Streamr XDATA (XDATA)

Rank #2852

Streamr XDATA (XDATA) is a token focused on the tokenization of streaming data, with the aim of enabling new forms of trading. The proposal connects machines and people in a decentralized peer-to-peer network, where data can be transferred and used in a coordinated way.

How Streamr XDATA works

Streamr's technology tokenizes data streams so that they can be traded in a P2P environment, instead of relying only on centralized intermediaries. As a result, the circulation of the value associated with the content can follow the continuous nature of streaming.

What it is used for

The use of XDATA is linked to the Big Data ecosystem and the processing of information in runtime. The idea is to allow applications and devices to work with data as it is generated, maintaining the flexibility of the sharing and exchange process.

Decentralized network and interoperability

The P2P network was designed to facilitate the exchange of data among participants, including machines and people. This model seeks to support Internet of Things (IOT) scenarios, in which the volume and speed of information require agile mechanisms.

Streamr XDATA in the context of the Ethereum ecosystem

As it is part of the Ethereum Ecosystem, Streamr XDATA connects to the crypto environment that drives decentralized applications. Thus, the token can be used as part of the arrangement needed to represent and trade streaming data in practice.