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Berry Data priceBRY#2616
4.58% (1d)
Berry Data to USD Chart
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Berry Data statistics
- Market cap
- $48.88K
4.58%
- Volume (24h)
- $437.13
86.05%
- FDV
- $183.29K
- Vol/Mkt Cap (24h)
- 0.8943%
- Total supply
- 7.50M BRY
- Circulating supply
- 2M BRY
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Berry Data community
Berry Data Markets
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About Berry Data
What Is Berry Data (BRY)?
Berry Data is a transparent and community-verified price oracle on the Binance Smart Chain (BSC). Berry Data offers a trustless, decentralized alternative for off-chain data acquisition. It provides the necessary infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide valid data.
Berry Data is an oracle system where parties can request the value of an off-chain data point and miners can compete to add this value to an on-chain data-bank which can be accessed by decentralized applications (DApps) on the Binance Smart Chain.
The inputs to this data-bank are secured through a staked miner network. Berry Data utilizes crypto-economic incentive mechanisms that reward data submissions made by miners while pushing out bad actors. This is ensured through Berry Data’s governance token BRY as well as a dispute mechanism.
Miners are incentivized to submit data via inflationary rewards, and the data types they update are chosen based on the tips assigned to each query. DApps and other data users can gain access to the latest data feeds by paying a service fee in BRY. They can also request additional data and price feeds by offering rewards as an incentive to miners.
Every 3 minutes, the BERRY smart contract groups the top most funded data types and creates a proof-of-work (PoW) challenge for the miners to solve. The first miner to provide the PoW solution for the off-chain data point is rewarded with newly minted tokens and the accumulated service fee for that specific data request.
Who Are the Founders of Berry Data?
What Makes Berry Data Unique?
How Many Berry Data (BRY) Coins Are There in Circulation?
How Is the Berry Data Network Secured?
Where Can You Buy Berry Data (BRY)?
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Berry Data Price Live Data
The live Berry Data price today is $0.024438 USD with a 24-hour trading volume of $437.13 USD. We update our BRY to USD price in real-time. Berry Data is up 4.58% in the last 24 hours. The current CoinMarketCap ranking is #2616, with a live market cap of $48,876.20 USD. It has a circulating supply of 2,000,000 BRY coins and a max. supply of 7,500,000 BRY coins.