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CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | How DePIN Revolutionizes Crypto and Beyond

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 13 August 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Jennifer Sanasie.

To get the show every day, follow the podcast here.

CoinDesk's Jennifer Sanasie breaks down the developments in DePIN and how it utilizes blockchain technology to manage physical infrastructure resources in a decentralized manner. Plus, how this technology could potentially revolutionize the monopoly of big tech and utility companies.

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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Tuesday, August 13th, and this is Markets Daily hosted by me, Jen Sanassi.

0:05.0

On this show, we navigate the currents shaping the crypto markets, providing insights

0:08.7

against the broader financial landscape.

0:10.9

So whether you're actively trading or simply fascinated by the volatility of the

0:14.5

crypto markets, this show is your compass to understanding what's happened, where we are,

0:19.4

and where we're going.

0:20.6

Good morning, everyone.

0:22.4

A lot of people recently have been asking me about D-Pin. So on this episode, we're going to take

0:27.8

a deep dive into what it is, what the future could look like, and why it matters to the

0:31.8

crypto markets. Now, D-Pin stands for decentralized physical infrastructure networks.

0:37.4

It might sound a bit technical,

0:38.8

but it's actually a fascinating concept with real-world applications. Essentially, DIPN refers to the

0:44.1

use of blockchain technology to manage and coordinate physical infrastructure resources in a

0:49.6

decentralized manner. Now, this can include anything from internet connectivity and cloud storage to energy grids

0:56.0

and transportation systems. So why is Deepin relevant to the crypto markets? Well, Deepin projects

1:03.0

often use tokens to incentivize participation and investment. These tokens can be used to access

1:09.2

services, pay for usage, or even earn rewards for

1:12.5

contributing resources to the network. It's a new economic model that blends physical

1:16.8

infrastructure with digital assets. Let's take helium, for example, one of the more well-known

1:22.0

D-PIN projects. Helium is a decentralized wireless network powered by blockchain.

1:27.5

People can set up devices called hotspots to provide wireless coverage in their area.

1:32.4

In return, they earn helium tokens or HNT.

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