Demystifying DePIN (Part 1) For now, quite a few people — even crypto-natives — arch their eyebrows at the mention of DePIN as the term is yet to fully settle in. So in the interest of clarity, DePIN stands for Decentralized Physical Infrastructure Networks…

Demystifying DePIN (Part 1)
For now, quite a few people — even crypto-natives — arch their eyebrows at the mention of DePIN as the term is yet to fully settle in. So in the interest of clarity, DePIN stands for Decentralized Physical Infrastructure Networks, or in simple terms, real-world applications. DePINs leverage tokens to incentivize people to set up hardware for providing and rendering real-world services. Think car-sharing, peer-to-peer solar power trading, 5G or WiFi connectivity, street mapping, electric vehicle charging, environmental data collection through smartphones, and other exciting use cases.

As an example, consider Silencio, which enables people to record noise pollution levels with their smartphones and earn token rewards for it. Another DePIN, Wingbits, uses tokens to incentivize people to set up private antennas tracking planes’ location data broadcasts. For history buffs among us, the fundamental model behind DePINs isn’t new; only the term, coined by Messari in late 2022, is actually relatively recent.

Early on, the name got its fair share of smirks — nothing wrong with that, memes are the way of Web3 — but its introduction set off a powerful movement imbued with a promise of change. And this change, interestingly enough, goes both ways, not only aiming at how we manage and earn from devices, but also making us, the Web3 natives, reconsider the way we think about Web3.

Bringing crypto into the real world is an exciting idea, if not a one-of-a-kind opportunity. It’s what the masses have been waiting for: real, tangible use-cases for blockchain that people actually need and use daily. The flipside is that this one-of-a-kind opportunity takes a bit more effort from launching another dog-themed memecoin, and has a lot of its own specifics too.

Bitwise’s 10 Crypto Predictions for 2024
ETF applicant Bitwise sees a huge year for Bitcoin in 2024. Here are the top 10 predictions from the San Francisco-based crypto asset manager:

1. New all-time-highs (ATHs) for Bitcoin: Bitwise believes BTC could go above $80,000, spurred on by the halving and the historic launch of spot Bitcoin ETFs, which will finally make Bitcoin a mainstream investment option for everyone.

2. Bitcoin ETFs will be the most successful launches of all time: According to the firm’s internal research, ETFs could capture 1% of the $7.2 trillion U.S. ETF market, or $72 billion, within five years.

3. Coinbase could shock the market with its earnings: Bitwise believes the U.S. based exchange will beat Wall Street forecasts of revenue growth by at least a factor of 10.

4. Volume of transactions via stablecoins will surpass those by Visa: The firm predicts that stablecoins, one of crypto’s “killer apps,” will see an increased role in daily finances, even surpassing financial payments giant Visa.

5. J.P. Morgan will tokenize a fund and launch it on-chain: Wall Street will move to tokenize real-world assets, with $5.5 billion already tokenized on-chain and set to grow to $16 trillion by 2030.

6. Ethereum revenue will double to $5 billion: Bitwise predicts that revenue on Ethereum will double from $2.3 billion this year, making Ethereum one of the fastest growing tech platforms.

7. Taylor Swift will launch NFTs for fans: Pop culture and crypto are set to once again intertwine, with Taylor Swift possibly introducing NFTs for fan engagement.

8. AI assistants will use cryptocurrencies: The firm believes that crypto will cement its place as the native currency of the internet, as AI agents use it for online transactions.

9. Prediction markets are set to rise as a “killer app” in crypto: The firm predicts over $100 million will be staked, highlighting their potential as a breakthrough application for cryptocurrencies.

10. A major Ethereum update will significantly lower gas fees: This will bring average transaction fees down to under $0.01, making Ethereum more competitive and appealing than ever for users.

Spotlight on a New Coinlist Project: Nillion

Today is the last day to participate in the token sale of a promising new project on Coinlist—Nillion.

Key Information:

Token Price: $0.40
TGE and Unlock Dates: 5% unlock at listing, with remaining tokens unlocked over 6 months
Total Supply: 1 billion tokens
Min and Max Investment: $100 to $5,000
Listing Date: Expected in August 2024
Major Investor: Tier 1 fund HASHKEY Capital

Project Overview and Vision

Nillion is an innovative project centered around personalized artificial intelligence (AI). The AI is designed to access all of the user's information—messages, photos, conversations, and more. The groundbreaking aspect of Nillion is its focus on privacy. Despite having access to vast amounts of personal data, Nillion ensures that this information remains private and secure. The data is stored on the blockchain, and according to the creators, there is no risk of data compromise.

Nillion is poised to make a significant impact with its unique blend of personalized AI and blockchain technology. By ensuring privacy and security, it addresses a major concern in the digital age.

Toncoin’s user activity has rivaled Ethereum’s, surpassing it by ten out of the past 12 days in June.

Toncoin has seen more daily active addresses than Ethereum since the beginning of the month.
- TON’s weighted sentiment was positive for the first time since June started.
- TON, the blockchain network linked to the popular messaging app Telegram, has seen more demand than the leading Layer 1 blockchain, ETH, since the beginning of June.

According to on-chain data provider Artemis, the number of unique addresses that have completed at least one transaction on Toncoin has exceeded that of Ethereum for ten out of the last 12 days.

In fact, on 3rd June, the daily count of unique addresses on Toncoin surged to a year-to-date high of 568,300, surpassing Ethereum’s 351,400 by 62%.

Further, due to this, the daily count of unique interactions on both networks has differed considerably. According to Artemis, Toncoin has recorded more daily transactions than Ethereum every day since 12th March.

According to Delphi Digital, the surge in the daily user activity on Toncoin over Ethereum has been “fueled by Telegram’s 900M user base.”

Paper Wallets: How to Securely Store Your Crypto Offline

A paper wallet is a physical document that contains your cryptocurrency's public and private keys. It’s one of the most secure ways to store your crypto offline, away from hackers and online threats.

Public Key: The address you use to receive cryptocurrency.Private Key: The key you use to access and manage your cryptocurrency.

Best Practices for Keeping Your Paper Wallet Safe.
- Use High-Quality Paper and Ink:
- Print your wallet on high-quality, durable paper to prevent deterioration over time.
- Use waterproof and fade-resistant ink.

Laminate Your Paper Wallet:Laminating your paper wallet can protect it from physical damage like water spills and tears.

Store in Multiple Locations:- Keep copies of your paper wallet in multiple secure locations to safeguard against loss or destruction.
- Consider using a safe deposit box or a fireproof safe.

Protect Your Private Key:- Never share your private key with anyone.
- Avoid taking digital pictures of your paper wallet to prevent online leaks.

Regularly Check Your Wallet:- Periodically check that your paper wallet is still secure and the information is readable.
- Update storage methods if necessary to maintain security.

What is DePIN: The Trending Technology Revolutionizing Infrastructure

DePIN (Decentralized Physical Infrastructure Networks) is the latest trend, combining blockchain with physical infrastructure like energy grids, transport systems, and communication networks.

Key Features:

Decentralization: Managed by nodes, not a central authority, ensuring transparency and security.Smart Contracts: Automate agreements, reducing intermediaries.
Tokenization: Digital tokens represent physical assets, simplifying ownership and investment.
Why is DePIN Important?

Efficiency: Cuts bureaucracy and costs.
Transparency: Clear, tamper-proof transactions.
Security: Enhanced protection against hacks.

Trending DePIN Projects:

Helium (HNT): IoT wireless network.
Filecoin (FIL): Decentralized storage.
Energy Web (EWT): Decentralized energy systems.
MXC: IoT network for smart cities.
IoTeX (IOTX): Secure IoT platform.

DePIN is trending now, promising greater efficiency, transparency, and security. Stay tuned for more updates!

TON = 7,07$

Keep holding.