Streamr and the DATA token

In one sentence, Streamr is an open source, crowdfunded, decentralized platform for real-time data. The Streamr Network lies at the heart of this platform, enabling devices and users to share their data.

The Streamr Network is comprised of three components:

  • Streams are sequences of timestamped messages, delivered from publishers to subscribers by the Streamr Network.
  • A collection of streams makes a Product, which are published onto the Marketplace and subscribed to.
  • DATA is the cryptocurrency which powers the Streamr ecosystem in various ways. It is an ERC-20 token on the Ethereum blockchain.

Instead of one single entity investing in specialized data architecture, the network is run by the community. This creates a permissionless and neutral network for real-time data, which is highly suitable for use cases such as data sharing, data monetisation, and the decentralized web, extending the capabilities of the underlying internet without compromising its open and decentralized nature.

Do keep in mind, that while Streamr already works today, it is not yet feature-complete or fully decentralized. You can learn more about the project’s progress here.

Simply put, Streamr allows you to monetize your device’s data in the same way that BAT allows you to monetize your attention. 

The DATA token is an ERC-20 token and is native to the Streamr ecosystem. You can access data streams with DATA payments, and the token will power the incentive mechanism. At present, there is a total supply of around 1 billion DATA, trading at around₹10 each. Buy some DATA on ZebPay today!

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