Streamr (DATA) is an open-source project and decentralized platform based on cryptography.
The protocol was implemented in 2017 by Streamr Network AG, a company based in Switzerland. The Streamr team includes skilled programmers, software developers, and financiers living all around the world. The crowdfunding took place in 2017 as well.
Streamr provides a P2P, real-time data infrastructure used as a base for a platform and tools for a new data economy. The technology offers a scalable real-time messaging network placed on computers around the globe, a marketplace for trading and selling data, and a number of tools for dealing with real-time data. It aims at DApps, IoT devices, and more.
The Streamr purpose is to create a decentralized infrastructure and data economy. The platform tokenizes the real-time information's value, making it available on their data and marketplace unions. Streamr is believed to be one of the major protocols for Web 3.0.
The platform claims that it lowers the risk of scalability and bandwidth issues as it is an off-chain network. If the capabilities of Ethereum are limited for your project, you can transfer the platform to another blockchain.
Streamr has its native token DATA, which is used to contribute to a comfortable and prosperous information market. The decentralized publish/subscribe network is enabled by nodes worldwide, who earn the internal DATA tokens in exchange for the bandwidth and validation they provide. It's also used to pay for data contained on the Streamr marketplace.
The token is a key to the platform's functionality. Moreover, the native token helps users to measure a node's reputation. The number of tokens is proportional to the impact a node has on the community.
Aside from holding the token, you can trade it against the US dollar. LiteFinance offers CFD trading. It allows you to trade the DAT/USD pair without owning the token. Also, you can trade DATA to USD no matter what the current trend is.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
