What is DePIN? Bringing Physical Infrastructure to Blockchain - Decrypt

DePIN (decentralized physical infrastructure) projects are blockchain-based networks where participants contribute resources in exchange for token rewards. These can be physical resource networks like cellular connectivity and energy distribution or virtual resource networks that provide access to computing power, bandwidth, and cloud storage.

When we think of networks attempting to solve real problems, DePIN is the most tangible vertical. Helium is the poster child for this and likely the only one which has found PMF so far, though there are obviously others building interesting infrastructure here. When Helium set out to build its network in 2013, it was specifically looking to solve t... See more

DeFi is an open-source and decentralized financial ecosystem built on top of the Ethereum blockchain. It appeared as an alternative to traditional centralized finance which historically (i) lack transparency (ii) is centralized, notably in terms of decision power (iii) has low interoperability (iv) ..

DeFi De-Fi is the branch of Web3 that is pushing the boundaries of financial services by making them more inclusive, secure, and decentralized. The primary objective of De-Fi platforms is to remove all middlemen from financial services and transactions.

5. De-Fi is an emerging financial technology that uses distributed ledgers to remove middlemen from financial transactions. They are a combination of smart contracts and DAOs.

Perhaps surprisingly, virtually all of decentralized finance, aka DeFi, consists of finite state applications. As long as you can store a handful of account balances, you can start to build arbitrarily-complex tools for people to trade, borrow, lend, etc... and you'll never have to store more than the ending balances in the long-term. This is becau... See more

Decentralized finance, or DeFi, is the ecosystem of financial applications being built with blockchain technology and without banks.  Characteristics:  Non-Custodial, o pen, t ransparent, d ecentralized