Why DePINs need an industry-specific layer-1 blockchain
Decentralized Physical Infrastructure Networks (DePINs) empower communities to build and manage their own physical infrastructure, redistributing the value generated from centralized corporations. DePINs address the challenges faced in general-purpose blockchains like Ethereum and Solana, which are not optimized for the specific needs of managing real-world devices. Key challenges include the lack of standardization, latency issues, and poor integration with hardware. A dedicated Layer 1 blockchain, such as peaq, is necessary for the successful implementation of DePINs as it can provide low-latency updates, identity management, and real-time data verification. Peaq is engineered specifically for these use cases and includes features like self-sovereign identities for devices and precision timing for machine coordination. Several projects, like SkyX and Farmsent, exemplify the tangible benefits of DePINs on peaq, contributing to fields such as weather data and agriculture. Overall, peaq supports a transition to community-owned infrastructures and fosters new economic models, promoting digital sovereignty and enabling new decentralized applications.
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