Streamr DATAcoin - my newest coin in the collection
I was looking for another coin to buy yesterday after sodling off some EOS. Not that I don't believe in EOS, but I have a rule that after 1000% gainz in a few months, it's time to skim some milk. Still hodling EOS, but it was EOS's turn to give some love to a new coin in the collection.
As usual I'm looking for utility, a strong team, development and enthusiasm(social media etc) and undervaluation. Also I like to understand what it's about after reading one minute into the whitepaper.
Streamr tokenizes streaming data to enable a new way for machines and people to trade it on a decentralised P2P network.
Let’s consider a self-driving electric car. For optimal operation, it needs data from other machines, such as traffic congestion information from other cars, electricity prices on nearby charging stations, weather forecasts, and so on. Streamr provides a single interface for real-time data delivery and payment, making data streams tradeable using the DATAcoin token.
The car can autonomously get the data it needs and pay for it. In turn, the car can sell the data it produces, such as traffic data to other cars, road condition measurements to a smart city, location and battery level to advertisers, and so on. A data stream economy is born.
This is exactly the sort of thing we will definitely see in the future. Or, these kinds of ideas IS the future - and Blockchain will make it possible to flow perfectly in the new "sharing economy"
The coin is forked from Primecoin, with fast transactions and a total of 2,000,000,000 coins. The team looks strong, and most of the team members seems to be from Finland (which is as we all know the east asians of Scandinavia, or the Japanese people of Scandinavia. A little bit weird, hard working and serious) Good combination for complicated crypto currencies!
sounds interesting, maybe i will give it a try
good job i vote and follow u
I also like to look for a cool name, No coin is going to make it anywhere with a bad brand.
pujuinan’tai, ni weari ainaujai yumatsuk
In my opinion, future is Internet of Things, future of Internet of Things is Streamr (DATA). For more see: http://promisingcoins.com/hot-tips/datacoin-streamr/
Streamr doesn’t bring a completely new solution like a ternary code (Iota) but it uses Ethereum as a platform. The advantage is that developers don’t need to concentrate on possible flaws of unexplored things so they can concentrate on the main principle of Streamr – data streaming on the one side and data consuming on the other side. The main objective of Streamr is real-time data streaming and it’s working very well.
Let’s be more concrete. On Streamr.com you can check very impressive part of the Streamr project – editor which gives you simple to use tools that let you try how you can work with real-time data and react to events. And you don’t need to be a programmer.
DATAcoin is the means of compensation among data producers and consumers. It’s monetization mechanism for data producers. A smart device like a self-driving car can stream a traffic data. The smart device can produce data for anyone (for free) or just for subscribers (and get paid for it). Worth mentioning are broker nodes (the “miners” of this network) between subscriber and consumers which establish a P2P network. According to whitepaper “The network hosts a publish/subscribe mechanism and supports decentralized storage of events. The network throughput scales linearly with the number of participating nodes, and it can process millions of events per second. Nodes are incentivized to do two things: report checksums for their assigned partitions to the network coordinator smart contract, and deliver data to any smart contract subscribers.” And they are paid for it by DATAcoins.
Threats
Every time you value an investment, you shouldn’t forget about risks. Right now cryptocurrencies keep rising so one can easily omit threats. I see short or mid-term threat that DATAcoin isn’t listed on any well-known crypto exchange except Bitfinex and Ethfinex so there may not be sufficient demand which would lead to significant growth of the price. But at the same time it’s opportunity – once DATAcoin is quoted on the stock exchange, the price will very likely increase significantly. Another threat is IOTA which solves the same problem and it could attract all the attention and leave DATAcoin unknown.
Conclusion
I really like DATAcoin as it’s backed up by experienced project management team and it solves the real-life problem – data streaming for IoT. Streamr can provide you very good editor so Streamr is right now very useful for a common man. Threats mentioned above are just short or mid-term risks. In long-term only one thing matters: cryptocurrency will be a functional means of payment. I believe DATAcoin will.
Good decision, EOS will surely have a strong correction after those gains
Next year is looking even better than this one for crypto.
verey well done sir many people are doing such this kind of business cryptocurrency perfect well done upvobes follow steemit at @alhmali
Interesting project, although in my opinion rise of EOS is just a beginning.
I hope so! Still hodling alot eos. But sold my initial investment. Not taking some profits from a 10 bagger is stupid. :)
Have you look at who else could be a competitor ?
I tried to access the whitepaper to read the roadmap but the link is not working.
go to have a look to that , thanks