Today the community had a wonderful discussion on #w3bstream . Summarizing the views is very helpful in understanding #w3bstream .

1️⃣ Question: Why does the #depin device need to be connected to w3bstream? What is the purpose of access?
Answer: w3bstream is a decentralized off-chain computing protocol that integrates zk. Help depin devices calculate, process, and store data, generate trustworthy certificates on the chain, and protect data privacy.
Without w3bstream, the device data processing of the depin project is processed and stored in a single centralized system. There is a risk of data tampering and it is difficult to protect data privacy.

2️⃣ Question: Why launch w3bstream? And its strategic purpose?
Answer: w3bstream can be regarded as an independent project and can issue coins independently, but it does not do this. It uses a rigid requirement to pledge $IOTX and involves iotx in the integrated depin project.
Each chain has projects that it wants to depin, or in other words, each depin project will choose a popular public chain, not necessarily the #iotex public chain. At this time, you can use the w3bstream protocol, so you need to pledge iotx and use iotx tokens in disguise.

The #iotex system is divided into L1 and L2. L1 is the current iotex public chain, and L2 is #w3bstream that is about to release the main network. This layering is based on the Rollup method of Ethereum, and most of the data processing and execution are placed in L2, l2 It is characterized by batch processing, rather than individual processing like L1. L1 verifies the batch processing results of L2 through smart contracts. L1 acts as a trust anchor, greatly reducing the burden on L1 and increasing the speed of data processing. , this is necessary in the massive data processing of the Internet of Things in the trillion-dollar market in the future. There are also a large number of dapps on L1 that use the trusted data provided by L2 access devices to reward device providers with tokens. This is the token. Economics, it can be said that Iotex integrates blockchain, Internet of Things, and token economics.

The upward curve of iotex, which focuses on industry technology, will inevitably have an explosive period. #depin This is a slow-heating track, and real industry applications may gradually bloom from 2024. Remember, if the industry is paved the way for slow growth, it will enter the explosive period. I am looking forward to whether the #w3bstream main network will be launched and operated in 2024 to catch the traffic of IoT devices in this trillion-dollar market!

PS: It does not constitute investment advice and only represents personal opinions.

Here is a more detailed layered diagram: $IOTX

📣 2024.2.12 #depin Track Insight (Weekly Report) 📣

1️⃣ Foresight X joins the DePIN SURF Program as an exclusive accelerator partner to help the development of the DePIN track.
2️⃣ Streamr Network 1.0 testnet was successfully completed and mainnet 1.0 will be launched in a few weeks.
3️⃣ WiFi Map releases its 2024 roadmap, aiming to bring 175 million user data into the blockchain through L2 technology and change the way users travel.
4️⃣ Helium received the Pyth Network token PYTH airdrop and plans to lock the airdrop token to participate in Pyth network governance.
5️⃣ enviroBLOQ is a data collection and analysis platform and plans to issue tokens in 2024 Q1.
6️⃣ Currently, 24 DePIN projects have been integrated with #w3bstream , helping 500,000 devices calculate and verify data. #iotex $IOTX

#w3bstream will become the computing layer for the entire #depin field, which can improve the security and decentralization of the depin project and reduce costs. $IOTX

📣 2023.12.25 #depin Track Insight (Weekly Report) 📣

1️⃣ #w3bstream There are already 22 DePIN projects in the ecosystem, helping nearly 430,000 devices process and verify data.
2️⃣ The Hivemapper network currently has 32,000 map contributors who have drawn 100 million kilometers of maps
3️⃣ MetaBlox will launch its latest hardware products on Indiegogo on January 1, 2024, and early purchases can enjoy discounts.
4️⃣ The DIMO network has more than 30,000 vehicles, and the Bminer mall now supports users to purchase its hardware.
5️⃣ Streamr 1.0 testnet is launched, with total rewards up to 1.5 million DATA tokens.
6️⃣ Conflux integrates #iotex w3bstream to help developers simplify the process of building DePIN projects.
$IOTX

gm☕️

#depin The most well-known data flow service provider in the field #streamr The proposal to integrate #iotex has been passed. 🎉
As we all know, DePIN faces problems such as node fraud and data tampering, making it difficult to regain the trust of investors. This integration will directly combine with #ioID (decentralized identity) and #w3bstream (off-chain computing) to make DePIN further decentralized and verifiable. 🐐

$IOTX

📣 2024.6.3 #depin Track Insights (#iotex Ecological Weekly Report)📣

1️⃣ IoTeX and Galxe jointly held a GOATs points event, airdropping 5 top DePIN protocol tokens based on the number of points.
2️⃣ Network3 has 191,284 active devices in 135 countries around the world.
3️⃣ The developer community initiated a vote on the IIP-31 proposal, which aims to cross-chain assets on#Solanato IoTeX.
4️⃣ Drop Wireless has reached a cooperation with Streamr Network to strengthen the decentralized transmission of data and protect privacy.
5️⃣ The Inferix GPU network has 1,455 nodes to provide decentralized rendering services.
6️⃣ Wayru launched the OG club, and this role will have a variety of exclusive benefits.
7️⃣ There are 25,571 IoTeX network chain devices, 284,478,489 37 DePIN projects have integrated a total of 1,095,330 devices.

$IOTX

#depin is getting hotter and hotter 🔥, but I think only a very few people realize the potential of #iotex . Reason 👇
1️⃣ IoTeX is a public chain compatible with evm and has 13 depin ecological projects.
2️⃣ #w3bstream is a multi-chain protocol developed by iotex for depin to help depin devices process and verify data. It has been integrated with multiple chains such as IoTeX, Ethereum, Polygon, Solana, Optimism, Arbitrum, etc., which means that depin projects of these public chains can use w3bstream, which can be understood as the "Graph and Chainlink" in the depin field. In the future, depin projects will need to pledge a certain amount of $IOTX tokens to use w3bstream. Currently, 18 depin projects have integrated w3bstream, helping 390,000 devices process and verify data.
Summary: The above two products empower $IOTX tokens. 🚀

Generating #zk verification requires a lot of computing resources and bandwidth. The demonstration of the ASIC mining machine this time will make #w3bstream truly landed and become the most reliable oracle in the entire #depin field.

The verifiable era of#DePINis coming. 🚀

#iotex $IOTX

#depin is getting 🔥, almost every chain is laying out.

#iotex is committed to becoming the industry standard in this emerging field with years of technology accumulation (decentralized identity DID, off-chain computing protocol #w3bstream ). Well-known projects such as Filecoin, Helium, Theta, Akash, DIMO, etc. have adopted its technology.

The second IEEE #depin Workshop led by IoTeX will be held on May 31. 👇 $IOTX

This blogger’s analysis of #iotex is very objective. By the way, let’s talk about some potential benefits👇🐑

1️⃣#IoTeX2.0 is coming soon
2️⃣ Ecological DePIN projects #inferixgpu, #powerpod, #wayru, etc. will issue coins on the mainnet in Q2
3️⃣ #w3bstream released the economic model, which is good for $IOTX holder.

With the support of DePIN+#Ai’s top narrative, IoTeX has the potential to replicate the 100-fold miracle of matic during the DeFi Summer period.

EV3 Research is also studying verification issues in the crypto field, and mentioned the zkp solution.

From the public information of many research institutions, #zkp is the best choice, but for depin, zkp requires a lot of computing resources and it is difficult to implement.

#w3bstream + #ASIC Mining machine is indeed a good solution, which can meet the needs of the depin project while protecting privacy. If it can become a standard, it is expected to reproduce the "chainlink" moment of the year. 🤯

#iotex $IOTX

#w3bstream is the off-chain computing platform for the entire #depin field. $IOTX

Some data about the #w3bstream ecosystem. 👇

41 #depin +#ai projects have integrated w3bstream, including well-known projects such as Render, Filecoin, Akash, ionet, Aethir, Network3, PowerPod, etc. Help 2.3 million devices calculate and verify data, and these devices are distributed in 194 countries and regions around the world.

#depin is a global movement. 🐐 #iotex $IOTX

After studying the latest white paper of #w3bstream , it has been upgraded from a single off-chain computing protocol to a more open framework. How to understand? 👇🐐

In addition to the zero-knowledge proof (ZKP) developed by #iotex , w3bstream can also accommodate all privacy protection technologies on the market, such as TEE, SMPC, BYOP, ZKP (RISC Zero), and developers can choose the solution that suits them according to business needs.

In the absence of application scenarios for privacy technology at present, it is a good choice to integrate #w3bstream , because #depin has nearly 20 million devices with a large number of privacy requirements during data calculation. 😁

$IOTX

#iotex As the leader of #depin , 2024 is a critical year because the W3bstream mainnet is about to be released. The Internet of Everything has always been the vision of the iotex team. The prerequisite for the Internet is that the device must be trustworthy. Only devices that have been trusted and verified by #w3bstream can provide data to DAPP. What w3bstream wants to do is any one on any public chain. Dapp can access any type of device that has been trusted and verified. It spans multiple chains and heterogeneous devices (sea, land and air). w3bstream is the entrance to the Internet of Everything. The launch of this product is bound to be a major benefit! In 2023, mainstream L1 networks such as Ethereum, IoTeX, Solana, Polygon, Arbitrum and Optimism have all been integrated with W3bstream. Looking forward to the mainnet launch in 2024.
$IOTX

PS: This does not constitute investment advice, just sharing my own opinions.

📣 2023.11.27 #depin Track Insight (Weekly Report) 📣

1️⃣ GEODNET has reached cooperation with JDI Global and Bminer. The first step of the cooperation is to sell GEODNET mining machines in DePIN Mall b.xyz.
2️⃣ DIMO and NATIX have reached a cooperation, and users of both parties can enjoy exclusive rewards for participating in their respective networks.
3️⃣ Apply for Drop Wireless node and have a chance to obtain G2 wireless node equipment supported by #w3bstream .
4️⃣ Helium passed the HIP 96 proposal, which proposes a new fee structure for adding WiFi access points to the Helium network.
5️⃣ So far, 14 #depin projects have accessed the off-chain computing infrastructure #iotex developed by #w3bstream , and the number of verification equipment is 359774. $IOTX

w3bstream is helping 1.6 million #depin devices calculate and verify data. Will this cycle reach 16 million devices? 🤔

#w3bstream may be the world's largest decentralized data open platform, and its value is self-evident.

#iotex $IOTX 🐐

#w3bstream The Sprout version is finally coming, and there are several key pieces of information.
1) The community can participate as a w3bstream node and earn $IOTX and #depin mainstream tokens
2) Support zk and protect data privacy
3) A community vote may be opened to include w3bstream equipment in the burn vote. If passed, hundreds of millions of $IOTX tokens will be destroyed. #iotex

Good point. The core idea of ​​#depin modularization is to process and calculate device data off-chain by #w3bstream , and send the proof to the chain, which perfectly solves the bottleneck problem of current blockchain performance.

#iotex $IOTX 🐐