🌐 "DePIN: Crypto Solutions Connecting the Digital and Physical Worlds" 🚀
"Decentralized Physical Infrastructure Networks", or DePIN for short, defines the networks that connect hardware devices to each other. These projects, which have the potential to work in a decentralized structure supported by cryptocurrency-based rewards, aim to bring together crypto technologies, digital and physical fields.
🔗 What is DePIN?
DePIN is also known as Token Incentive Physical Infrastructure Networks (TIPIN), Physical Proof of Work (PoPW), or EdgeFi; It plays a key role in crypto technologies connecting the digital and physical worlds. DePIN projects aim to offer alternatives to centralized technological solutions and thank those who provide hardware and create the network with crypto rewards.
💡 How Does DePIN Work?
DePIN is based on the idea of the Internet of Things (IoT), meaning it automates processes by connecting physical objects. It works by establishing a balance between hardware, hardware operators, tokens and end users:
Hardware: Parts that connect the physical world to networks, such as access points for wireless networks or extra space for storage networks.
Hardware Operators: Users who purchase or use hardware.
Token: Project-specific cryptocurrency that pays hardware operators for their services.
End Users: People who use the network and can receive services, for example, by trusting WiFi signals to a DePIN project.
DePIN refers to connected real-world devices that provide digital services in a decentralized manner.
Cryptocurrency tokens are used to incentivize and reward users of hardware that power networks.
Helium is the pioneer of DePIN projects and is used in different areas such as IoT, 5G, cloud storage, mapping and data sharing.