The post Discover 3 Key Benefits of Modular DePin Infrastructure appeared on BitcoinEthereumNews.com.

IoTeX recently introduced a transformative approach in decentralized physical infrastructure networks (DePins) known as the Modular DePin Infrastructure. This innovation aims to redefine the creation and functionality of Web3 technologies. Compared to traditional infrastructures, it offers a more efficient and cost-effective model. How Modular DePin Infrastructure Solves the Pain Point of Startups The surge in DePin startups highlights a growing interest in this technology. However, many face obstacles like limited funding and technical challenges, delaying their progress. To combat these issues, Modular DePin Infrastructure proposes a flexible, community-driven framework. In a social media post, IoTeX outlined three major benefits of this modular infrastructure – it is cost-effective, allows the community to capture more value, and enhances collaboration. These ready-made modules resolve technical difficulties and also enable quicker and less expensive product launches. By decentralizing each module, the community retains greater value, strengthening the overall DePin ecosystem. “That’s it! Modular DePin infra isn’t just efficient — it’s a catalyst for community empowerment and collaborative success,” Render Network said, supporting IoTeX’s views. Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)? This infrastructure allows for the assembly of customized applications through various modules. These include hardware abstraction, connectivity, sequencer, data availability, long-term storage, off-chain computing, blockchain, identity, and governance. Developers can select and combine these modules based on their project’s specific needs, providing unparalleled adaptability. One of the core advantages of this system is its community ownership. Different teams develop and maintain each module, fostering a collective ownership model. This setup creates a marketplace where developers can choose optimal modules for their applications, encouraging a module-specific economy. Moreover, the modular system’s flexibility supports the development of a wide range of DePin applications. These include sensor networks that monetize physical data, connectivity networks that utilize various wireless technologies for bandwidth monetization, and computing…

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Filed under: News - @ June 26, 2024 3:28 pm