Popular science about DePIN: How IoTeX, DePHY and peaq work

DePIN (Decentralized Physical Internet) is a blockchain platform for connecting IoT devices, achieving this through IoTeX, DePHY and peaq protocols. IoTeX is a blockchain platform that connects and secures IoT devices using the Roll-DPoS consensus mechanism. DePHY is a wireless protocol designed for the Internet of Things that uses radio frequency energy harvesting technology for power supply, low power consumption and low latency. peaq is a digital currency used as a medium of exchange, network fees and to incentivize network participants on the DePIN network.

DePIN science: How IoTeX, DePHY and peaq work

1. DePIN

DePIN (Decentralized Physical Internet) is a blockchain platform designed to connect Internet of Things (IoT) devices to decentralized networks. It does this by using the IoTeX, DePHY and peaq protocols.

2. IoTeX

IoTeX is a blockchain platform designed to connect and protect IoT devices. It uses a unique Roll-DPoS consensus mechanism that selects trusted nodes to verify and record transactions.

3. DePHY

DePHY is a wireless protocol designed for IoT devices. It uses radio frequency energy harvesting technology to power the device, eliminating the need for batteries. DePHY also features low power consumption and low latency, making it suitable for a variety of IoT applications.

4. peaq

peaq is a digital currency used as a transaction medium in the DePIN network. It is used to pay network fees and incentivize network participants. peaq is also used as a store of value for IoT devices.

5. How it works

The DePIN system works in the following way:

• IoT devices communicate with each other using the DePHY protocol.
• These communications are recorded on the IoTeX blockchain to ensure security.
• peaq is used to power network activity and serves as a store of value.
• Participants on the DePIN network are incentivized to create and maintain the network, thereby earning peaq rewards.

6. Benefits

The DePIN system provides the following benefits:

• Decentralization: Because it is based on blockchain, DePIN eliminates centralized points of control.
• Security: IoTeX blockchain ensures network communications are secure and tamper-proof.
• Scalability: DePHY protocol enables IoT devices to be connected at scale.
• Incentives: peaq rewards motivate network participants to maintain and develop the network.
• Energy Efficiency: DePHY uses radio frequency energy harvesting technology to power devices, thereby improving energy efficiency.

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