Hashing It Out The era of DePINs with Pavel Bains, CEO of Bluzelle
In this episode of Hashing It Out by Cointelegraph, host Owusu Akyaw interviews Pavel Bains, co-founder and CEO of Bluzelle, about decentralized physical infrastructure networks (DePINs). They discuss what DePINs are, why there’s growing interest in them, and the role of storage in this ecosystem. Bains explains how Bluzelle is building a decentralized storage network on top of IPFS, offering better security and redundancy than traditional models. They also touch on the use of AI in managing data storage, the importance of incentives in the Web3 space, and the potential interaction between DePINs and DeFi.
Timestamps:
(00:00) - Introduction to the episode
(02:21) - Analysis of the current crypto market, past trends, and prediction of future movements
(07:57) - The concept of decentralized physical infrastructure networks
(09:54) - Rise of DePINs, the reasons behind the hype
(11:16) - Bluzelle’s use of IPFs and comparison with traditional storage models
(15:55) - The importance of storage in the DePIN ecosystem
(17:50) - Challenges in building decentralized storage solutions
(19:59) - The role of AI in data storage, potential applications, and limitations of AI in this space
(24:10) - The importance of providing incentives in Web3 space
(27:30) - The interplay between DeFi and decentralized infrastructure
(29:27) - Future of decentralized infrastructure
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