Note: This article comes from @0xNing0x Twitter, and Mars Finance compiled it as follows:
The#DePINtrack has been going crazy recently. Here are my research and opinions. I'd also like to talk about @CESS_Storage that I'm following:
DePIN is a new primitive created by crypto VC in 23 years. I am still used to using old concepts such as hard disk, broadband, graphics card, CPU, edge device mining, etc. to understand the mechanisms of these projects.
From the perspective of asset issuance, DePIN belongs to PoW (Proof of Work), while #IDO/#LRTPoints/#Stakingbelongs to PoS (Proof of Stake).
If we follow the classification in history textbooks, PoW belongs to industrial capitalism (such as #BTC) and PoS belongs to financial capitalism (such as#SOL#ETH).
Therefore, the DePIN track is actually the home ground of entities/entrepreneurs (industrial capital) with heavy assets and large-scale organizational capabilities. It has a special appeal to them, which leads to a high threshold for this track and is a test of the team's hard entities and capital.
The popular DePin projects in 2023 are mainly from the#Heliumseries. Which DePin projects will become the new dark horses in 2024? The market is still searching.
Recently, we have paid attention to a CDN+storage DePIN project @CESS_Storage.
This team won the global Web3 hackathon championship in 2021 with a FMD-CESS solution for decentralized data traceability, property rights confirmation and trading, and successfully obtained an $8 million investment from DWF Labs, Web3 Foundation, Huobi, etc. The founder and the boss of#WLD#USDC are both alumni of Harvard University.
The team has been quietly building in the bear market and is able to support itself.
Today's#CESShas vertically expanded on the FMD-CESS infrastructure, adding a DePin network consisting of storage hardware and CDN nodes at the bottom layer and a Layer1 blockchain for incentivizing miners and achieving PoW ledger consensus, while integrating many new services (such as DA services, etc.) at the application layer.
This gives CESS some practical applications, rather than simply mining for the sake of mining.
Recently, CESS officially released its test network. Miners can get test network rewards by deploying their own hardware and public network IP and participating in mining as consensus nodes or storage nodes.
Hardware requirements and tutorials: https://docs.cess.cloud/core/storage-miner/running
In view of the turbulent crypto market in the first half of 24, interested students can consider participating through mining. If you do not have the hardware conditions and public IP, you can also consider directly using ETH to purchase cloud computing power (similar to mining): https://cess.cloud/daocm/
Currently, you can also get a 10% rebate by inviting friends to participate in cloud computing, which is a kind of zero-cost participation.
