Cryptocurrencies

Text

What currency does Streamr (DATA) coin belong to?

Streamr Network's native cryptocurrency, DATA, serves as the currency for rewarding data providers, validators, and enabling network governance.

Jan 03, 2025 at 04:05 pm

Key Points:

Streamr (DATA) is a cryptocurrency native to the Streamr Network, a decentralized network that provides real-time data streams.
The Streamr Network is designed to enable the secure and efficient exchange of data between different devices, applications, and services.
DATA plays a vital role in the Streamr Network as the primary currency used for incentivizing data providers, rewarding validators, and governing the network.

What Currency Does Streamr Coin Belong To?

Streamr (DATA) is the native currency of the Streamr Network. It is an ERC-20 token built on the Ethereum blockchain. Its primary function within the network is to:

Incentivize Data Providers: DATA rewards individuals or entities who contribute real-time data to the Streamr Marketplace. This incentivization mechanism encourages data sharing and promotes the growth of the data ecosystem.
Reward Validators: Validators play a crucial role in securing the network by validating and processing transactions. They are rewarded in DATA for their contributions to network security and stability.
Governance: DATA enables network participants to participate in the governance process. Holders can stake their DATA to vote on network proposals and influence the development and direction of the Streamr ecosystem.

Additional Features:

Real-Time Settlement: DATA allows for the seamless and near-instantaneous settlement of data transactions on the Streamr Network.
Scalability: Built on Ethereum, DATA benefits from the underlying blockchain's scalability features, ensuring it can handle high volumes of transactions efficiently.
Security: As an ERC-20 token, DATA inherits the security measures and robust network of the Ethereum blockchain, safeguarding its value and integrity.

FAQs:

What is the symbol for Streamr coin?
- DATA
What is the total supply of DATA coins?
- 905,093,146 DATA
What is the current price of DATA?
- Visit reputable cryptocurrency exchanges or price tracking websites for real-time information.
Where can I buy DATA coins?
- DATA is available for purchase on cryptocurrency exchanges such as Coinbase, Binance, and Kraken.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

BTG

$21.8585

90.68%

Trade Now
SWARMS

$0.3080

63.20%

Trade Now
HIVE

$0.6312

61.28%

Trade Now
ANT

$3.3647

48.93%

Trade Now
TRUMP

$2.5215

47.54%

Trade Now
$AKUMA

$0.0006

32.79%

Trade Now

Latest Crypto News

Bitcoin (BTC) Market to Remain Listless Until Trump Takes Office, Crypto Trader The Crypto Dog Predicts
2025-01-05 16:25:17
Render Token (RNDR) Faces Critical Resistance at $8, Can It Break Through?
2025-01-05 16:45:18
The 7 Best New Meme Coins to Invest in January 2025
2025-01-05 16:45:18
Phantom Wallet Addresses Token and Airdrop Rumors, Prioritizing Product Development
2025-01-05 16:45:18
Top Cryptocurrency Projects to Join in 2025: BlockDAG (BDAG), VeChain (VET), Aave (AAVE), and Stacks (STX)
2025-01-05 16:45:18
Despite Legal Woes, XRP Continues to Attract Investors Due to Its Simplicity and Familiarity
2025-01-05 17:05:18

Related knowledge

What ecosystem does Toshi (TOSHI) coin belong to?

Jan 05,2025 at 11:10am

Key Points:Toshi (TOSHI) coin is a native token of the Hedera Hashgraph ecosystem.The Hedera Hashgraph ecosystem is a high-throughput, low-latency distributed ledger technology platform.Toshi (TOSHI) coin is used for both transaction fees and governance.Toshi (TOSHI) Coin's Ecosystem: Hedera HashgraphThe Hedera Hashgraph ecosystem is a distributed ledge...

How much is the circulating supply of Toshi (TOSHI) coins?

Jan 04,2025 at 07:55pm

Key Points:Understand the concept of circulating supplyCalculate the circulating supply of Toshi (TOSHI) coinsAnalyze factors influencing the supply of Toshi coinsArticle Body:1. What is Circulating Supply?Circulating supply refers to the total amount of a cryptocurrency that is currently in circulation and available for trading in the market. It exclud...

What currency is Toshi (TOSHI) currency?

Jan 04,2025 at 08:34pm

What Currency is Toshi (TOSHI) Currency?Key Points:Origin and History of Toshi CurrencyBlockchain and Technology Behind ToshiToshi Tokenomics and SupplyUse Cases and Applications of ToshiToshi's Investment Value and PotentialOrigin and History of Toshi CurrencyToshi is a cryptocurrency created in 2017 by Toshi Technologies, a company based in the United...

What is the future development trend of Toshi (TOSHI) coin?

Jan 05,2025 at 01:16am

Key Points:Understanding Toshi (TOSHI) Coin: Features and PotentialMarket Outlook and Adoption ProspectsTechnological Advancements and Future RoadmapPartnerships and Ecosystem DevelopmentRegulatory landscape and Its Impact on ToshiInvestment Considerations and Risk AssessmentFAQs on ToshiFuture Development Trend of Toshi (TOSHI) CoinUnderstanding Toshi ...

What are the factors that are positive for Toshi (TOSHI) coin?

Jan 04,2025 at 07:06pm

Key Points:Rising popularity of meme coinsStrong community supportScarcity and limited supplyUnique use cases and applicationsPositive market sentiment for alternative cryptocurrenciesIn-Depth Analysis:1. Rising Popularity of Meme CoinsToshi is a meme coin, a type of cryptocurrency that often starts as a joke or a viral sensation. Meme coins have seen a...

What are the factors that affect the price of Toshi (TOSHI) currency?

Jan 05,2025 at 06:51am

Key Points:Supply and Demand DynamicsMarket Sentiment and SpeculationExchange Listings and Trading VolumeDevelopment Activity and InnovationMacroeconomic ConditionsRegulatory Changes and Legal LandscapeCompetition from Other CryptocurrenciesFactors Affecting the Price of Toshi (TOSHI) Currency1. Supply and Demand DynamicsThe price of TOSHI is determined...