the table. His impressive professional trajectory includes stints as lead software engineer at RIQ Yhtiöt Oy and Hedgehog Oy, as well as founding and serving as CTO of Unifina and Data in Chains.
Risto Karjalainen, founder and COO of Streamr, boasts a Ph.D. in decision sciences from the esteemed Wharton School of the University of Pennsylvania. His illustrious career has seen him hold positions as a quantitative analyst at Buchanan Partners Limited, an analyst at JP Morgan and Wadhwani Capital Limited, and an investment portfolio manager at Merril Lynch and Estlander & Partners. With a passion for real-time data and decentralized computing, Karjalainen brings a wealth of expertise to his role at Streamr.
Nikke Nylund, a seasoned serial entrepreneur, serves as co-founder and director of business development for the project. His impressive track record includes founding and growing companies such as Quartal Flife (acquired by Investis Ltd), Quartal Financial Solutions (acquired by KMU Capital AG), and Quartal Content Management (acquired by Satama Plc), showcasing his exceptional entrepreneurial prowess.
At the helm of Streamr Labs stands Michael Malka, a seasoned technology expert with a strong educational foundation in computer science from the University of Helsinki. Boasting over two decades of experience in the software industry, Malka’s illustrious career has spanned a range of roles, from developer to CEO. His impressive professional trajectory includes stints as a developer at Bitwise Oy, RTSe, and Quartal, as well as holding the positions of CTO and subsequently CEO at Sujuva.
Unveiling the Uniqueness of Streamr (DATA)
Streamr (DATA) is a pioneering project dedicated to facilitating seamless data exchange and monetization. By leveraging a peer-to-peer (P2P) network for real-time data, it harnesses the power of Ethereum to enable smart contracts that streamline the exchange process.
Broker nodes constitute the linchpin of the network, functioning as follows: they receive data from providers (also referred to as publishers) and relay it to consumers, thereby exemplifying the publish/subscribe pattern that underpins the network’s operation. Sponsors, who may also assume the role of publishers, deposit DATA tokens into a smart contract, known as a Bounty, to ensure the uninterrupted operation of the stream. The data stream is secured through the mining of Bounties by broker nodes, and subsequently relayed to subscribers via publisher or broker nodes, with data streams being segmented in the process.
A multitude of innovative technologies have been developed to optimize Streamr, collectively forming a hierarchically organized complex known as the Streamr Stack. This intricate complex ensures seamless data transmission within the Streamr network, comprising five distinct blocks: smart contracts (which facilitate optimized relationships between participants in the network’s information market); the Streamr Editor (a suite of programming tools specifically designed for the project); the Streamr Engine (responsible for analyzing, processing, refining data, and monitoring network events); the Data Market (a central hub for data streams and a platform for transmitting and receiving data); and the Streamr Network (dedicated to data transfer).
What Is the Circulating Supply of Streamr (DATA) Coins?
Streamr’s DATA token, an ERC-20 token built on the Ethereum blockchain, serves a dual purpose: it facilitates the node reward mechanism and enables bidding processes. Furthermore, the token also functions as a reputation metric, where the number of tokens held by a node directly correlates with its influence within the community. In the event that a node begins to malfunction, it is promptly excluded, and traffic allocation for curation is withheld.
The token serves as a functional utility token within the Streamr P2P network, where it facilitates the payment for infrastructure involved in data delivery. Furthermore, DATA also functions as a payment token for data content on the Streamr marketplace, rendering it an indispensable component for the seamless operation of the entire platform.
Following the successful culmination of the crowdfunding campaign in 2017, a fixed token supply was established. As of July 2021, the total supply of $DATA tokens stands at approximately 1,000,000,000. The token allocation is distributed as follows: 65% is allocated to crowdfunding participants; 15% is reserved for the founding team; 15% is designated for the treasury; 3% is allocated to partners and consultants affiliated with the project; and 2% is distributed among the Streamr community.
The Streamr Network’s Robust Security Framework: A Comprehensive Overview
Smart contracts serve as the guarantors of Streamr’s integrity, overseeing every stage of the data transfer process within the Streamr network. By doing so, they ensure the secure storage of information and the meticulous maintenance of event histories within each stream. Moreover, smart contracts efficiently distribute the workload among brokers and facilitate the licensing of data, thereby enabling the seamless buying and selling of information.
The developers have taken a stringent approach to data security, transforming information into a safeguarded product that ensures its integrity and reliability, thereby preventing unauthorized third-party access. To achieve this, the data is encrypted, with the owner retaining control of the decryption key. Furthermore, the platform’s creators have enabled the integration of various encryption methods, allowing for flexibility in this regard. The data owner retains sole discretion over access permissions, with the relationship between the owner and consumer governed by smart contracts. This nuanced approach guarantees a seamless and transparent process for buying and selling data.
The Streamr DATA token’s deployment on Ethereum is a deliberate choice, given the blockchain’s established reputation for reliability and efficiency. By recording all payment data on the blockchain, user identification and data protection are ensured, thereby fostering a secure environment.
In Which Exchanges Can You Acquire Streamr (DATA)?
Streamr (DATA) is presently listed on an impressive array of over 40 prominent exchange platforms. Notable exchanges that support DATAcoin trading include Binance, Uniswap (V2), Gate.io, Bitfinex, WazirX, Bancor Network, CoinDCX, Pionex, BKEX, LATOKEN, Omgfin, Hotbit, Mercatox, HitBTC, Folgory, Coinone, Hotcoin Global, NiceHash, Bitsonic, DragonEX, and BiONE.
For a comprehensive guide on purchasing DATA, Bitcoin, and other cryptocurrencies, please refer to our resources
here
.
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