Introduction DePIN: Decentralized Physical Infra Network

DePIN, or Decentralized Physical Infrastructure Network, is an emerging concept that revolutionizes the way infrastructure is developed and maintained. Learn how blockchain technology and distributed networks can create a more inclusive and efficient infrastructure ecosystem.

Content from A Law IoTeX - Research Scientist

Why do you need DePIN?

However, the infrastructure behind the application scenarios of CryptoPlanet is still centralized.

These infrastructures are vulnerable to centralization risks, such as monopoly, censorship, etc. So what happens when blockchain meets infrastructure?

DePIN’s role in the world of monopoly

Exploring the Design Space of DePIN DePIN is built on four fundamental components that enable it to innovate in decentralized networks:

1. Physical Infrastructure: DePIN requires building and maintaining physical infrastructure in the physical world.

2. Off-chain computing infrastructure: DePIN relies on middleware that allows real-world data to be ingested, analyzed, and then used to calculate user contributions and actual demand.

3. Blockchain Architecture: Blockchain serves as a tamper-proof ledger, device registry, and home to the token economy. Token Incentives: Tokens are used as a means to incentivize the supply side of the network (e.g., to incentivize contributors), and are often used as a currency to price demand for network services (e.g., to purchase broadband access).

DePIN Turbo Effect

The DePIN project leverages the power of a token-based catapult effect to drive network usage, token prices, and ecosystem growth. As the network grows, investors become more interested and begin to support the project with funds. If a project is open source, or contributor/user data is made available to the public, developers can build dapps on top of the data, creating additional value within the ecosystem and attracting more users and contributions.

The following figure shows an example of such a wheel on the market.

DePIN Track

September - 5.2B

October - 6.4 B

Due to limited space, the case project with DePIN will not be described in detail here.

However, the next batch of 100x coins must have a place in the DePIN ecosystem.

To learn more about DePIN, you can join the DePINLand community