Decentralized Physical Infrastructure Network (DePIN) represents a pioneering trend in the field of cryptocurrencies. These networks leverage the power of blockchain technology to fundamentally transform the development and functioning of physical infrastructure and hardware networks. This article is all about Top 5 DePIN coins By 2024, it could be 20 times more likely.
DePIN works in a permissionless, trustless, and programmatic manner, which promises to increase efficiency, transparency, and democratization in the field of infrastructure management.
What is Distributed Physical Infrastructure Network (DePIN)?
DePIN, an abbreviation for Decentralized Physical Infrastructure Network, embodies an innovative cryptographic trend that leverages blockchain technology to revolutionize the construction and functioning of physical infrastructure and hardware networks.
DePIN operates in a permissionless, trustless, and programmatic manner and shows great potential to transform the landscape of building and monitoring physical infrastructure. Even in its early stages, DePIN offers prospects for increased efficiency, transparency, and democratization in this field.
Top 5 DePIN coins
1. Cold Stack (CLS)
ColdStack stands out as a decentralized cloud aggregator, marking a milestone as the world’s first service to integrate decentralized data storage, including prominent platforms such as Filecoin. Offering unparalleled speed, simplicity, and ease of use, ColdStack provides a rapid means to leverage the power of a decentralized cloud and accommodate projects within the crypto space and beyond.
ColdStack provides users with the most cost-effective and secure means of file storage through AI-driven pipeline optimization of storage solutions. The platform’s approach is characterized by transparency, immutability, and cryptographic verifiability, ensuring a highly trusted environment.
ColdStack features seamless integration of all distributed data storage on a unified platform, eliminating the need for data migration when moving between different distributed clouds. This streamlined approach improves user convenience and efficiency in managing distributed storage solutions.
2. Quantum Resistant Ledger (QRL)
Quantum Resistant Ledger (QRL) is characterized as being a “fully quantum-resistant blockchain network with PQ-CRYPTO recommended/IETF standard encryption.” Unlike many other blockchain projects that rely on the potentially vulnerable ECDSA (Elliptic Curve Digital Signature Algorithm), QRL employs a hash-based Extended Merkle Tree Signature Scheme (XMSS). This strategic choice is made to address ECDSA’s vulnerability to quantum attacks.
The QRL project emphasizes platform security, enhanced by the use of PQ-CRYPTO recommended and IETF standardized cryptographic techniques. The QRL ecosystem includes a resilient cryptographic foundation as well as a set of applications and development frameworks.
This comprehensive approach allows users to easily build blockchain applications within a quantum-proof network. By integrating these elements, Quantum Resistant Ledger aims to strengthen its position as a secure and future-proof solution in the face of potential quantum threats to traditional cryptographic methods.
3. Hive Mapper (HONEY)
Introduced in November 2022, Hivemapper (HONEY) represents a decentralized global mapping network that follows a Drive-to-Earn model and encourages contributors to collect large amounts of 4K street-level imagery using in-vehicle cameras. Masu.
The primary device for image capture is a 4K dashcam that is both a camera to record street-level footage and a blockchain mining device. Participants operating these dashcams will engage in mining activities and subsequently earn rewards in the form of Hivemapper’s native cryptocurrency token, Her HONEY. This innovative approach creates a symbiotic relationship in which the user, while contributing to his network mapping, receives a fair reward in the platform’s digital currency.
Founded as a nonprofit organization in 2018, MXC is driving transformation in the AI and blockchain space by collaboratively building a free, decentralized global data network.
At the core of the MXC data network is the collective strength of a resilient mining community and the broad MXC supporter base. Through the use of innovative low-power multi-token miners, specifically the M2 Pro Miner, participants will interconnect and cultivate the world’s largest low-power wide-area data network within the Metaverse.
MXC introduces the Meta X Protocol (MXProtocol), a pioneering protocol based on Proof of Participation mining principles. Leverage LoRaWAN technology to establish a global data republic network tailored for real-world deployments. This protocol powers the convergence of Web 3.0 and mixed reality metaverse infrastructures, simplifying and expanding data submission and participation.
Utility token Meta X Connect ($MXC) facilitates increased data transaction frequency and unique data flows within the AI and blockchain markets. MXProtocol employs an interchain data market that incentivizes participation through proof-of-participation “PoP” mining, ensuring network creation and connectivity through a decentralized and robust protocol.
This mechanism also enables the cost-effective provision of tangible Internet of Things (IoT) devices, allowing data providers and recipients to generate GDPR-compliant AI and blockchain NFTs. A framework can be established. MXC’s comprehensive approach represents a major step forward toward fostering a decentralized, participatory, and secure global data ecosystem.
Precipitate serves as the first Infrastructure as a Service (IaaS) protocol at the convergence of AI and public blockchain. Acting as a decentralized virtual private server provider, Precipitate serves as the foundational platform for synergy between Web3 and AI. Users can quickly deploy Raindrop, an AI-optimized virtual private server that seamlessly connects with the EVM blockchain, to start and manage virtual private servers.
Payment dynamics for infrastructure services, including hosting, favor Web3 native currencies over traditional credit/debit card transactions. The native token $RAIN serves as a precipitation protocol infrastructure token. When a dApp is deployed to Precipitate and paid with $RAIN, it gets priority access to AI processing power, data rendering, compute, storage, and bandwidth.
Additionally, dApps that pay with $RAIN will benefit from advanced blockchain read/write access as a free feature. $RAIN is considered a public infrastructure good and is therefore openly distributed in the market. This distributed model enables enterprise and individual clients to power their distributed apps at the intersection of artificial intelligence and Web3, strengthening Precipitate’s role in improving the functionality of distributed applications.
Buy Cryptocurrency with Lowest Fees on Bitget
Bitget stands out as a reliable cryptocurrency exchange. It offers a user-friendly interface that allows both beginners and experienced traders to easily operate and trade with the lowest fees on the market. To start using Bitget, you need to create an account and complete the required KYC steps. You can then start trading the various altcoins available on the platform.
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