A Deep Dive Into Streamr

To learn more about this project, check out our deep dive of [Streamr](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-streamr).

## What Is Streamr (DATA)?

[Streamr](https://coinmarketcap.com/currencies/streamr/) (DATA) is an open source project and decentralized platform that relies on cryptography instead of trust. It is a [P2P](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p), real-time data infrastructure that houses a platform and tools for a new data economy. The technology stack includes a scalable real-time messaging network (pub/sub) hosted on computers worldwide, a marketplace for trading/selling data and a set of tools for working with real-time data.

Streamr (DATA) was crowdfunded in 2017. The main idea is to create decentralized infrastructure and data economy; the mission was formulated by the developers as “Unstoppable Data for Unstoppable Apps.” Streamr tokenizes the value of real-time information and makes it available on their marketplace and data unions. This is built for [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps), [IoT](https://coinmarketcap.com/alexandria/glossary/internet-of-things) devices and more, and they believe this is a crucial protocol for [Web 3.0](https://coinmarketcap.com/alexandria/article/what-is-web-3-0). 

The tasks of Streamr DATA coin include creating a comfortable and prosperous information market, which is built on the basis of a data exchange network that is convenient and understandable for users. How it works: the decentralized pub/sub network is supported by nodes around the world, who earn DATA tokens in exchange for the bandwidth and validation they provide.

The competitive advantage lies in the fact that it is an off-chain network (for example, when compared to a similar [IOTA](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-iota) service). Therefore, the risk that the project will face scalability and bandwidth issues is modest. The intention of the Streamr team is not to create some special blockchain, but to focus on the development of network optimization technologies. If Streamr lacks the capabilities of Ethereum, developers can always transfer the platform to another blockchain.


## Who Are the Founders of Streamr?

Streamr Network AG (the legal entity responsible for the implementation of the protocol) was incorporated in 2017 and based in Switzerland. The Streamr open source team consists of skilled programmers, financiers and software developers, distributed across various time zones.

Henri Pihkala is Streamr's founder and CEO. He has a M.Sc. of Computer Science from Helsinki University of Technology. He has experience in software development for real-time data processing, along with 10 years of freelance IT consulting. Pihkala worked at RIQ Yhtiöt Oy and Hedgehog Oy as lead software engineer, and served as the founder and CTO of Unifina and Data in Chains.

Risto Karjalainen is founder and COO of Streamr. Karjalainen holds a Ph.D. in decision sciences from The Wharton School of the University of Pennsylvania. Prior to joining the Streamr team, he was 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. He is passionate about real-time data and decentralized computing.

Nikke Nylund is co-founder and director of business development of the project. A successful serial entrepreneur, Nylund has helped found and grow 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).

Michael Malka is the head of Streamr Labs. Malka has an educational background in computer science at the University of Helsinki and over 20 years of experience in the software industry, with roles from developer to CEO. Previously, he held developer positions at Bitwise Oy, RTSe, Quartal and was CTO, and subsequently CEO at Sujuva.


## What Makes Streamr (DATA) Unique?

Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer ([P2P](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p)) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process.

Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented).

A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data).


## Related Pages:

Read about [IOTA (MIOTA)](https://coinmarketcap.com/currencies/iota/).

Read about [Ethereum (ETH)](https://coinmarketcap.com/currencies/ethereum/).

How do P2P networks work? [Click here](https://coinmarketcap.com/alexandria/article/what-is-peer-to-peer-p2p) and find out.

What is a smart contract? Learn more [here](https://coinmarketcap.com/alexandria/article/what-is-a-smart-contract).

Take a deep dive into smart contracts and DeFi with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/a-dive-into-smart-contracts-and-defi).


## How Many Streamr (DATA) Coins Are There in Circulation?

Streamr DATA is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain. The token is used for the node reward mechanism and bids. Moreover, DATA tokens are a measure of reputation – the more tokens a node owns, the more weight it has in the community. If a node suddenly starts working with errors, it is simply excluded and traffic is not allocated for curation.

The token is a functional utility token in the Streamr P2P network – DATA is used to pay for infrastructure involved in data delivery. DATA can also be used as a payment token for data content on the Streamr marketplace, so it is an indispensable detail for the entire platform to function properly.

Upon completion of the crowdfunding in 2017, a fixed supply of tokens was created. As of July 2021, there is a total supply of around 1,000,000,000 $DATA. The token allocation is as follows: 65% to crowdfunding participants; 15% to the founding team; 15% to the treasury; 3% to partners and consultants of the project; 2% distributed among the Streamr community.


## How Is the Streamr Network Secured?

[Smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) ensure the integrity of Streamr, as they supervise every step of the data transfer process on the Streamr network. Smart contracts control the proper storage of information and the maintenance of the history of events within the stream. Furthermore, smart contracts distribute the workload between brokers and license data (for the sale and purchase of information).

The developers took the data security issue seriously; they have turned information into a product to provide its safety and reliability, so that a third party cannot get access. This is done by making the data [encrypted](https://coinmarketcap.com/alexandria/glossary/encryption) and the [key](https://coinmarketcap.com/alexandria/glossary/private-key-secret-key) is held by the owner. As for the encryption method, any type can be chosen because the creators of the platform have provided the ability to integrate almost any option. Only the owner of the data decides who has access to information; the relationship between the owner and the consumer is regulated by smart contracts. This nuance guarantees a smooth and transparent process of selling (and buying) data.

Streamr DATA token is on Ethereum for a reason – this blockchain has already proven its reliability and efficiency. All payment data is recorded in the blockchain, which ensures user identification and data protection.


## Where Can You Buy Streamr (DATA)?

Streamr (DATA) is currently available to trade on over 40 different exchange platforms. Several major exchanges that support DATAcoin include [Binance](https://coinmarketcap.com/exchanges/binance/), [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/), [WazirX](https://coinmarketcap.com/exchanges/wazirx/), [Bancor Network](https://coinmarketcap.com/exchanges/bancor-network/), [CoinDCX](https://coinmarketcap.com/exchanges/coindcx/), [Pionex](https://coinmarketcap.com/exchanges/pionex/), [BKEX](https://coinmarketcap.com/exchanges/bkex/), [LATOKEN](https://coinmarketcap.com/exchanges/latoken/), [Omgfin](https://coinmarketcap.com/exchanges/omgfin/), [Hotbit](https://coinmarketcap.com/exchanges/hotbit/), [Mercatox](https://coinmarketcap.com/exchanges/mercatox/), [HitBTC](https://coinmarketcap.com/exchanges/hitbtc/), [Folgory](https://coinmarketcap.com/exchanges/folgory/), [Coinone](https://coinmarketcap.com/exchanges/coinone/), [Hotcoin Global](https://coinmarketcap.com/exchanges/hotcoin-global/), [NiceHash](https://coinmarketcap.com/exchanges/nicehash/), [Bitsonic](https://coinmarketcap.com/exchanges/bitsonic/), [DragonEX](https://coinmarketcap.com/exchanges/dragonex/), [BiONE](https://coinmarketcap.com/exchanges/bione/).

You can get more info on how to buy DATA, Bitcoin and other cryptocurrencies [here](https://coinmarketcap.com/how-to-buy-bitcoin/). 

Have a look at the CoinMarketCap [blog](https://coinmarketcap.com/alexandria/categories/blog): analysis, market news and updates.


Streamr

Trust Wallet

MetaMask

The decentralized real-time data sharing protocol. $DATA. Build with Streamr and join the community.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Render

Hunt Town

tomiNet

district0x

Clearpool

Numbers Protocol

Strike

Aergo

Maple

Houdini Swap

Peepo

Advanced Project

Brett

dogwifhat

Status is categorized as a mobile and desktop operating system and decentralized browser that incorporates a messaging system. As such, Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017.

It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.

Status

Dock is building a gateway to Web3 by providing simple solutions for businesses and developers to build, manage, and present digital Verifiable Credentials and decentralized identities using blockchain.

Dock provides credentialing technology that can be used to create cryptographically secure and instantly verifiable digital credentials, including workforce certificates, academic achievements, identity documents, and KYC checks.

Since 2017, Dock has been building Decentralized Identity and Verifiable Credentials (VC) technology, which will act as a gateway to Web3 in the future. We have been collaborating with organizations to adapt and innovate in the Web3 ecosystem by helping them understand the true ownership of their data and making their documents, certificates, and credentials become digital, tamper-proof, and instantly verifiable. Web3 is about data ownership and by using Dock’s technology, individuals can now truly own and control their most important documents and regain control over their data.

Dock

Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models.

Founded in late 2015 in San Francisco, Numerai claims to be the first hedge fund to launch a cryptocurrency on the market. Unlike traditional hedge funds, however, Numerai relies on the data and predictions produced by tournament participants to participate in the stock market. They claim to be the first hedge fund to use machine learning so heavily in its investment strategy.

Numeraire

SelfKey

iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.

It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.

As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security and much more.

iExec RLC

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

DIA is the governance token of the platform. It is currently based on ERC-20Ethereum protocol.

The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold.

IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a blockchain-based, open network to small and medium businesses that are offering a wide variety of services.

According to the official IRISnet Whitepaper, the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology.

IRISnet

Cortex

NKN (NKN), or New Kind of Network, is a network that focuses on creating a decentralized and open-source network protocol for public blockchain-based peer-to-peer (P2P) networks to share network bandwidth and internet connectivity. Its main objective is to address the challenges faced by today's internet, such as centralization, scalability issues and security concerns.

Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.

In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.

Two years later, an updated white paper was published. Here, a decentralized network  — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.

People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.

Storj

Bluzelle is a decentralized storage network for the creator economy.

Bluzelle delivers high security, un-matched availability, and is censorship resistant. Whether you are an artist, musician, scientist, publisher, or developer, Bluzelle protects the intellectual property of all creators. Bluzelle is data storage, file storage, oracles, and more. Its is specific for NFTs and DeFi.

Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain:

Bluzelle DB - a decentralized database for software developers to store information

Bluzelle Oracles - a truly decentralized pricing oracle that provides high speed and high security for Defi applications

Bluzelle Staking - where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data.

Bluzelle

Phala Network is a coprocessor for blockchains. Developers deploy “Phat Contracts,” off-chain program for coprocessors, enhancing dApps with connectivity, internet access, and heavy computation, overcoming web3 constraints.

Phala Network has one of the largest Trusted Execution Environments (TEE) on Intel Software Guard Extensions (SGX) hardware, which means that any code/data on Phala Network is protected from unauthorized access by users. Phala addresses developer concerns with expanded developer language support such as JavaScript and more, and ready-to-deploy Templates for seamless Phat Contract integration, streamlining the experience for web3 developers.

Phala stands at the forefront of Web3 innovation, fostering development through its Builders Program.

Phala Network

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities. Its goal is to provide the platform for a fully modernised, market-driven grid that offers consumers a choice in their energy while driving the democratisation of power.
Headquartered in Zug, Switzerland, Powerledger operates in more than 10 countries. Powerledger operates on two blockchain layers; the POWR token is issued on Ethereum as an ERC-20 token, and the Powerledger blockchain - a native Solana based blockchain to process energy transactions on a more scalable network.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

Powerledger

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.

Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.

Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.

The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.

Orchid

Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging.

The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products.

Akropoli was first announced in March 2018, launching on the Ethereum mainnet in June 2020.

Akropolis

Vite has built a Directed Acyclic Graph (DAG) based smart-contract platform, with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Snapshot Chain of Vite utilizes Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus, while supernodes take only staking rewards and no transaction fees. Vite virtual machine maintains compatibility with EVM, and utilizes asynchronous smart contract language, Solidity++.

The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network, with users staking VITE for transaction quota instead of consuming gas. VITE can also be used to vote for Snapshot Block Producers (aka supernodes). In addition, a VITE staker with unused transaction quota can lease such quota to dApps in exchange for their tokens. For instance, users can stake VITE in exchange of ViteX’s native decentralized exchange token, VX.

Vite’s current products include a decentralized exchange (ViteX), a multi-purpose wallet application (Vite App), payments (VitePay), and government/enterprise blockchain applications (VitePlus):

ViteX is a decentralized exchange with on-chain orderbook and matching engine, and supports currently 20+ digital assets.

Vite App is a mobile application that allows trading (ViteX), asset management (wallet), dapps (e.g Vite-based games) in one place.

VitePay is a fast and feeless payment solution, currently available to use in Singapore’s Ce La Vi Sky Bar and taxi services under the Midwest Global network - Users can pay for merchants with Vite wallet, who in turn receive payment with zero fees with near-instant settlement. VitePay is also integrated with the e-commerce platform OpenCart, and one can utilize VitePay at the official Vite store.

VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises. Vite has developed a pilot app, SyraCoin, for the Syracuse government, allowing city housing fund donors to receive blockchain-based coupons that are redeemable for goods and services within city bounds.

VITE

Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.

The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.

Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.

Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.

The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.

Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.

Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.

Civic

Steem is a community-focused blockchain that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.

The protocol is a publicly available, incentivized blockchain database that allows users to interact with each other and earn in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network ensures the fair treatment of contributors by running a reward structure that reflects each user’s contribution.

Steemit is the first app that was built on the Steem blockchain, and it launched on July 4, 2016. The protocol aims to provide value for its community of users in the following ways:

To provide thoughtfully chosen news and commentaries.

Creating an opportunity to earn.

As a source that offers answers to users’ inquiries.

Offering a stable cryptocurrency pegged to the USD.