MINIMA万物互联
--
💹Minima’s 2024 Depin track trip
1)🔗(DePINs) Decentralized Physical Infrastructure Network – a word you often hear and read – 🔗
We break it down now in this thread 🧵
2) What are depins? They are decentralized, community-owned infrastructure systems based on blockchain technology. From e-bike sharing to storage solutions, they provide alternatives to centralized platforms like Uber, providing tokens to contributors.
3) There are two types of depin: physical resource network (PRN) is location-dependent and provides irreplaceable services, while digital resource network (DRN) provides replaceable resources that are not location-dependent.
4) How do depins work? They connect physical assets to the blockchain through providers, middleware, and public ledgers. Providers provide the hardware, users pay with tokens, and rewards are distributed based on middleware.
5) The DePIN industry covers computing market, wireless coverage, data wholesale, service market, energy services and vertical advertising network.
6) Four key players make depin work: hardware (prn and drn), hardware operators (providers), tokens and users. This is a community effort.
7) depin uses the “flywheel effect” of tokens to drive network growth. A weighted selection algorithm increases token value, attracting more providers and investors as the network expands.
8) The benefits of depin include incentives, scalability, permissionless access, cost-effectiveness, censorship resistance, and integration with DeFi, revolutionizing the infrastructure model.
9) DePINs also face challenges: incentive model, competition with centralized giants such as Amazon, technical complexity, profitability, and lack of proven success stories. Despite the challenges, depin has significant potential to drive real-world demand by entering and expanding into mature markets.
If wallets are the entry point to crypto, then a decentralized network of physical infrastructure (Depin) is its foundation! 💻🌐
Depin is more than just an opportunity for organizations running in Web3. All organizations and individuals can benefit from a higher level of data and product control through decentralized infrastructure. 🌐💻
1)🔗(DePINs) Decentralized Physical Infrastructure Network – a word you often hear and read – 🔗
We break it down now in this thread 🧵
2) What are depins? They are decentralized, community-owned infrastructure systems based on blockchain technology. From e-bike sharing to storage solutions, they provide alternatives to centralized platforms like Uber, providing tokens to contributors.
3) There are two types of depin: physical resource network (PRN) is location-dependent and provides irreplaceable services, while digital resource network (DRN) provides replaceable resources that are not location-dependent.
4) How do depins work? They connect physical assets to the blockchain through providers, middleware, and public ledgers. Providers provide the hardware, users pay with tokens, and rewards are distributed based on middleware.
5) The DePIN industry covers computing market, wireless coverage, data wholesale, service market, energy services and vertical advertising network.
6) Four key players make depin work: hardware (prn and drn), hardware operators (providers), tokens and users. This is a community effort.
7) depin uses the “flywheel effect” of tokens to drive network growth. A weighted selection algorithm increases token value, attracting more providers and investors as the network expands.
8) The benefits of depin include incentives, scalability, permissionless access, cost-effectiveness, censorship resistance, and integration with DeFi, revolutionizing the infrastructure model.
9) DePINs also face challenges: incentive model, competition with centralized giants such as Amazon, technical complexity, profitability, and lack of proven success stories. Despite the challenges, depin has significant potential to drive real-world demand by entering and expanding into mature markets.
If wallets are the entry point to crypto, then a decentralized network of physical infrastructure (Depin) is its foundation! 💻🌐
Depin is more than just an opportunity for organizations running in Web3. All organizations and individuals can benefit from a higher level of data and product control through decentralized infrastructure. 🌐💻
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
3
0