Ocean Protocol - What is that ethereum based coin usefull for?

8/2/2022, 04:51 PM
Ocean Protocol - What is that ethereum based coin usefull for?
Ocean Protocol is a decentralized data exchange protocol that enables data providers to securely share data and get paid for their contributions. The protocol is designed to address the challenges of data sharing, including data privacy, data security, and data quality. Ocean Protocol is built on the Ethereum blockchain and utilizes smart contracts to facilitate data sharing.
Use Ocean Market to publish data, and buy data. Earn by selling, or running your own fork of Ocean Market. Data is published as interoperable ERC721 data NFTs & ERC20 datatokens.
- oceanprotocol.com
Data providers can use Ocean Protocol to securely share data with data consumers. Data providers can control who has access to their data and set price terms. The protocol uses encryption to ensure data privacy and security. Data quality is ensured through a reputation system and data curation.
Data consumers can use Ocean Protocol to access data from data providers. Data consumers can search for data sets and purchase access to them. The protocol uses tokens to facilitate payments between data providers and data consumers.
A large part of Ocean is about access control, which is primarily handled by datatokens. Users can access a resource (e.g. a file) by redeeming datatokens for that resource. Enterprises and other users may need more precise ways to specify and manage access. Ocean fine-grained permissions is for these use cases.
- oceanprotocol.com
The Ocean Protocol Foundation is a non-profit foundation that is responsible for the development and maintenance of the protocol. The foundation is supported by a number of organizations, including the Ethereum Foundation, Microsoft, and Samsung.

Today, the price of Ocean Protocol (OCEAN) is €0.185731 EUR, with a 24-hour trading volume of €18.280.265 EUR. OCEAN has fallen by 4.14% in the last 24 hours. The current CoinMarketCap ranking for OCEAN is #186, with a market capitalization of €113.871.431 EUR. It has a circulating supply of 613.099.141 OCEAN coins and a max supply of 1.410.000.000 OCEAN coins.

OCEAN is an ERC-20 token, running on the Ethereum blockchain. As such, it is supported by Ethereum's extensive proof-of-work (POW) mining and node network, which protects it against a variety of attacks.

It can currently be traded on over two dozen exchanges, including several top-tier platforms - Binance, KuCoin, Bittrex, and Poloniex. In November 2020, Binance was the most liquid centralized exchange for OCEAN, while Uniswap was the most liquid decentralized exchange for OCEAN.

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