DePINs hold significant potential to enhance various services but face hurdles like complex technology and high developmental costs
IoTeX, a modular Web3 infrastructure connecting real-world data and smart devices to blockchains, announced its IoTeX 2.0 launch. Supported by launch partners, including Near for data availability, Filecoin for storage, RISC Zero for secure zero-knowledge computing and Espresso for streamlined sequencing.$3.
IoTeX 2.0’s launch features a diverse array of partners, including Near for data availability, Filecoin for storage, RISC Zero for secure zero-knowledge compute and Espresso for streamlined sequencing. This new iteration of IoTeX enhances the development process within the DePIN ecosystem.integration, OKX for wallet solutions, Axelar for bridging services, The Graph for indexing, Steamr for connectivity and Irys for provenance.
DIMs facilitate the development and scaling of DePIN projects by providing them with immediate market exposure, liquidity and a mechanism for verification. As these projects grow, they have the opportunity to transition to their own specific layer 2 blockchains, achieving a greater degree of independence.Another component of IoTeX 2.0 is the Modularity Security Pool , which allows blockchains focused on DePIN, like IoTeX layer 1, to restake theirsecurity into DIMs and other DePIN projects.
Under IoTeX 2.0, the gathering, secure processing and analysis of extensive real-world data could potentially lead to the development of superintelligent AI systems. Such systems might eventually perform decision-making tasks more effectively than human beings or traditional institutions, potentially reshaping social, economic and political structures.
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