Category of the Day: #DEPIN
đž What is DePin?
DePin stands for ''Decentralized and Physical Infrastructure Networks''.
đž What Does DePin Aim For?
It is an important step for crypto-based technologies based on physical proof of work (PoPW) to bridge the gap between digital and physical spaces.
In addition, DePin is responsible for establishing the crypto-based infrastructure of the physical world. Infrastructure can be anything.
It can be found everywhere from Wi-Fi in our homes to homes operating with solar energy.
đž What Does DePin Mean?
DePin refers to infrastructure projects that use tokenization to coordinate and incentivize the bootstrap stages.
đž What is the Importance of DePin?
The main idea is to oppose the traditional model in minds. In traditional methods, the costs in communication and informatics are at a high level.
For example; Investing in energy causes a huge waste of time and money. Web3 projects in this regard oppose this and follow DePin.
đ Leading Projects in DePin Field
There are popular projects such as #FILE, #RNDR, #THETA, #HOT, #IOTX.
(You can reach the detailed list from crypto search engines such as CoinMarketCap, CoinGecko!)
