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One of the core areas fast becoming prominent in 2024 is Decentralized Physical Infrastructure Networks. DePIN projects use blockchain tech to offer decentralized physical infrastructure networks boasting improved transparency, security, and efficiency over the status quo. In the following sections, we'll be discussing the top 10 DePIN projects that are going to make a significant impact in the next year.
Helium is a decentralized network for IoT devices. It gives low-power, long-range wireless coverage to a wide range of IoT devices through its blockchain-based network of hotspots.
Proof-of-Coverage: Ensures that hotspots are giving valid coverage.
Data Credits: Users pay for network usage using Data Credits, which may be thought of as non-transferable tokens.
Helium's new way of thinking about wireless networking is making a difference in the IoT space, bringing down costs and increasing ease of access.
Filecoin is a decentralized storage network in which users can rent out excess storage space and receive FIL tokens in exchange.
Decentralized Storage: Securely stores data across multiple nodes.
Incentive System: This incentivizes users to provide storage capacity.
Filecoin is disrupting traditional cloud storage facilities by providing a more secure, cost-effective decentralized alternative for the same.
Akash Network is the world's very first decentralized cloud computing marketplace, allowing any developer to rent computing resources from data centers and other providers.
Cost Efficiency: Provides up to 90% in savings against traditional cloud services.
Flexibility: Numerous computing resources are available on demand.
Akash Network has been decentralizing cloud computing and is making computing power more accessible for developers across the globe while significantly reducing costs.
The primary objectives of Syntropy are to make the internet faster, secure, and efficient by making it a decentralized one.
Programmable Network: Bringing a more efficient internet using blockchain.
Enhanced Security: End-to-end encryption along with several other security features.
Syntropy will soon revolutionize how data is sent across the internet by making it much faster and far more secure.
Arweave is a decentralized storage network that focuses primarily on the long-term preservation of data. This makes permanent data storage possible at a low cost since only one upfront fee is required.
Permaweb: The web over Arweave for preserving content forever.
Profit Share Communities: Allows developers to build applications on Arweave and reap profits from such.
This permanent storage solution from Arweave would be perfect for maintaining key data and digital content if needed for time everlasting.
OriginTrail is a decentralized knowledge graph linking physical and digital presentments throughout the supply chain.
Interoperability: Connects to several blockchain networks and legacy systems.
Integrity of Data: Provides the origin and completeness of the data.
OriginTrail brings transparency and efficiency to supply chains, creating an accurate record of assets and their data.
Holochain is a framework that allows builders to create decentralized applications that don't use traditional blockchain technology.
AgentCentric: Within this, it focuses on individual users and doesn't focus on a global consensus.
Scalability: Claimed to be highly scalable with this unique architecture.
Holochain is carving out a new paradigm for building scalable and efficient dApps with this approach to decentralization.
dusk network is for financeoriented and privacykeeping blockchain applications that let people create confidential smart contracts and execute transactions in confidence.
Zero-Knowledge Proofs: Secure and private transactions.
Confidential Security Tokens: Allows for the compliant issuance of security tokens.
Dusk Network shall redefine the financial world into a secure and private platform for performing financial transactions and executing smart contracts.
Chainlink is a form of decentralized, oracle network linking smart contracts to real-world data—allowing them to securely interact with external systems.
Decentralized Oracles: Provides reliable and tamperproof data to smart contracts.
Wide Adoption: By many blockchain projects seeking data integration.
Chainlink is required to scale an infinite number of DeFi and other blockchain applications requiring real-world data.
Ocean Protocol envisions a platform for sharing and monetizing data securely, transparently, and decentralized.
Data Tokens: Representing data assets which can be sold and bought.
Data Marketplaces: Facilitates seamless transaction between data providers and consumers.
Ocean Protocol democratizes access to data and empowers innovation, which, in turn, generates new economic value.
