The #DePIN narrative is picking up more momentum. Projects are materializing, and market growth projections are strong.

Some interesting and important #DePIN developments are happening now, the Data Layer included.

Here's my take to help you connect the DePIN dots 🧵 2/ In general, DePIN focuses on constructing infrastructure through #decentralized collaboration.

Infrastructure is a broad term, and technically DePIN could touch anything from roads to networks. Wireless, energy, and storage infrastructure are what's happening today.

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The Internet is a complex network of networks on which we have become ULTRA dependent (5bn Google searches, over 874M tweets a day… and the list goes on). But do you know how it works?

Here’s an Internet 101 to get you up to speed (🧵) 2/

In simple terms, we can think of the Internet as a wire. This wire connects devices together to send and receive data between each other.

1) So this happened to one of the largest social and internet networks in the world. Let me walk you through citing @DougMadory and his analysis at krebsonsecurity.com/2021/10/what-h…, why it will happen again and what we think the future is 2) "at approximately 11:39 a.m. ET today (15:39 UTC), someone at Facebook caused an update to be made to the company’s Border Gateway Protocol (BGP) records"

1/ Some thoughts about the outages/congestion everyone is experiencing today:

What's nice about blockchain is that even when transactions become very expensive, it still works. This is so important to remember. From a technological standpoint, the engine remains running. 2/ Of course, we'd rather have every system built to work optimally in all conditions, but in reality, you can't expect @coinbase infrastructure to function smoothly for loads 1000x above normal.