The rise of decentralized networks

adminMarch 28, 2024

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Decentralized physical infrastructure networking, commonly known as DePIN, is quickly emerging as one of the most dynamic sectors within the web3 ecosystem and is having a major impact on the daily lives of individuals around the world. The essence of the DePIN network lies in its ability to leverage incentives to encourage people around the world to collectively build and maintain infrastructure. This infrastructure is critical to a variety of applications, including computer rendering, electric vehicle (EV) charging, and communications networks.

Helium: Pioneering the future of distributed connectivity

A prime example of this innovation is Helium, which is at the forefront of developing the world’s fastest expanding distributed wireless network. Helium is more than just a mobile service provider, offering 5G connectivity for as low as $20 per month through the community-driven Helium Mobile network. It is also a testament to the power of collective effort. Highlighting the unique aspects of Helium, Abhay Kumar, CEO of Helium Foundation, said:“Helium is a network that aligns incentives between those who want to connect and those who can provide it.”

Noah Prince, Head of Protocol Engineering at the Helium Foundation, highlights the tangible nature of Helium blockchain use cases. “Helium is easy to explain because it involves actual physical hardware on the ground,” he said. There are two networks: 5G network and IoT network. “Essentially, anyone can turn their home into a cell phone tower by installing a hotspot and allowing passers-by to access the network.” These hotspot providers are compensated with Helium’s native tokens for the connections they provide.

Scott Sigel, COO of the Helium Foundation, highlights the cost-effectiveness of the Helium community-based network. “With Helium, it’s a community that leverages what we already have in terms of location and hardware,” he said. The idea of being able to run something on a community-built network makes everything cheaper. Now we’re talking about a $20 cell phone plan. Because you’re not dealing with a large, centralized organization that has real estate, operations, maintenance and headcount to consider. So costs will continue to decrease over time.”

Leveraging blockchain for scalable decentralized networks

The expansion of the Helium network requires the growth of the underlying blockchain. Solana is the only viable option for this purpose. Since moving to Solana in April 2023, Helium has launched a $20 unlimited 5G cellular plan across the U.S., partnered with telecom giant Telefónica to expand its coverage to Mexico, and partnered with Google to bring Helium services and services to Pixel 8 smartphones. Bundled with hotspot. . The impressive growth of the Helium network is a testament to the quality of its services, the value it provides, and the pivotal role blockchain technology plays in unlocking emerging industries.

Elaborating on the importance of blockchain technology, Sigel said Solana appears to be the only option in blockchain that can solve the scalability needs of Helium.

We are coordinating operations at scale in the physical world, and token incentives help us solve this. It is not possible to process this through traditional payment methods. It only works with blockchain technology. At that speed and that scale, Solana is a natural fit. We’re not only considering scaling and scalability, but also what the average user experience will be like. It has to be intuitive, fast, and simple. Solana is the only blockchain that supports this type of interface.

Prince also emphasizes that Solana is the only product suitable for Helium.

Building the world’s largest wireless network is challenging enough on its own. I don’t need a blockchain to get in my way, but Solana doesn’t. As the Helium network grows, an underlying blockchain will also be needed to grow with it. And Solana is the only real option for that.

Smog: A Unique Solana-Based Meme Coin

Smog is a new meme coin on the Solana blockchain and is best known for its innovative airdrop, which has been called “the best SOL airdrop of all time.” Unlike traditional airdrops, Smog introduces gamification, requiring SMOG token holders to complete tasks for airdrop points. Details of these operations are kept secret, adding an element of mystery.

Aside from its airdrop approach, Smog stands out for its unique aesthetic. A green dragon appears instead of the usual animal mascot and is quickly gaining popularity. Immediately after its launch on the Jupiter DEX, Smog’s value soared 1500% and continues to accumulate, promising potential future gains.

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