The Modern Financial Data Platform

Subscribe for $2
Analyse
Profile
Berry Data Stock

Berry Data

BRY

Price

0.02
Today +/-
+0
Today %
+0 %

Berry Data Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
Gate.ioBRY/USDT0.02166.042.116,386.270cex12/14/2025, 11:26 AM
Gate.ioBRY/ETH0.010000cex14/8/2025, 6:32 AM
1

Berry Data FAQ

What is Berry Data (BRY)?

Berry Data is a transparent, community-verified price oracle operating on the Binance Smart Chain (BSC). It provides a trustless, decentralized solution for acquiring off-chain data. Through Berry Data, decentralized applications can query off-chain data effectively, with miners incentivized to deliver valid information. The system functions as an oracle where requests for off-chain data values are fulfilled by miners who compete to add this information to an on-chain data bank, accessible by decentralized applications (DApps) on the Binance Smart Chain. This data bank relies on the security provided by a network of staked miners. Berry Data employs crypto-economic incentives to reward accurate data submissions from miners while excluding malicious actors. This is facilitated through Berry Data’s governance token, BRY, and a dedicated dispute mechanism. Miners are motivated to submit data through inflationary rewards, with data types updated according to the tips assigned to each query. Decentralized applications and other users can access the latest data feeds by paying a service fee denominated in BRY. Additionally, they can request specific data and price feeds by offering incentives to miners. Every three minutes, the BERRY smart contract selects the data types with the most funding and issues a proof-of-work (PoW) challenge for miners to solve. The first miner to solve the PoW challenge for the off-chain data point receives newly minted tokens along with the accumulated service fee for that data request.

Who Founded Berry Data?

Key members of the Berry Data team include John Wu, Mandy Ng, and Dr. Tom Hao. John Wu serves as the Chief Technology Officer (CTO) of Berry Data and was previously a senior technical architect at IRISnet. Prior to that, he contributed as a community code contributor to the Cosmos Project. Mandy Ng holds the position of Chief Operating Officer (COO) at Berry Data and formerly worked as a business development manager at KuCoin exchange. She has experience in coin listings within the Asia-Pacific (APAC) region. Dr. Tom Hao is the lead scientist at Berry Data. He earned his Ph.D. in computer science from Jilin University in China.

### What Distinguishes Berry Data? Berry Data sets itself apart with several unique features and characteristics: 1. **Decentralized Oracles**: Berry Data operates as a decentralized oracle system on the Binance Smart Chain, enabling smart contracts to securely interact with real-world data in a trustless framework. 2. **Community-Governed**: It employs a governance model that allows token holders to vote on major decisions, ensuring that the platform is driven by the community. 3. **Data Transparency**: Through the network, data transparency is maintained, which facilitates open and verifiable usage of data for smart contracts. 4. **Economic Incentives**: The system incentivizes data reporters with fees and newly minted tokens, encouraging a robust and reliable data ecosystem. 5. **Security Measures**: Berry Data implements comprehensive security protocols to mitigate risks such as data manipulation or unauthorized access. 6. **Wide Application Range**: It supports a broad spectrum of applications, including DeFi, prediction markets, and supply chain management, among others. For more detailed information about Berry Data, refer to Eulerpool where you can explore its market performance, historical data, and much more.

BRY is the governance token of Berry Data, aimed at establishing a transparent, community-driven, open-source oracle platform tailored for the decentralized finance (DeFi) ecosystem on the Binance Smart Chain. Berry Data features a 23% ecosystem fund. This revenue stream, overseen by the Berry team, is used to incentivize token holding, data collection and validation, the development of new technology and open-source decentralized applications (DApps), as well as participation in governance. Berry Data collaborates with DeFi projects on the Binance Smart Chain by offering customized oracle tools at competitive fees. For further information, you can explore Eulerpool.

What is the Circulating Supply of Berry Data (BRY) Coins?

Berry Data (BRY) has a circulating supply of 2,000,000 tokens and a maximum supply of 7,500,000 BRY as of March 2021, according to Eulerpool.

What Mechanisms Secure the Berry Data Network?

Data values on the Berry network are subject to disputes, allowing them to be taken off-chain. The likelihood of data remaining on-chain, thereby enhancing its security, increases the longer a user waits to contest it after it has been submitted. Any entity can challenge a data submission from any miner, provided they submit a dispute fee with each challenge. Upon submission of the dispute fee, the miner accused of submitting potentially malicious data is placed in a locked state for the duration of the voting process. During the subsequent 48-hour period, BRY token holders have the opportunity to vote on the accuracy of the contested data. All holders of BRY tokens are encouraged to participate in this voting process to uphold a network of reliable oracles.

Where Can Berry Data (BRY) Be Purchased?

Berry Data (BRY) is available for trading on the following exchanges: * PancakeSwap * Hotbit * OpenOcean For additional insights into the process of purchasing cryptocurrency, you can refer to Eulerpool’s comprehensive guide.

Investors interested in Berry Data are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.