DePIN has come to the world, providing the opportunity to create defi projects that reward actions in the physical world. What is this technology about, and how does DePIN work? Theoretical studies in cryptocurrencies have long predicted that encryption tools…
DePIN has come to the world, providing the opportunity to create defi projects that reward actions in the physical world. What is this technology about, and how does DePIN work? Table of Contents What is DePIN and why does blockchain need it? What are the DePIN options? Advantages and disadvantages of DePIN Looking to the future: What will happen to DePIN in five years? Theoretical studies in cryptocurrencies have long predicted that encryption tools currently implemented in the blockchain will be used on the Internet and impact the physical world sooner or later. Nick Szabo noted at the end of the 20th century that smart contracts can automatically manage physical objects. More than 25 years have passed, and the blockchain is firmly embedded in our lives. This is primarily due to cryptocurrencies: Bitcoin ( BTC ) continues to break records and is supported by significant physical infrastructure. At first glance, this confirms an actual physical presence in our world. However, the boundaries of decentralized technologies continue to expand with the advent of solutions such as DePIN. What is DePIN and why does blockchain need it? DePIN meaning a Decentralized physical infrastructure network. Blockchain participants use a public ledger and cryptocurrency to build and maintain specific, real-world infrastructure projects. Simply speaking, DePIN involves using DePIN blockchain to run and sustain decentralized networks of equipment that can serve a common purpose. This enables the network to be built on decentralized, horizontal connections rather than the hierarchical approach typically seen with large infrastructure projects such as bridges or roads. Building and managing physical infrastructure networks is expensive and complex, so historically, they have been the domain of large corporations or governments with capital and resources. In contrast, DePIN encourages voluntary cooperation among participants. People can participate in DePIN networks by using their own hardware or purchasing specialized hardware for specific tasks. Options range from simple hard drives to weather stations. However, DePINs are typically built around capabilities that are available to the general public. Max Thake, co-founder of peaq, explained crypto.news that DePIN uses tokens to incentivize people to use connected hardware to offer services to other people: “Let’s imagine a smartphone-focused DePIN like Roam Network. The smartphones, owned by regular people, are the hardware component, the data on local connection quality they gather is the goods. Telecom companies looking to improve their services buy this data on a Web3 marketplace, which is where the smart contracts come into play, enabling the value exchange between the supply and demand sides.” Max Thake, co-founder of peaq You might also like: DePIN early-stage fundraising has grown 296% YoY: Messari What are the DePIN options? There are two types of DePINs: Physical Resource Networks (PRN) and Digital Resource Networks (DRN). PRNs are decentralized networks where providers give hardware resources (such as sensors or internet access), and these resources are tied to a specific location. Their contribution to the network is location-dependent, therefore they are not interchangeable. DRNs are networks where providers provide resources determined by their function, not location. Here, location does not matter. Examples of such resources include computing power, bandwidth, and storage. DePIN Sector Map | Source: Messari Advantages and disadvantages of DePIN DePIN can theoretically wholly transform how we manage and interact with physical infrastructure. Using blockchain and smart contracts , this model increases the efficiency and transparency of systems, allowing the community to make decisions independently. DePIN can be considered a kind of “industrial DAO ,” where all participants have equal opportunities and ensure the independence of the infrastructure. The system is flexible and can be scaled horizontally. With the successful attraction of motivated users, the creation of a decentralized physical infrastructure can be significantly accelerated. The pricing model in DePIN crypto systems is also considered more accessible and fair since infrastructure assets are publicly owned, and the cost of services is determined not by the company’s benefits but by availability. Rewarding participants in the form of tokens allows users to receive regular passive income with the benefit of society. However, significant disadvantages should be considered: Vulnerability to hacks and errors. High volatility of tokens. There is a need for technical knowledge to maintain a decentralized infrastructure. Nevertheless, with DePIN, blockchain powers real-world DePIN use cases and value exchanges, it is inherently linked to real-world supply and demand, which makes this segment uniquely positioned for sustainable, healthy growth. “People won’t stop using navigation apps, ordering food, or using the Web because Bitcoin took a dive. DePIN merges web3 with real value instead of speculation and offers it a chance to live up to its promise of changing the world.” Looking to the future: What will happen to DePIN in five years? According to Messari analysts, in 2023, the DePIN ecosystem grew to more than 650 projects, and the number of nodes increased by 600,000. Researchers noted the main trends in the development of DePIN in 2024. Experts believe meme tokens will contribute to massively adopting projects like the BONK airdrop for Solana Saga smartphone users. Analysts also consider Asia to be the region with the most significant potential for the rapid development of decentralized infrastructure, expecting that some of the most influential projects in the sector will appear here from 2024 to 2025. The first development in the DePIN field appeared about ten years ago. During this time, the number of projects increased significantly. The sector’s market capitalization is more than $20 billion, excluding RWA and blockchain oracles, according to experts from Messari. Source: Messari Speaking about the future of DePIN, Thake expects it to become an industry staple alongside the entire supporting stack, from DePIN-crowdsourced data for training models to decentralized compute and Web3 federated learning markets for AI agents. “Some of the most exciting implementations of the DePIN model will be in the energy industry, especially when it comes to green energy, which requires flexible and decentralized grids, while most old-school ones follow the centralized model. People will soon earn by harvesting solar energy and contributing to the power grid.” However, DePIN projects are not yet popular even among participants in the cryptocurrency industry, let alone the widespread adoption of the concept. Implementing decentralized infrastructure may take time since DePIN faces problems that must be solved. However, experts are confident that this system will play a key role in shaping the future and changing the principles of operation of physical infrastructure. You might also like: Unlocking the power of community: DePINs are shaping a new economy | Opinion
Animoca Brands has confirmed that the Twitter account of co-founder and executive chairman Yat Siu has been compromised. The hacked account was promoting a fake token launch on the Solana blockchain, claiming the introduction of a new token, $MOCA. Animoca Brands issued a warning to users, stating that there is no official token or NFT launch associated with the company. Various sources, including PeckShield and CertiK, have corroborated the hack, advising users to avoid engaging with the compromised account until the issue is resolved. The incident highlights ongoing security concerns within the cryptocurrency space. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Top 5 Cryptos to Buy Now for 2025: A Look at BlockDAG, Bitcoin Cash, NEAR Protocol, & Others December in the crypto market offers valuable opportunities for diversification and expansion. Projects such as Bitcoin Cash, NEAR Protocol, Algorand, Fantom, and BlockDAG are gaining traction, each introducing novel innovations in blockchain technology. These cryptocurrencies are gaining notice for their progress in scalability, efficiency, and practical applications, positioning them as significant players in the expanding digital economy. This guide explores what sets these cryptocurrencies apart, reviews their influence on the market, and assesses their potential for significant returns. Discover which might be the top 5 cryptos to buy now. 1. BlockDAG: A Leading Hybrid Blockchain Platform BlockDAG (BDAG) is reshaping blockchain technology with its Directed Acyclic Graph (DAG) structure and sophisticated Proof-of-Work (PoW) consensus. This forward-thinking strategy ensures scalability, decentralization, and improved security, moving beyond the confines of traditional blockchain systems. Its robust framework is ideally suited to its mission of creating a secure, scalable, and user-friendly network. The project’s presale has achieved remarkable success, collecting over $172.5 million by distributing more than 17.5 billion BDAG coins in just a few months. Currently, in its 26th presale batch at $0.0234, BDAG’s valuation has increased by 2240% from its initial batch 1 price of $0.001, indicating strong market confidence and establishing BlockDAG as the most significant crypto presale of the decade. BlockDAG’s recent dashboard enhancement introduces a novel 5-stage bonus system for BDAG buyers. By using the code BDAG400, users can access a 250% bonus on their first purchase, with a 270% bonus on the second. These rewards escalate with additional purchases, providing a compelling reason for buyers to increase their involvement and maximize their assets. With its distinctive hybrid technology, swiftly expanding presale, and unique incentive programs, BlockDAG is reaffirming its position among the top 5 cryptos to buy now. 2. Bitcoin Cash (BCH): Accelerating Peer-to-Peer Transactions Bitcoin Cash (BCH) is crafted to expedite peer-to-peer digital currency transactions, offering speed and cost-efficiency by enlarging the block size for faster processing. Commonly used for daily payments, it maintains low transaction fees and simple operability. BCH consistently updates its network to improve usability and security, maintaining its significance despite market volatility. It stands out in the cryptocurrency space for its effective handling of global and cross-border payments. 3. NEAR Protocol: Streamlining Blockchain Usability NEAR Protocol enhances the accessibility and efficiency of blockchain with its sharding technology, which boosts scalability. It eases the development of decentralized applications (dApps), facilitating straightforward developer engagement, even for those with limited technical skills. Growth in NEAR’s ecosystem is driven by strategic partnerships and a commitment to user-friendliness. Its targeted approach towards widespread adoption through a scalable and efficient blockchain design makes it one of the top 5 cryptos to buy now. 4. Fantom: Optimizing DeFi with Speed and Efficiency Fantom optimizes blockchain operations with its Directed Acyclic Graph (DAG) technology, ensuring ultra-fast transaction completion. It’s favored for decentralized finance (DeFi) and decentralized applications (dApps) due to its scalability and cost-effectiveness. Amid intense blockchain competition, Fantom’s dedication to providing practical tools and focusing on real-world applications secures its market position. It’s recognized as one of the top 5 cryptos to buy now, especially for those interested in DeFi. 5. Algorand: Sustainable and Secure Blockchain Network Algorand prioritizes sustainability, scalability, and security with its pure proof-of-stake (PoS) consensus mechanism, reducing environmental impact while supporting robust transactions. It supports a broad range of uses, from DeFi and NFTs to enterprise solutions, offering a versatile platform for practical applications. As it adapts within the competitive market, Algorand’s environmentally friendly and secure architecture positions it as a prime choice among the top 5 crypto to buy now, appealing particularly to those who value sustainable blockchain solutions. The Verdict on the Top 5 Crypto to Buy Now As the crypto market expands, Bitcoin Cash, NEAR Protocol, Fantom, and Algorand present tailored solutions with advanced blockchain approaches. Yet, BlockDAG distinguishes itself as the top crypto to buy now with its cutting-edge hybrid structure, scalable features, and significant presale success. Having raised a groundbreaking $172.5 million in its ongoing presale alongside attractive bonus offerings, BlockDAG is redefining blockchain project standards. Its sophisticated technology and focus on community integration make it a preferred option for those aiming for significant growth and impactful returns. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
According to a recent report by Japanese cryptocurrency publication CoinPost, Japan’s Prime Minister Shigeru Ishiba has taken a cautious stance on the proposal to establish a national Bitcoin (BTC) reserve. Ishiba Hesitant On Bitcoin Reserve Plans While some policymakers in Japan are advocating for the country to follow the lead of nations like the United States in exploring cryptocurrency reserves, Ishiba has expressed reservations, citing a lack of sufficient information to make an informed decision. The idea of a national Bitcoin reserve in Japan gained momentum after Satoshi Hamada, a member of the Japanese House of Councilors from the Party to Protect the People from NHK, floated the proposal during recent parliamentary discussions. Hamada argued that Japan should explore diversifying its foreign exchange reserves by including crypto assets like Bitcoin, in line with what is reportedly being discussed in the US. Hamada stated: I think Japan should follow the example of the United States and consider turning some of its foreign exchange reserves into crypto assets such as Bitcoin. Responding, the Japanese Prime Minister said that his government simply lacks enough information about the US and other countries’ plans for a strategic Bitcoin reserve. As a result, Japan cannot commit to creating a BTC reserve just yet. Related Reading: US Bitcoin Reserve Will Push Price Above $1 Million, Expert Predicts Ishiba reportedly said that he does not have enough understanding of the “movements” taken by the US with regard to establishing a Bitcoin reserve. He concluded, saying that “it is difficult for the government to express its views.” Further, with regard to the idea of converting some of its foreign exchange reserves into digital assets such as BTC, Ishiba cleared the air saying cryptocurrencies do not fall under the foreign exchange category. A Strategic Reserve May Shoot Up Bitcoin’s Price Earlier this month, Federal Reserve (Fed) Chairman Jerome Powell reiterated that the Fed itself cannot hold Bitcoin. However, reports suggest that the incoming administration under Republican president-elect Donald Trump may push forward with plans to establish a Bitcoin reserve. The Bitcoin Act of 2024, introduced by pro-crypto American Senator Cynthia Lummis, advocates for the US Treasury and Federal Reserve to acquire 200,000 BTC annually over five years, ultimately amassing one million BTC. Such a move could significantly impact the cryptocurrency market by reducing Bitcoin’s circulating supply, potentially driving up its price. Related Reading: US Strategic Bitcoin Reserve Could Push Price To $500,000: Expert Bitcoin price can go even higher if other countries around the world create their own BTC reserves, culminating in an unofficial international race among nations to accumulate as much BTC as they can. The world is already seeing nations attempting to add BTC to their treasury reserves. Recently, SkyBridge Capital Founder and Managing Partner, Anthony Scaramucci, stated that if the US goes ahead with its plans of creating a strategic Bitcoin reserve, there is no way that China will not create one of its own. At press time, BTC trades at $95,503, down 3.3% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
Dogecoin could decline by 25% to reach the $0.22 level - here are some conditions how.
Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $27 in this market cycle. The analyst also provided insights into why XRP could reach such an ambitious price target. XRP Price To Reach $27 In This Market Cycle In an X post, Egrag Crypto predicted that the XRP price could reach $27 in this market cycle. The analyst cited some statistics to prove why the crypto could indeed reach this price target. First, the crypto analyst mentioned when XRP crossed the 21 Exponential Moving Average (EMA) in the 2-week time frame, a move which led to the cycle top in 2017 following an explosive rally of 50,000%. In applying a similar measurement to the current price action, an XRP crossover of the 21 EMA to $27 represents a price gain of 4,770%. Such a price rally would represent only 9.54% of the 50,000% surge recorded back in 2017. Egrag Crypto is confident that XRP can reach this price target since it witnessed a more explosive move back in 2017. This isn’t the first time the crypto analyst has raised the possibility of XRP reaching such heights based on historical trends. Meanwhile, a recent CoinGape market analysis suggested that the XRP price could at least reach double digits as it rallies to $10 . Fundamentals such as the RLUSD stablecoin and other Ripple partnerships support such a bullish outlook. Such a price surge could also happen if the incoming SEC Chair Paul Atkins drops the Commission’s case against Ripple. The Ripple has undoubtedly had a negative impact on the coin’s price. What To Expect In The Short-Term In another X post , Egrag Crypto also discussed what to expect from the XRP price in the short term. The analyst stated that everything is just noise until one of these two things happens for XRP. First, he highlighted $2 as one of the key levels to watch. The analyst remarked that a confirmed break below that target would send the crypto toward the lower targets. On the other hand, the analyst stated that a break above $2.65 would cause the fireworks to “ignite.” Simply put, a break above this level would lead to a bullish continuation. The post Analyst Predicts XRP Price To Reach $27, Here’s Why appeared first on CoinGape .
Bitcoin price dived 4% during Thursday’s U.S. market session, currently trading at $95,400. The downtick signals renewed selling…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI positions itself as the next powerful contender after Dogecoin’s success. Table of Contents Lightchain AI’s value proposition Why LCAI could be the next big contender Investing in Lightchain AI As the cryptocurrency market matures, the rise of projects like Lightchain AI (LCAI) has captured the attention of investors looking beyond meme-driven coins such as Dogecoin (DOGE). The cryptocurrency market is evolving rapidly, with the focus shifting toward projects that deliver lasting value. Lightchain AI stands apart with its emphasis on scalability, transparency, and privacy, positioning itself as a potentially significant player in the decentralized application ecosystem. Lightchain AI’s value proposition Lightchain AI’s worth is based on its potential to give useful, AI-based fixes that surpass the fuss of meme coins like Dogecoin. By mixing blockchain and AI, Lightchain AI seeks to handle big problems in fields such as money, supply line, and health care. Its split way will make sure that the platform stays clear, safe, a͏nd able to grow for real-world uses. Lightchain AI aims at tech change and helpfulness in the long run. Parts like shared control and smart computing skills will put the platform as a new idea with real perks. This focus on solving real-world challenges while maintaining scalability and privacy has made Lightchain AI an attractive choice for investors seeking meaningful value in the ever-evolving cryptocurrency market. You might also like: Lightchain AI’s $0.003 token price appeals to Solana’s early backers Why LCAI could be the next big contender The success of Dogecoin demonstrated the power of community backing and viral marketing in driving hype and value. However, as the market matures, investors are increasingly looking for projects that offer more than just social media presence. Lightchain AI’s combination of advanced technology, real-world utility, and scalability make it a strong contender for long-term growth in the blockchain space. Additionally, with an increasing focus on privacy and security in decentralized applications, Lightchain AI is well-positioned to capitalize on this trend. Its unique approach to combining blockchain and artificial intelligence will allow for secure data processing while maintaining user privacy – a crucial factor in today’s digital landscape. Notably, LCAI’s presale and upcoming ICO provide early investment opportunities for those looking to get in on the ground floor of this promising project. Investing in Lightchain AI The LCAI token is currently priced at $0.003 in stage 8 of the presale , presenting a unique opportunity for investors to get involved in a project that combines blockchain technology with artificial intelligence. Lightchain AI’s unique features, including the Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM), make it stand out from other cryptocurrencies. With over $4.2 million raised in the presale and increasing interest from investors, Lightchain AI has the potential to see significant growth as it evolves. For more on Lightchain AI, visit their website , whitepaper , X , or Telegram . Read more: Lightchain AI vs. Avalanche: Breaking down the long-term potential Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.