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As a decentralized physical infrastructure, DEPIN is easier to obtain funds and growth through the token economy model, but most of the DEPIN projects are not very “decentralized”.Investors may finally discover that they invest more like Internet companies.
Depin’s meaning, concept and category
Depin: Decentralized Physical Infrastruction.Translate the decentralized physical infrastructure.This word is often mentioned in recent times, and some people say that it is one of the main narratives of the next round of cryptocurrency cycle.This is of course a great thing, because this means that the W blockchain is entering the physical network of the real world, and it also means that the development of Web3 has reached a new stage.
Depin’s concept
The core concept behind DEPIN is to subvert the traditional infrastructure model.Traditionally, companies in the field of network, telecommunications or energy will invest a lot of time and funds to infrastructure.However, the goal of Web3 is to outsourcing these construction and maintenance work to decentralized volunteers motivated by tokens and monetization after the network covers is wide enough.
DEPIN category
From the current DEPIN project and the possible direction in the future, DEPIN can be roughly divided into these four aspects:
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Storage network, for file storage, relational database, CDN, and VPN networks, such as Filecoin, Subspace, BitTorrent, etc.;
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Wireless network, 5G, wifi network, etc.; Such as Helium, XNET
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IoT, sensor network, map application, etc., such as HiveMapper, Dimo Network;
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Energy network, aggregate distributed energy resources to create an elastic and efficient power grid, such as GreenPower Network
Among them, the technology is relatively mature. The storage network is relatively mature. This is because the storage network has basically solved the problem of the storage certificate in terms of cryptography. Other networks still have a long way to go in terms of decentralized proof and verificationEssence
What kind of web3 project is depin
Judging from most of the current DEPIN projects, it can be said:
DEPIN refers to infrastructure projects that use tokenization to coordinate and motivate the launching stage.Individuals have contributed to the construction of infrastructure in a decentralized manner, and are rewarded in the form of token.
Please note that what emphasizes here isUse tokenization to coordinate and motivateEssenceThere was no blockchain, nor was it centralized.This is because most of the current DEPIN projects only use blockchain and smart contracts to distribute, manage and transaction tokens, and do not use blockchain or smart contracts to operate and govern projects.But we can’t think that DEPIN is not a web3 project. In fact, it is very web3. It has token incentives. It needs to establish a community. It requires users to participate in joint construction.
Through token inspiration, Depin has great advantages in the early development stage of the project compared to traditional Internet companies, because through token and incentive models, it establishes a more fair and efficient infrastructure startup process.Therefore, the DEPIN project may be:
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The speed of building infrastructure is 10 to 100 times faster than traditional methods
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Better in line with local market demand.
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It is cost -effective and scalability in different jurisdictions.
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With credible neutrality and collective ownership.
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Support smoother micro -payment and integration with DEFI.
But at the same time, we should also see that in order to combine the operation of the real world, the new DEPIN project has weakened its blockchain and decentralized attributes.The complete open source of the traditional blockchain, the full community governance, and the operation of the foundation have been weakened.To put it directly, most of the traditional Internet attributes of most DEPIN projects are stronger. They allow the community to make financing and build the network through the token model, but the operation of the network cannot be completely decentralized.Management is very important.On the other hand, Depin’s investors may feel the same as other web3 projects at the beginning, but for a long time, it may be found that it is actually an Internet project of investment.
Of course, there are also a different type of projects in the DEPIN track. They achieve fully open source and decentralization to achieve community management.This type is basically storage projects because it is technically feasible.I am mentioned in the three forms of [Blockchain as] mining: the Nuggets/Farming/Staking (Staking) also mentioned that at present, only specific zero knowledge that can be decentralized verification can be achieved.The valid POW of the certification, and for POC, can only achieve the decentralized storage certification verification POC.To decentralize DEPIN, it needs to take an effective POW or POC road.
DEPIN’s challenge and development trend
For the traditional Internet, the threshold for financing is greatly reduced, which is almost a network startup that does not need to be permitted. Under the ideal circumstances, the cost is borne by the supply side.EssenceAs the network increases, it attracts more users and may create a virtuous circle of demand and supply.
But on the other hand, because the financing threshold is greatly reduced, the DEPIN project is mixed with fish and dragons, and the waves are scattered. After some winds, most of them will die on the beach, and it can be imagined that its elimination rate will be higher than that of traditional Internet entrepreneurship.
After the online launch, the DEPIN project not only needs to face competition from peers, but also compete from traditional Internet companies, including Google, Facebook, Amazon, Microsoft, OpenAi and so on.This is because most of the projects that cannot be effective POW and POC have actually rely on project parties. In fact, it is a company that integrates the concept of Web3, not a decentralized project with community governance.In addition, a certain degree of decentralization may also bring higher costs in some aspects.Whether the project is successful also depends on the development speed of the project, the community consensus, and the true value brought by the project.
For the development of the DEPIN project, you can consider the following aspects:
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Whether this project can be decentralized, if it can, it has great differentiation with traditional companies; it can achieve the characteristics of cross -border, anti -review and other characteristics, and naturally there will be its application scenarios;
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Does this project solve practical problems, especially whether these problems are difficult to solve in the centralized company model;
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Whether this project can be open source to a large extent. If we can, our dependence on the project party will be reduced, especially whether the node part can be open source. If the node part can be open source, then the community participation including developers participation will be possible.A lot of;
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What is the governance model of this project?Or what is the evolution path of governance?A DEPIN project should publicize the governance model to a certain extent and be able to gradually evolve completely.
DEPIN is one of the paths of web3 development
How does web2 develop to web3?This is a process of continuous exploration.Blockchain’s original teachingists are more decentralized and trustworthy.But roads are always twisted.Web2’s implementation technology and network construction itself is achieved on a certain degree of centralization.During the process of web2 to web3, it must not jump directly from centralization to completely decentralization, especially for infrastructure construction.
Therefore, the combination of centralization and decentralization is an inevitable development path. This is a process of continuous innovation, compromise, adaptation, and development.In this process, if DEPIN can gradually transfer existing physical networks from a centralized model to some decentralized model, it is a huge success.
