Chirp, Render, BitTorrent, Filecoin, Theta Network, MultiversX, and Ocean Protocol are all examples of DePIN coins. These coins are used to power decentralized networks that provide essential services like internet access, cloud storage, and data sharing.
Chirp is a decentralized network for telecommunications and IoT connections. It aims to solve the fragmentation in IoT systems by enabling seamless connectivity among devices from different manufacturers like Samsung, Microsoft, and Google.
Chirp's approach combines IoT connectivity with gaming, offering users a unique way to engage with technology while earning rewards. This could potentially transform how we interact with IoT devices, making everyday tech use more interconnected and rewarding.
Render Network is a decentralized platform that connects creators who need rendering services with people who have spare GPU power. By utilizing unused GPU resources, Render offers scalable and budget-friendly rendering solutions. Whether it’s for 3D graphics, animations, or virtual reality content, Render makes powerful rendering more accessible.
In 2024, Render made a big leap from Ethereum to Solana, renaming its token from RNDR to RENDER. This shift was all about boosting transaction speed and scalability. Major exchanges supported this transition, and it went smoothly with a 1:1 token swap. Throughout the year, Render’s user base grew, showing its increasing popularity among creatives and tech enthusiasts.
BitTorrent, a name that’s been around since the early 2000s, has evolved from its original software into a fully decentralized platform. Purchased by TRON in 2018, BitTorrent now allows users to share files directly without the need for a central server. This transformation has made it a key player in the decentralized file-sharing space.
Filecoin is a decentralized storage network that lets people store, retrieve, and host data in a peer-to-peer fashion. By using blockchain technology, Filecoin creates an open marketplace where storage providers and clients can transact directly. This ensures that data is stored securely and verifiably over time.
Theta Network is shaking things up in the video streaming world by using blockchain to make things more fair and efficient. It’s not just another streaming platform—it’s a whole new way to think about delivering content. At its core, Theta lets users share their extra bandwidth and computing power, which helps improve streaming quality and cut down costs for content creators.
MultiversX is a unique player in the world of decentralized infrastructure, offering a wide array of services that span across DePIN, decentralized finance, and the Internet of Things. The platform’s proprietary blockchain infrastructure is capable of handling up to 100,000 transactions per second, with transaction costs as low as $0.002. This makes it incredibly efficient for micro-transactions.
Ocean Protocol is a decentralized data exchange protocol that plays a crucial role in the digital economy by enabling secure and transparent sharing of data. Its primary aim is to facilitate the use of data in a way that supports artificial intelligence and machine learning applications.
