DePIN
Technology & Computing abbreviation · Cryptocurrency & Blockchain
| Stands for | Decentralized physical infrastructure networks |
|---|---|
| Categories | Technology & Computing |
DePIN stands for Decentralized physical infrastructure networks, a cryptocurrency & blockchain abbreviation.
Crypto projects that use token rewards to encourage people to build and run real-world infrastructure, such as wireless hotspots, storage, sensors, mapping cameras or GPU computing, instead of a single company owning it.
Example: The DePIN project pays drivers in tokens for dashcam footage used to build maps.
Usage notes
Helium, which rewards people for hosting wireless hotspots, is the most cited example, and the label spread around 2022 and 2023. Other projects include Filecoin for storage and Hivemapper for mapping. Critics question whether token incentives create lasting demand once rewards shrink.
Related abbreviations
More cryptocurrency & blockchain abbreviations
- CeFi – Centralized finance
- CEX – Centralized exchange
- DAO – Decentralized autonomous organization
- DApp – Decentralized application
- DCA – Dollar-cost averaging
- DeFi – Decentralized finance
- DEX – Decentralized exchange
- DLT – Distributed ledger technology
- DOGE – Dogecoin
- DOT – Polkadot
- DPoS – Delegated proof of stake
- DYOR – Do your own research