The Prometues ecosystem is a blockchain-based decentralized and secure platform that enables completely trustless and anonymous data storage and sharing. Prometeus was initially intended to be a data trading marketplace. Prometeus data exchange platform known as stoa, allows users to be compensated for selling their personal data or the rewards of their labor preserved as files. For example, it enables artists to receive incentives from their fans in exchange for selling them unique music, movies, photographs, and so on. It acts as a decentralized cross-horizontal big data hub (Health Care, Finance, Public, Research, Retail, Marketing) that links data producers from any industry to data consumers.
About Prometeus Network
Prometeus Coin is a DeFi initiative that is data-driven. Prometeus Network (PROM) is a project that seeks to tackle data brokerage difficulties. The initiative, which is said to be entirely decentralized, intends to tackle real-world data broking concerns and is moving in that direction. PROM is the native utility token of Prometeus.
Once the mainnet is operational, users will be required to stake the PROM in order to take part in the Proof of Staked Authority (PoSA) network consensus and receive PROM incentives in return. PROM is also used to pay for services in Prometeus-based applications.
The Prometeus Network powers people-owned data marketplaces by offering new ways to connect with and benefit from data. They employ a peer-to-peer model to operate across borders and jurisdictions. Their aim is to give data owners back control of their data and to allow everyone to express themselves freely.
What is Prometeus Network [PROM]?
The Prometeus Network is open-source and accessible to the public. It is free to join and use, and it is not owned or controlled by anybody. The blockchain-based infrastructure is intended to enable open and global communication without censorship. It enables the safe and decentralized purchase and sale of any data. Prometeus products are not regulated by anybody and cannot be stopped by any obstacle due to their decentralization.
Prometeus is a layer 2 decentralized framework developed by Prometeus Labs with the goal of providing secure and anonymous data storage and sharing. Binance Smart Chain is used for communication between Prometeus nodes, while Arweave is used to hold electronic documents and Sia Skynet is used to disseminate it.
Who Are the Founders of Prometeus Network [PROM]?
They are Prometeus Labs, a group of professionals from many professions and businesses who are united by the notion of decentralised, censorship-free communication. They are a group of highly talented experts with considerable experience in blockchain and cryptography, artificial intelligence, big data, adtech, and data broking. Their professional experience led them to the shocking issue of data privacy and freedom of speech violations that is prevalent in the current digital environment.
This is how Prometeus was founded. They created a data trading system that enables users to fully own and monetize their data.
What Makes Prometeus Network Unique?
Smart contracts-based business logic spreads all value across the system in a sustainable and transparent manner. All financial data is recorded intrinsically on a public blockchain. Data in the Prometeus network is stored indefinitely on a distributed data storage system. Because of its nature, no information in the Prometeus Network can be censored: filtering is impossible by design. Self-regulating community is in charge of reputation management.
Where Can You Buy Prometeus Network [PROM]?
You can buy PROM on many exchanges such as Coinone, Bittrex, and Bitmax.
Is it possible to purchase PROM with cash?
No. It is not possible to purchase PROM with cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
How PROM is secured?
There is no need for KYC or any other kind of personal identity. While being uploaded to the safe and successfully distributed storage, all data is encrypted. Nobody gets access to data unless they pay for it.
On what factors the price of the PROM Depends?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact PROM price and market cap.
Prometeus Network Official website – https://prometeus.io/
Prometeus Network Medium – https://medium.com/prometeus-network
Prometeus Network Twitter – https://twitter.com/prometeusnet