The recent $BTC | $ETH | $POL with #BinanceLaunchpoolHMSTR with #HamsterKombat is a scenerio you can't throw oveboard in #BinanceSquareFamily with @DAO Labs championing the course of #SocialMining in @Polygon network
However , Decentralized Physical Infrastructure Networks ( #DePIN ) are secure-enabled physical systems that share control of decentralizesd physical systems, enabling shared resources networks - I mean its peer-to-peer ( P2P ) networks and community involvement, as opined by Danny Park in his article for the Block.
Furthermore , DePINs are made to meet the growing demand for community-owned infrastructure solutions . I mean decentralized solutions, by providing transparency, security, and high performance capability- that is ( its scalability). With reference to Kerem Ozkan, Founder and CEO of Soar Robotics, DePINs objective is to make systems adaptive and responsive by integrating the rewards of the stakeholders.
Similarly, I will like to touch upon the use cases for decentralized physical infrastructure using blockchain technology. These use cases are broad and diverse. Let me start by listing some if its prominent applications. Decentralized finance (DeFi ) is a force you can't throw to the dogs. Data storage, like Filecoin's peer-to-peer storage network is a priority we can't overlook. Telecommunications, in combination with decentralized wireless networks such as @Helium is worth mentioning.
In addition, transportation, integrating projects such as Soarchain building , tokenised- infrastructure data ( TID) , interoperability framework for the transportation industry and Healthcare fosters safe and self-sovereign health identity management. As listed in the "Awesome DePIN" GitHub repository, other use cases include decentralized sensor networks, energy, geo-location, and server compute.
Despite the potentials, DePINs face several challenges. According to Ozkan, the physical environment is not controllable, so interoperability, scalability or anything that's related to safety of the overall systems are still challenges. Verification of participants is another challenge, ensuring that hardware and infrastructure contributors are trustworthy and tamper-proof.
Without mincing words, several prominent projects are using DePINs to turn around physical framework. Worth mentioning are Filecoin, Render, Livepeer Akash network , @Helium , AIOZ, and Hivemapper are championing the course of decentralized solutions. The landmark achievement of @IoTeX Network , in particular, stands out for its hallmark trailblazing mechanism, joining forces with @Polygon to leverage @Polygon s agglayer for self sovereign IoT data identity management.
Above all, as Park notes, DePINs have the potential to disrupt existing infrastructure models across various industries, and with ongoing innovation and collaboration, DePINs are poised to revolutionize industries and create new opportunities for decentralized growth.
For details:
1.
https://www.coingecko.com/learn/depin-crypto-decentralized-physical-infrastructure-networks
2.
https://www.kucoin.com/learn/crypto/top-depin-crypto-projects
3. https://github.com/iotexproject/awesome-depin
4. https://www.theblock.co/learn/299214/what-is-depin
