What is Streamr DATA coin?

DATAcoin is the means of compensation between data producers and consumers. It is also an incentive for running broker nodes in the P2P network. DATAcoin is the basis for karma, the reputation metric in the community. In a bigger picture, it is a way to gain exposure to data as a valuable commodity.

DATAcoin flows in the opposite direction from the data. (Taken from official whitepaper)



Overview of Streamr Platform :

This platform allows companies, developers, and private users to connect with one another.

It serves as a global market that can facilitate real-time data exchange in a safe, encrypted fashion.

in a safe, encrypted fashion. The project has a growing online community .

. There are a total of 677,154,514 DATAcoin tokens currently in circulation.

Overview of the functional model used by Streamr. (Taken from official whitepaper)



Essentially, the network will facilitate a marketplace which is expected to release on 16th May 2018 at Consensus 2018 event that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.It is also important to mention that Streamr helps create a real-time data backbone for a completely decentralized network that offers users with features such as:

Scalability

Low latency

Non-interoperable data delivery





Key features:

Streamr comes loaded with a wide array of innovative features that allow it to make the entire dApp construction process much more streamlined. Through the use of an end-to-end pipeline framework, this platform makes data storage, distribution and processing quite easy.

(Taken from official whitepaper)



How Does Streamr DATAcoin work?

Streamr’s ecosystem consists of publishers, consumers, and brokers. All data is submitted as events to the network’s datastreams.As their name suggests, publishers commit data to the datastream in the form of events. Some of this data is free to consumers, while other data needs be purchased using DATAcoin.

Let’s consider a self-driving electric car. For optimal operation, it needs data from other machines, such as traffic congestion information from other cars, electricity prices on nearby charging stations, weather forecasts, and so on. Streamr provides a single interface for real-time data delivery and payment, making data streams tradeable using the DATAcoin token, The car can autonomously get the data it needs and pay for it. In turn, the car can sell the data it produces, such as traffic data to other cars, road condition measurements to a smart city, location and battery level to advertisers, and so on. A data stream economy is born.