Analysis on the DePIN track
If improving resource utilization through decentralization is not prominent in the practice of most projects, then what is the real significance and comparative advantage of the DePIN project?

If improving resource utilization through decentralization is not prominent in the practice of most projects, then what is the real significance and comparative advantage of the DePIN project?
From the perspective of project workflow and protocol design, this article reviews and analyzes the entire process of IoT devices generating data from trustworthiness, verifying stored data, generating proof through calculation, and rolling data to the blockchain.
You must have heard the word Depin a lot during this bull market. Even Ethereum founder Buterin posted an article on warpcast asking everyone, "What are the "DePIN" projects that are most likely to really work? "
As an early project in the field of MR spatial computing, DeMR is expected to become a well-known project on the popular track in the future.
According to data from Coingecko, as of February 2024, the size of liquid assets in the DePIN sector has exceeded US$16 billion.
Messari Crypto and Escape Velocity released the "State of DePIN 2023" research report, which provides a detailed and comprehensive explanation of the current status of the DePIN track, applications, supply and demand, technological changes, and development differences between regions.
DePIN's entry into the crypto mainstream brings with it issues and challenges such as decentralization, scalability, verifiability, authentication management, and data trust.
IoTeX built an EVM-compatible Layer1 blockchain designed for IoT data and DePIN applications.
With high performance, DePIN, DeFi and Ethereum alternatives, Solana is back!