What is Streamr XDATA?
Streamr (DATA) is a decentralized, open-source platform that leverages cryptography instead of trust to power a P2P, real-time data infrastructure. It offers a marketplace for trading and selling data, along with a set of tools for working with real-time data. Streamr (DATA) was launched in 2017 with the goal of creating a decentralized infrastructure and data economy. The developers' mission was to provide "Unstoppable Data for Unstoppable Apps," and they believe that the technology they've created is crucial for Web 3.0.
One of the key features of Streamr (DATA) is that it tokenizes the value of real-time information and makes it available on their marketplace and data unions. This technology stack is designed for use with DApps, IoT devices, and more, and it offers a comfortable and prosperous information market that is built on the basis of a data exchange network that is convenient and understandable for users. 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.
One of the biggest advantages of Streamr (DATA) is that it is an off-chain network, which reduces the risk that the project will face scalability and bandwidth issues. This sets it apart from other similar services, such as IOTA. The intention of the Streamr team is not to create a 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.
Streamr Network AG is the legal entity responsible for the implementation of the Streamr protocol. It was incorporated in 2017 and is based in Switzerland. The Streamr open-source team consists of skilled programmers, financiers, and software developers, distributed across various time zones.
Henri Pihkala, the founder and CEO of Streamr, has a M.Sc. in 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 has worked as a lead software engineer at RIQ Yhtiöt Oy and Hedgehog Oy, and served as the founder and CTO of Unifina and Data in Chains.
Risto Karjalainen, founder and COO of Streamr, 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. Nylund has helped found and grow successful 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 sets Streamr (DATA) apart is its focus on seamless data exchange and monetization. It is a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts 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
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