On April 7th, Wangxiang Blockchain Chairman and HashKey Group Chairman and CEO Xiao Feng stated in his keynote speech at the "2024 Hong Kong Web3 Carnival" that blockchain is inherently built on DePIN, and Bitcoin hardware mining is a primitive version of DePIN. The relationship between DePIN and blockchain can be divided into three stages: the first stage is Bitcoin and PoW mining, the second stage is the trusted data base proposed four or five years ago, which aims to connect IoT devices between many organizations and make the data trustworthy; the third stage is after the emergence of the AI big model in 2024, to adapt to the AI productivity revolution, it is necessary to use DePIN and hardware for distributed storage, distributed computing, and distributed data collection. At the same time, Xiao Feng pointed out that he believes there will be a fourth and fifth stage in the future, and the future value will be greater, deeper, and wider.
Xiao Feng said: "Last year, we initiated the Green Bitcoin Alliance to achieve carbon neutrality for the carbon emissions generated by Bitcoin mining. Currently, 12% of the blocks have achieved carbon neutrality, and it will take another 10 years to achieve carbon neutrality for all blocks." Xiao Feng also pointed out that DePIN's natural advantages are in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region, which are the manufacturing bases of global intelligent devices. Because all Bitcoin mining machines are manufactured in the Greater Bay Area, the first generation of DePIN manufacturing and distribution is also predicted to be in the Greater Bay Area in the future.
