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Observer Stock

Observer

OBSR

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Observer Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BithumbOBSR/KRW020,510.636,636.39710,044.20.13cex3667/9/2025, 6:20 AM
IndodaxOBSR/IDR0146.0655612,672.290.05cex16/12/2025, 9:00 AM
UpbitOBSR/BTC000259.230cex17/9/2025, 6:23 AM
UpbitOBSR/USDT00010.230cex17/9/2025, 6:23 AM
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Observer FAQ

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Observer is a cryptocurrency that offers a variety of features and functionalities within its ecosystem. As a digital currency, Observer provides users with the ability to conduct transactions securely and efficiently. It utilizes blockchain technology to ensure transparency and immutability of transaction records. Observer's platform also supports smart contracts, enabling the creation and execution of decentralized applications (dApps). This currency is accessible for trading and analysis on platforms such as Eulerpool, where users can find up-to-date information on its market performance, historical data, and other relevant metrics. Whether you are an investor seeking potential opportunities or a developer looking to engage with innovative blockchain projects, Observer offers a comprehensive suite of tools and features to meet diverse needs in the digital economy.

Observer is a groundbreaking initiative in the cryptocurrency sector, concentrating on the collection and trading of weather data through a crowd-sourced model. By employing blockchain and big data technologies, Observer ensures the precision and reliability of the data collected. The project utilizes a utility coin to enable the exchange of weather data, delivering immediate value to its participants. The platform functions via an application that incentivizes users to report weather conditions, rewarding them for their contributions. Furthermore, it uses Observer Nodes, which play a crucial role in overseeing block verification, thus maintaining the integrity and dependability of the collected data. These nodes also participate in the selection of the top Formulator list, ensuring a democratic and equitable system for data verification and block generation. Formulators, essential to the Observer ecosystem, are responsible for connecting online and are rotated periodically to maintain fairness and efficiency in the block generation process. This rotation system is designed to prevent any undue rewards based on group placement, ensuring a fair environment for all participants. Launched in 2018 by a team in Korea, Observer addresses the significant challenge of obtaining accurate climate information at the retail level. By offering hyperlocal weather data, especially in areas like South East Asia where such information is vital, Observer fills a critical gap in the market. Its innovative technology to crowdsource weather data not only advances the field of climate information but also presents a unique application of cryptocurrency and blockchain technology. As with any cryptocurrency investment, it is crucial to conduct thorough research and consider the inherent risks before participating. Observer's emphasis on weather data collection and its use of blockchain technology provides an intriguing opportunity within the cryptocurrency realm, illustrating the diverse potential applications of these technologies beyond traditional financial transactions.

How is Observer secured?

Observer employs a comprehensive strategy to ensure the security and integrity of its platform, addressing the specific needs of its users within the cryptocurrency and blockchain ecosystem. The foundation of Observer's security measures includes the use of PCI Scanning and secure sockets layer (SSL) encryption technology. These technologies are vital for protecting data transmission, ensuring that all information exchanged between users and the platform is encrypted and safeguarded from potential breaches. To further bolster privacy and security, Observer implements pseudonymisation, a process that transforms personal data so that the data subject cannot be identified without additional information that is stored separately and securely. This method significantly reduces risks associated with data processing while maintaining the utility of the data. Internal data access within Observer is stringently controlled through access restrictions. Only authorized personnel are granted access to sensitive data, minimizing the risk of internal data breaches. Physical access to data centers and servers is also tightly regulated, with strict access controls to prevent unauthorized physical access to the infrastructure. Observer acknowledges the importance of continuous security assessment and has established a bug bounty program. This program incentivizes independent security researchers to identify and report vulnerabilities in the platform, allowing Observer to proactively address potential security issues. Additionally, regular professional audits are conducted to assess and enhance the platform's security posture. Communication security is of utmost importance for Observer. All communications within the platform are encrypted end-to-end, ensuring that data remains confidential and secure from interception during transmission. Real-time synchronization of agent activities further strengthens the platform's security by ensuring that all actions are promptly monitored and recorded, allowing for immediate detection and response to suspicious activities. While specific details on the security mechanisms employed by Observer may not be extensively documented, the measures outlined demonstrate a comprehensive approach to securing the platform against a wide range of threats. Users interested in staking or participating in Observer's offerings should conduct thorough research and consider the platform's security features as part of their decision-making process.

How is Observer utilized?

Observer is a cryptocurrency initiative launched on October 8, 2018, by a team in Korea, aimed at transforming the collection of weather data, with a particular focus on hyperlocal climate information in Southeast Asia. The project utilizes blockchain technology to establish a decentralized platform for crowd-sourced weather data collection. Participants contribute by submitting their personal weather observations, and, in return, they earn OBSR, the native cryptocurrency of the Observer platform. This model incentivizes the community to provide accurate and timely weather data. The utility of OBSR extends beyond rewarding contributors; it functions as a medium of exchange within the Observer ecosystem. Data purchasers, including researchers and businesses in need of precise weather information, can acquire OBSR through various methods, such as decentralized exchanges. OBSR is then used to access the valuable weather data contributed by the community, making it a vital asset for transactions within the Observer platform. Observer's approach tackles the challenges associated with traditional climate information collection by leveraging the collective power of individuals. This strategy not only improves the granularity of weather data but also ensures a more dynamic and real-time collection process. The project’s focus on Southeast Asia, a region prone to diverse and extreme weather conditions, highlights Observer's potential impact on enhancing weather prediction and climate research. While Observer presents an innovative application of blockchain technology in environmental data collection, it is crucial for potential participants and investors to conduct comprehensive research and understand the risks associated with trading cryptocurrencies. The volatile nature of digital assets necessitates caution and informed decision-making, particularly when engaging with decentralized exchanges and new blockchain projects.

What significant events have occurred for Observer?

Observer has reached several major milestones since its inception, demonstrating its dedication to enhancing climate information collection through blockchain technology. The establishment of the Observer Foundation was a pivotal event, creating the foundation for the project's development and future initiatives. This foundational step was crucial in aligning the project’s goals and resources with its mission. Further advancing its technological infrastructure, the development of the Observer Core Wallet has been a significant step forward. This tool is essential for users to manage their assets within the Observer ecosystem, reflecting the project's dedication to providing a secure and user-friendly experience. Another noteworthy achievement is the implementation of the Observer Fog Detection Algorithm. This innovation highlights the project's focus on delivering accurate and reliable climate data, critical for improving weather information collection at the retail level. By enhancing the precision of climate data, Observer aims to provide valuable insights for various applications, from agriculture to disaster preparedness. The creation of the Observer Core - Artworks repository further demonstrates the project's commitment to community engagement and transparency. This initiative enables the open sharing of resources and information, fostering a collaborative environment among developers and users. Additionally, the project has actively addressed issues and implemented updates through its Weather-server and Send-Server-Alert repositories. These efforts illustrate Observer’s responsiveness to community feedback and its continuous drive for improvement. Launched on October 8, 2018, by a team based in Korea, Observer aims to revolutionize the collection of hyperlocal weather information in Southeast Asia. By leveraging blockchain technology, the project aims to overcome challenges in climate data collection at the retail level, providing more accurate and accessible information for users. As with any cryptocurrency project, potential investors should conduct thorough research and consider various factors before making investment decisions. Observer's emphasis on climate data collection offers a unique approach within the blockchain space, aiming to contribute valuable insights and solutions to a critical global challenge.

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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.