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What is Streamr coin (DATA) and how does it work?

by Financial Economy

Streamr (DATA) is an open source project focused on real-time data. The Streamr project, which was implemented in 2017 with funds obtained from the community, also has a cryptocurrency called Streamr Coin (DATA). The goal of the project is to be able to transfer real-time data in a decentralized infrastructure and replace central messaging applications. Information about what is Streamr coin (DATA), how it works, how much it costs, how to buy it, which stock market it is on, etc is in continuation of the article. You can browse here for information about NFT token.

What is Streamr coin (DATA) and how does it work?

The Streamr Coin project, which aims to establish a global peer-to-peer communication network, relies directly on cryptography instead of trust. In other words, instead of trusting each other, it is enough for users to trust the system and the blockchain

Launched as the cryptocurrency of the Streamr project, DATA performs the basic functions of the network. Users can trade DATA to transact or transfer transactions on the messaging network. The platform, which also has a data market, allows users to sell their real-time data in exchange for DATA.

What does Streamr (DATA coin) do?

Streamr uses smart contracts on the Ethereum blockchain to secure payments and data permissions. DATA, an ERC-20 standard coin, is used for settlement and to incentivize network nodes to provide bandwidth for data transfer.

Working with large companies such as GSMA, BOSCH, Union Bank and developing cooperation with decentralized organizations (DAO), the cryptocurrency DATA is gradually expanding its usage areas.

How to buy Streamr coins? What exchange is DATA coin on?

Streamr coin is listed on many cryptocurrency exchanges and can be purchased from these exchanges. But before trading, it is necessary to make sure that the exchange is reliable! DATA coin is listed on exchanges like Binance, Mandala Exchange, KuCoin, Gate.io, etc.

DATA coin price!

As of January 18, 2022, the price of 1 Streamr coin is around $0.09 (the price can change instantly).

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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