Cryptocurrency

Render

Akash Network

Filecoin

The Graph

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/demirors-discusses-depin-potential" data-wpel-link="internal" rel="noopener noreferrer nofollow">Demirors Discusses DePIN Potential</a><br></p>
<p style="text-align: justify">Cryptocurrency expert Meltem Demirors recently shared her insights on a promising sub-sector in the crypto space. She believes that decentralized physical infrastructure networks (DePINs) hold the potential to give rise to multi-billion-dollar <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">companies</a>. Demirors shared her thoughts with her 263,000 followers on the social media platform X, detailing the potential of these networks.</p>
<h2 id="what-are-depins">What Are DePINs?</h2>
<p style="text-align: justify">DePINs aim to leverage Blockchain technology to enable individuals or companies to control physical infrastructure such as wireless connectivity, data storage, or <a href="https://newslinker.co/category/computing/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">computing</a> power in a decentralized manner. The success of <a href="https://en.bitcoinhaber.net/bitcoin-faces-potential-downturn-as-market-indicators-signal-correction" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and its network serves as a potential blueprint for the emergence of DePINs. The decentralized creation of valuable infrastructure through Bitcoin could be replicated in other physical resources using DePINs.</p>
<p style="text-align: justify">Demirors shared her vision through a series of slides, explaining the opportunities she perceives in the DePIN space. She indicated that new resource networks represent only a part of the broader landscape. She predicts that numerous billion-dollar protocols and companies will emerge within the DePIN sector. She emphasizes that while resource networks may become commoditized, tools providing operational leverage and financial engineering will create more significant and sustainable competitive advantages in the long term.</p>
<h2 id="key-projects-in-the-field">Key Projects in the Field</h2>
<p style="text-align: justify">Demirors highlighted several critical altcoin projects within the DePIN sector, including Render (RNDR), Filecoin (FIL), The Graph (GRT), and Akash Network (AKT). These projects are already taking steps to decentralize physical infrastructure using Blockchain technology.</p>
<p style="text-align: justify">For instance, Render focuses on decentralized GPU processing, while Filecoin provides decentralized data storage solutions. The Graph enables the decentralized indexing and querying of Blockchain data, and Akash Network offers decentralized cloud computing.</p>
<h2 id="concrete-opportunities">Concrete Opportunities</h2>
<p style="text-align: justify">The following inferences can be drawn from Demirors’ insights:</p>
<ul style="text-align: justify">
 <li>Investing in DePIN-related projects could yield significant returns as the sector matures.</li>
 <li>Decentralized control over physical infrastructure can democratize access to resources.</li>
 <li>Operational leverage and financial engineering tools are vital for sustainable competitive advantages.</li>
</ul>
<h2 id="future-of-depin">Future of DePIN</h2>
<p style="text-align: justify">Demirors’ views suggest transformative potential for the DePIN sector. By decentralizing control over physical infrastructure, DePINs can democratize resource access and create new economic opportunities.</p>
<p style="text-align: justify">This approach aligns with the core philosophy of Blockchain technology, which aims to eliminate intermediaries and distribute control among a broader base of participants. It remains to be seen how these four altcoin projects will shape the future with their robust propositions.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/demirors-discusses-depin-potential" data-wpel-link="internal" rel="noopener noreferrer nofollow">Demirors Discusses DePIN Potential</a></h5>

Demirors Discusses DePIN Potential

Table of Contents

BH NEWS

Autres articles publiés le 8 juil. 2024

John E. Deaton Criticizes Senator Warren’s Anti-Bitcoin Stance

Hot List: Upcoming New Crypto Coins for 2024 – Invest Before It’s Too Late!

Again, Germany Moves 40 Million Dollars in BTC, Continues Significant Bitcoin Transfers

Solana price is showing bottoming signs, SOL has 35% upside potential

Ethereum Meme Coins To Buy Before the ETH ETF Approval

Binance To Delist All Spot Pairs Of Major Tokens

Join our free newsletter for daily crypto updates!