Like and Win: Binance India Community, Welcome to Square!
Dear Binance India Community, welcome to Binance Square! To show our excitement at you being with us, we are launching a “Like and Win” campaign that’s available just for you. Simply like at least one piece of content each day for 7 consecutive days during the campaign period and get a chunk of our prize pool of $5,000 in BNB token vouchers. Campaign Period: 2024-08-16 11:00 to 2024-08-26 23:59 (UTC) How to Participate: Like at least one piece of content on Binance Square each day for 7 consecutive days during the campaign period. Eligibility: This campaign is open only to users with India KYC. Rewards: All eligible participants will share a $5,000 in BNB reward pool, with rewards capped at $1 per participant.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
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Terms and Conditions: The campaign is open only to users with India KYC.Rewards are capped at $1 per participant.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here. Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.
The #FVM opened the doors for more innovation on the Filecoin network. Check out what the FVM enables: ✅ Connect to other blockchains with bridges via @axelarnetwork & @CelerNetwork. ✅ Trade & swap with @Uniswap v3 & @SushiSwap. ✅ Access real-world data with @PythNetwork. ✅ Make payments seamless for DePIN networks such as @FilecoinStation & @FilecoinSaturn. ✅ Use your favorite wallets like @MetaMask, @Ledger, @Brave, and @FoxWallet! Dive into the latest article by @FilecoinTLDR: https://bit.ly/3TMvvi3
The #FVM opened the doors for more innovation on the Filecoin network. Check out what the FVM enables: ✅ Connect to other blockchains with bridges via @axelarnetwork & @CelerNetwork. ✅ Trade & swap with @Uniswap v3 & @SushiSwap. ✅ Access real-world data with @PythNetwork. ✅ Make payments seamless for DePIN networks such as @FilecoinStation & @FilecoinSaturn. ✅ Use your favorite wallets like @MetaMask, @Ledger, @Brave, and @FoxWallet! Dive into the latest article by @FilecoinTLDR: https://bit.ly/3TMvvi3
Probability of #DePIN #Filecoin $FIL going through $25 ~ 250 ~ 2500 is more, given the context of potential and the institutional investments. Soon, Major publishing units would talk about It's intensity.
Have you checked out the latest version of @FilscanOfficial Filecoin Explorer? It provides valuable insights into: 🔹Network Overview 🔹Data Analysis 🔹Filecoin Ecosystem 🔹Contract Transactions 🔹Storage Providers' Ranking 🔹Contact Rank And more! https://t.co/9tA1rZRg4L
面对以上问题,LingoAI推出的LingoPod是一个实用的跨语言翻译器,同时也是一个可以保护用户数据隐私的、真正为用户自己服务并可以用语料挖矿的去中心化AI智能体。DePINs行业通过代币激励人们按照感应器,共享来自物理世界的真实的、实时的数据,用以各种模型训练。LingoPod通过代币激励机制在保护个人隐私的前提下可汇集大语言模型训练与微调所需的全球各种语音语料,包括濒危的语种和没有文字的语种语料。LingoAI是AI民主化与可持续发展的一个AI x DePIN基础项目。
LingoPod只是LingoAI的冰山一角,LingoAI开创性的从根部融合了Web3.0与AI的MetaGraph技术协议栈。MetaGraph使AI大语言模型LLM与知识图谱RAG结合体在更底层的语义网层面通过SOLID和MetaLife的数据与应用分离、点到点通讯与区块链账本技术实现价值互联网,彻底解决人工智能数据短缺和数据确权的瓶颈问题,实现A Web of Data的构想,让AI可持续发展。
DePIN extends blockchain's decentralization principles to tangible infrastructure like energy grids and supply chains. It leverages blockchain and IoT technologies to create autonomous and transparent systems.
DePIN can offer enhanced security, efficiency, and transparency in physical infrastructure, democratizing access to resources like energy and transportation. It can also empower economic participation through peer-to-peer transactions and token rewards.
Introduction
From finance to art, blockchain has revolutionized various aspects of our lives. But this revolution isn't just limited to the digital world. Blockchain is also being used in a variety of fields in the physical world, which relates to the concept of DePIN – decentralized physical infrastructure networks.
What Are Decentralized Physical Infrastructure Networks?
DePIN refers to the application of blockchain technology to physical infrastructure and systems. It seeks to leverage blockchain and other technologies to create decentralized networks for tangible infrastructure such as energy grids, supply chains, telecommunications, transportation systems, and more.
How DePIN Works
DePIN involves the decentralization of control of a network using blockchain technology. Typically, it relies on a combination of blockchain technology and the Internet of Things (IoT).
Blockchain serves as a secure and transparent ledger that records transactions and data exchanges within the network. It ensures trust and transparency by providing an immutable record of all transactions. Meanwhile, the IoT consists of interconnected devices that collect and exchange data in real time. In a DePIN system, these devices communicate with each other and with the blockchain database, enabling autonomous and responsive interactions within physical infrastructures.
DePINs utilize blockchain to distribute authority across networks, and it can be applied to various fields, including energy, supply chains, telecommunications, data storage, transportation, and real estate.
In energy, for instance, decentralized grids can enable peer-to-peer energy trading, with all interactions recorded transparently on the blockchain. Smart contracts can automate transactions, promoting efficiency and renewable energy use. In some cases, users may also receive cryptocurrency rewards as incentives to encourage participation and growth.
Why DePIN Matters
Security and efficiency
DePIN can enhance the security and efficiency of physical infrastructure by eliminating single points of failure and reducing the risk of tampering or manipulation. With blockchain technology, transactions and data exchanges are secured by cryptography, and the distributed database helps protect against attacks or unauthorized access.
Transparency and traceability
In industries like supply chain management, DePIN can provide greater transparency and traceability. By recording every step of the production and distribution process on a blockchain, companies can ensure the authenticity and integrity of their products. This can help prevent fraud, counterfeiting, and other illicit activities.
Democratization of resources
DePIN has the potential to democratize access to essential resources such as energy and transportation. Instead of relying on centralized providers, individuals and communities can participate directly in the production, distribution, and utilization of these resources. For example, with a decentralized energy grid, homeowners can generate and sell excess electricity to their neighbors, creating a more equitable and sustainable energy ecosystem.
Economic empowerment
By decentralizing control over physical infrastructure, DePIN can empower individuals and communities economically. It can enable peer-to-peer transactions and incentivize participation through token rewards. This can create new opportunities for entrepreneurship and innovation, particularly in underserved or marginalized communities.
Examples of DePIN Projects
Filecoin
Filecoin addresses the need for decentralized storage solutions by leveraging blockchain technology. It allows users to rent out their unused storage space and earn cryptocurrency in return. This decentralized storage network ensures data security, redundancy, and availability through a distributed network of storage providers.
Render
Render is a DePIN project focused on offering decentralized GPU-based rendering solutions. It connects node operators who want to monetize their idle GPU computing power with artists who need to scale intensive 3D rendering work and applications. In addition to the decentralized GPU computing network, Render offers a platform for artists and developers to build services and applications.
The Graph
The Graph is a decentralized protocol for indexing and querying blockchain data. It’s focused on organizing data while making it easily accessible to everyone. Graph Explorer allows developers to search, find, and publish all the public data they need to build decentralized applications (DApps).
Challenges and Future Outlook
While DePIN holds great promise, it also faces several challenges. Regulatory hurdles, technical scalability issues, and interoperability concerns are among the key obstacles to widespread adoption. Additionally, integrating blockchain technology with physical systems requires robust security measures and user-friendly interfaces.
However, despite these challenges, the future of DePIN looks promising. As technology continues to evolve and innovate, DePIN projects will likely overcome these obstacles and unlock new opportunities for decentralized physical infrastructure. By empowering individuals and communities to shape their own infrastructure and resources, DePIN has the potential to transform the way we interact with the physical world.
Closing Thoughts
DePIN, or decentralized physical infrastructure networks, revolutionizes tangible infrastructure by applying blockchain and IoT technologies, ensuring autonomy and transparency. It can offer improved security, efficiency, and transparency while democratizing access to essential resources like energy and transportation.
Further Reading
What Are Real World Assets (RWA) in DeFi and Crypto?
Blockchain Use Cases: Supply Chain
Blockchain Use Cases: The Internet of Things (IoT)
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