🔥 Will DePIN explode in 2024?
DePIN (Decentralized physical infrastructure) directly translates to Decentralization of physical infrastructure.
The biggest difference from traditional networks (such as mobile networks, Alibaba Cloud services, etc.) is that DePIN uses tokens to initiate the deployment of physical infrastructure, and leverages Blockchain technology to build and operate real-world physical infrastructure and hardware networks in a permissionless, trustless, and Programmability manner.
In simple terms, DePIN is a network of physical infrastructure devices owned and monetized by users, device users, and businesses. Everyone should be familiar with FIL, and this is a typical example (project) based on DePIN.
🚀 Projects under the current DePIN concept are mainly built on these four Blockchain networks: Solana, Polygon, Ethereum, and IoTeX.
⭐️ Solana
As a general-purpose Layer1 Blockchain, Solana is very suitable for DePIN projects due to its low transaction cost, high throughput, scalability, and existing Solana DePIN ecosystem.
Currently, the most well-known Solana DePIN projects include Helium, Hivemapper, and Render.
⭐️ Polygon
Polygon can increase the flexibility, scalability, and sovereignty of Blockchain projects, while also providing EthereumBlockchain-based security, interoperability, and structural benefits.
Currently, the most well-known Polygon DePIN projects include DIMO, GEODNET, and XNET.
⭐️ Ethereum
Ethereum is a platform for numerous other crypto assets, as well as DecentralizationSmart Contract execution, with the largest community of crypto developers, contributors, and investors, attracting interest from several DePIN crypto projects.
Currently, the most well-known Ethereum DePIN crypto projects include Deeper, FOAM, and Ocean.
⭐️ IoTeX
IoTeX is a platform designed for DePIN builders that combines fast, secure Blockchain technology with the Internet of Things (IoT) and smart devices.
Currently, the most well-known IoTeX DePIN projects include Envirobloq, Drop Wireless, and HealthBlocks.
🖋 The DePIN concept has the potential to attract a lot of attention and generate significant profits in the next 6–18 months, so it can be noticed and understood in advance. Of course, it is important to remember that no matter what the field or project, please always keep the relevant risks in mind.
(The source only represents the author's point of view)
