What are the main currencies on the DePIN track? Detailed introduction to the top ten currencies on the DePIN track

php editor Xiaoxin brings you an introduction to the DePIN track. DePIN Track is a digital currency exchange that provides transactions in multiple currencies. In the DePIN circuit, there are many popular currencies that can be traded, each of which has its own unique characteristics and potential. In this article, we will introduce in detail the top ten currencies on the DePIN track, including Bitcoin, Ethereum, Ripple, etc. By understanding the characteristics and development trends of these currencies, we hope to help readers have a deeper understanding of the DePIN track.

#What currencies are available on the DePIN track?

According to current data, DePIN track currencies mainly include CUDOS, POKT, AR, NOOL, WIFI, CRU, AKT, DOTR, HNS, THETA, etc. The following is a detailed introduction of some proportions:

1. CUDOS

The Cudos network is supported by the CUDOS native token. The token can be used to fund computing workloads (similar to gas fees), contribute to network security (as a stake), and participate in governance. CUDOS is a second-layer oracle network governed by smart contracts that connects blockchain developers and services (including DeFi) with the global computing power of the Cudo platform. Cudo is a distributed computing platform that currently provides customers with up to 10 times more cost-effective computing power globally and provides more benefits to hardware owners.

2. POKT

POKT is a native utility token that powers the protocol economy and is used to motivate developers and nodes to participate in PocketNetwork. Developers and nodes need to hold POKT to participate in the network, and nodes obtain POKT by completing the application's API request.

3. AR

Arweave is an innovative blockchain storage platform designed to solve the scalability, data availability and cost issues of blockchain data storage. Unlike other blockchain storage solutions, Arweave is committed to building a browsable home network to provide users with a more convenient Internet experience. Through innovative technical means, Arweave permanently stores data on the blockchain to ensure data security and reliability. Users can easily access and share data stored on Arweave, providing more opportunities and possibilities for individuals and businesses. The emergence of Arweave will further promote the development of blockchain technology and bring a more open and free future to our digital world.

Arweave is a distributed storage network built on blockweave technology, where each block is linked to two previous blocks. Arweave is not a chain in the strict sense, but a more complex graph structure called Blockweave. Arweave is developing a base network that will host "permaweb". It is a permanent, distributed network with many community-driven applications and platforms.

4, NOOL

Nodle Network aims to provide a global, easy-to-use, decentralized communication network for IoT devices. The Nodle network stack is a software solution for monetizing hardware and IoT devices. With Nodle, network contributors can share their communication resources to achieve network connectivity. These contributors become part of a shared, interoperable “civic network” and are incentivized to expand the network through proof-of-connectivity algorithms. This proof-of-connectivity algorithm is based on the number of base stations, network bandwidth, and geographic coverage.

5. WIFI

WIFI token is the native utility token of WiFi map. $WIFI brings many benefits to the WiFi map community. Holders of $WIFI will enjoy a wide range of benefits such as: $WIFI, cash back when purchasing eSIM mobile data packages. When purchasing fiat currencies, you will receive 3–5% $WIFI cashback directly to your wallet.

6, CRU

Crust provides a decentralized storage network of the Web3 ecosystem, supports multiple storage layer protocols including IPFS, and provides storage interfaces for the application layer. Crust’s technology stack can also support a decentralized computing layer. Crust aims to build a distributed cloud ecosystem that values ​​data privacy and ownership.

7, AKT

Akash is a decentralized cloud computing market, a decentralized cloud (DeCloud) designed for DeFi, which can release 85% of the 8.4 million data centers Underutilized cloud computing power. Akash enables anyone to buy and sell unused computing power.

8, DMTR

DMTR token provides a catalyst to accelerate the development of our already successful "ConnectedFarmer" platform. Dimitra has established a presence in over 40 countries through partnerships and agreements to implement our software. Dimitra Token is a utility token designed to meet four key requirements while unlocking the true potential of blockchain technology:

9, HNS

Handshake is a decentralized domain name protocol , compatible with DNS (Domain Name System, a hierarchical, decentralized naming system). Focus on the registration, certification, transaction and resolution of DNS top-level domain names (TLD). Users use HNS to bid for TLDs on Namebase and earn tokens when registering subdomains to that domain name. The founding team includes the proposer of the Bitcoin Lightning Network and the CEO of the Bitcoin e-commerce platform Purse.

10、THETA

ThetaNetwork is the leading video transmission network powered by blockchain technology. Theta allows users to watch video content simultaneously and earn token rewards by forwarding videos to other users who are also watching the same content. Like other sharing economy models, users choose to voluntarily provide their idle bandwidth and computing resources, forward videos to other users, and receive token rewards for their contributions. Users can contribute to ThetaNetwork from any PC, mobile device or smart TV.

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