Data Network (DATA)
Rank #276
Market snapshot
- Price
- $0.182901
- Market cap
- $65.5M
- 24h volume
- $13.3M
- Circulating supply
- 357,888,748
- Total supply
- 1,031,415,835
- Max supply
- N/A
What is Data Network?
Data Network is a cryptocurrency that operates on a dedicated layer 1 blockchain, built specifically for data management. It allows users to read from and write to its blockchain-based ledger, ensuring immutability and open access. The DATA Foundation supports this network, emphasizing its commitment to data integrity and accessibility.
How Data Network works
Data Network functions through a blockchain that enables users to trace reads and writes, ensuring that all transactions are immutable. It is fully compatible with the Ethereum Virtual Machine (EVM), which allows for seamless execution of smart contracts. The network utilizes a CometBFT-based consensus layer, providing fast transaction finality and low costs for users. This architecture is optimized for handling complex data structures.
Key information
- Symbol
- DATA
- CMC rank
- #276
- Network / platforms
BNB, BNB Smart Chain (BEP20), Story
- Categories
- N/A
- Date added
- Feb 6, 2025
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB
0xA37EDed373c5cdF88644db7C6b89f222e756aFB2BNB Smart Chain (BEP20)
0xA37EDed373c5cdF88644db7C6b89f222e756aFB2
Key characteristics
Data Network is 100% EVM-compatible, facilitating the execution of smart contracts. It features optimizations for traversing complex data structures quickly and cost-effectively. The network is categorized under the BNB network/platform, and it has a presence on both the BNB and Story networks, with contract addresses stored in the catalog.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Data Network (DATA)?
- Data Network (DATA) is a cryptocurrency operating on a purpose-built layer 1 blockchain, focusing on data management and accessibility.
- How does Data Network operate?
- Data Network operates through a blockchain that allows users to trace reads and writes, ensuring immutability and open access. It is EVM-compatible and utilizes a CometBFT-based consensus layer.
- What are the technical features of Data Network?
- Data Network is fully EVM-compatible and optimized for efficient handling of complex data structures. It features a CometBFT-based consensus layer for fast transactions.
- What are the risks associated with transferring Data Network (DATA)?
- Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets, and understand the risks of self-custody.
- How can I verify the acquisition of Data Network (DATA)?
- Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct before sending assets.
- Where can I find official resources for Data Network?
- Official resources for Data Network can be found on their website at https://datafdn.org/ and their documentation at https://docs.datafdn.org.
