[A web3 concept every day] What is DePin?
DePIN (Decentralized Physical Infrastructure) uses incentives to encourage individuals to share resources such as networks, thereby achieving a decentralized physical infrastructure network. This resource sharing covers storage, communication traffic, cloud computing, energy, etc. DePIN's model can transform the provider unit that provides basic cloud resources from an enterprise into a crowdsourcing model for individual users.
DePIN uses incentives to encourage users to provide network resources that can be shared, including GPU computing power, hotspots, storage space, etc. However, early DePIN incentives had no practical use. How can DePIN now use a more complete incentive mechanism and a more complete related ecology to enable personal resource providers to obtain more practical incentives, bringing positive feedback development to providers and consumers as well as the development of the DePIN ecosystem. Yes, it's very abstract.
DePIN Web3 emerged to address key challenges in the Web3 ecosystem, specifically bottlenecks associated with centralized infrastructure. This decentralized model reduces the stress of any single point of failure and provides a better infrastructure for decentralized applications.