What Is Itheum?(ITHEUM)
Itheum wants to change this current toxic model for personal data collection and exchange and level the playing field — where the commercial enterprise and “you” (the Data Creator) equally benefit from the trade of personal data. They empowers data ownership in the metaverse and brings new market value to your data. It enables this by providing “decentralized data brokerage” technology.
It’s a suite of tools that enables high-value data to be bridged from web2 to web3 and then be traded via peer-to-peer sales. Itheum Coin allows for “viral adoption” via our creative NFMe ID (Non-Fungible Me ID) and Data NFT technology and innovative Data Coalition DAOs (which bulk trade your data). It also aims to be fully privacy-preserving, regulation-friendly, and cross-chain; making it the most comprehensive core blockchain data infrastructure available in the market with use-cases in both the enterprise and consumer space.
Important Points Table Of Itheum
| Basic | Points |
|---|---|
| Coin Name | Itheum |
| Short Name | ITHEUM |
| Max Supply | 1,000,000,000 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Continental & Trade On Exchange?
Core Products
Itheum has 3 Core Products that work in unison to enable new data to be generated and collected from the web2 world and for that data to then flow seamlessly into the web3 domain (via our Data CAT – Collection & Analytics Toolkit). This data can be claimed by the Data Creators (users who originally generated the data) and traded using our innovative peer-to-peer data trading technology (via Data DEX).
For a platform like Itheum to reach its highest potential it also needs to have mass adoption (more users = more data = more data trade) – we aim to achieve this via our final core product (called the Data Metaverse) – where we provide “viral”, “sexy” and “low barrier to entry” consumer products that will appeal to the masses and in-turn fuel mass adoption.
Data Metaverse
Suite of metaverse, gaming and NFT aligned consumer products that appeal to the masses with a goal to enable mass adoption. The concepts behind data trading and blockchain-backed data technology can be overwhelming for most people to grasp. This is a key reason why many of the current web3 data platforms have very low adoption and hype.
For platforms such as Itheum to change the dynamic of data ownership they need large-scale bottom-up adoption – and this kind of adoption can only come if we build consumer products that “everyone wants to use”.
Greenroom Protocol
They envision a future where metaverse interoperability can be achieved via open-standard digital avatars and your NFMe ID avatars aim to be these open-standard avatars. Interoperability between metaverse platforms is a very early-stage idea but the primary use case is to have the “users or players” move their digital assets and avatars between independent metaverse platforms.
As an example; a player on The Sandbox can move their avatars and assets to Decentraland or possibly even into centralized metaverse platforms like Meta and participate in the native gameplay and ecosystem exploration. The Greenroom protocol is Itheum’s initiative for open-standard metaverse interoperability. It will consist of two parts
Trading Any Arbitrary Data
The Data DEX also allows you to trade any arbitrary data using the same on-chain facilitation process. This allows anyone with a crypto wallet to upload and trade datasets via the Data DEX. This reduces the barrier of entry for end-users and also provides them an equal opportunity to participate in the shared data economy. At this stage, they allow for the trade of the following arbitrary datasets.
Personal Data Proofs
In the decentralized DApps ecosystem (DeFi, DAOs, or any other application use cases enabled via DApps); Smart Contracts enable for agreements between parties to execute based on “indisputable truths”. For example, in a DeFi exchange, a trade transaction between two parties can happen backed by the on-chain state data that confirms that the transaction can indeed proceed (e.g. party A has the tokens to transfer and party B is entitled to receive the tokens based on some pre-agreed above condition). Smart contracts enable trust-less interaction to happen between multiple counter-parties. Traditionally, transactions such as these in finance require a trusted intermediary such as a bank to coordinate.
Data Vault
You can store highly sensitive personal data in your data vault. For example; details about your gender, race, sexual preference, prior health conditions, financial history etc.
This sensitive data is encrypted using your own encryption keys (no one else can unlock and view it) and stored in decentralized, redundant storage (no one else can destroy it)
You can then choose to append data from your vault to the regular data you trade on the Data DEX. As this gives the “dataset” more context, it becomes more valuable to the buyer — and you will earn more $ITHEUM tokens.