Gm, welcome back to M O D U L A R Monday.
Today, we're taking on the heart of DePINs: the blockchain layer. 🫀
But what exactly does it do?
As the foundation of trust, the blockchain acts as the single source of truth for DePIN applications.
It's the anchor that secures everything from identity and device management to data attestation, crypto assets, and more. ⚓️
The blockchain module plays a critical role in:
- Verifying Off-Chain Computations
- Distributing Token Rewards
- Enabling On-Chain Governance
#DePIN projects may build their own blockchains or choose from a great number of existing chains.
General Purpose Blockchains like @solana and @0xPolygon are popular choices due to their high transaction speeds, low fees, and ability to handle a large volume of transactions.
DePIN-Specific Blockchains like the IoTeX L1 offer a complete infrastructure specifically designed for the complexities of DePINs, streamlining development.