- Filecoin leverages decentralized cloud storage to enhance data security and reliability, minimizing risks tied to centralized providers.
- Bittensor offers a decentralized framework for AI development, rewarding contributors in its native TAO token based on value provided.
- Theta Network decentralizes video streaming, utilizing blockchain and bandwidth sharing to deliver high-quality content to underserved areas.
As the digital world evolves, decentralized technologies reshape industries, offering safer, more efficient alternatives to traditional systems. Platforms like Filecoin, Bittensor, Theta Network, and Arweave lead the charge, disrupting cloud storage, AI development, video streaming, and data retention. By applying blockchain and decentralized networks, these projects promise enhanced security, fairness, and long-term reliability—ushering in a future where control is distributed and innovation knows no boundaries.
Filecoin(FIL): Decentralizing Cloud Storage for a Safer Future
Current price: $3.94
Market cap:$2.34B
Filecoin is one of the leading DePINs, revolutionizing cloud storage with completely new and emerging concepts. The solutions are very different from those of other big centralized players, including Amazon, Google, and Microsoft, since Filecoin allows for data distribution across hundreds of nodes, enhancing file safety. It has less risk than traditional cloud services because there isn’t one’s point of failure in the process. Users use the token to pay for storage. Miners are also rewarded with tokens to enhance the security and storage of the network.
Bittensor(TAO): Revolutionizing AI Using Decentralized Machine Learning
Current price: $595.60
Market cap:$4.39B
Bittensor is a blockchain-based, decentralized machine learning network that empowers collaboration in training AI models. Contributing with informational value to the collective is incentivized through rewarding participants in its native token, TAO. That means it democratizes AI development by creating a decentralized, token-driven market in which participants are rewarded with tokens for their added value. Bittensor unique vision emphasizes open-source collaboration, ensuring that AI development and access are distributed globally, without centralized control.
Theta Network(THETA): Redefining Global Video Streaming
Current price:$1.35
Market cap:$1.35B
Theta Network is changing faces in video streaming with its decentralized infrastructure. Video quality increases in the most underserved areas by allowing users to contribute any extra bandwidth. It includes two native cryptocurrencies: THETA is used for governance and staking purposes, while TFUEL is meant for transacting on the platform. Backed by global leaders in the industry, such as Google and Samsung, Theta Network also runs decentralized video and AI computing and acts as a game-changer compared to traditional video streaming services such as YouTube and Netflix.
Arweave(AR): Permanent Storage with Decentralization
Current price:$19.36
Market cap:$2.78B
Arweave is a decentralized storage network that provides permanent storage. The native AR token incentivizes miners to store information perpetually. Launched in 2018, Arweave underpins “the permaweb,” a permanent, blockchain-based web of decentralized applications designed to last. This unique platform ensures data stays available forever, unlike traditional storage solutions that rely on ongoing payments for data retention.
The post Best DePIN Coins to Invest in October 2024: Leading Decentralized Networks in Cloud, AI, and Streaming appeared first on Crypto News Land.
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