LooPIN: A PinFi protocol for decentralized computing
Fuente:
arXiv
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| Autores principales: | , , |
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| Formato: | Preprint |
| Publicado: |
2024
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| Materias: | |
| Acceso en línea: | |
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| _version_ | 1866914159281569792 |
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| author | Mao, Yunwei He, Qi Li, Ju |
| author_facet | Mao, Yunwei He, Qi Li, Ju |
| contents | Networked computing power is a critical utility in the era of artificial intelligence. This paper presents a novel Physical Infrastructure Finance (PinFi) protocol designed to facilitate the distribution of computing power within networks in a decentralized manner. Addressing the core challenges of coordination, pricing, and liquidity in decentralized physical infrastructure networks (DePIN), the PinFi protocol introduces a distinctive dynamic pricing mechanism. It enables providers to allocate excess computing resources to a "dissipative" PinFi liquidity pool, distinct from traditional DeFi liquidity pools, ensuring seamless access for clients at equitable, market-based prices. This approach significantly reduces the costs of accessing computing power, potentially to as low as 1% compared to existing services, while simultaneously enhancing security and dependability. The PinFi protocol is poised to transform the dynamics of supply and demand in computing power networks, setting a new standard for efficiency and accessibility. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2406_09422 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | LooPIN: A PinFi protocol for decentralized computing Mao, Yunwei He, Qi Li, Ju Distributed, Parallel, and Cluster Computing Artificial Intelligence Computational Engineering, Finance, and Science Cryptography and Security Networked computing power is a critical utility in the era of artificial intelligence. This paper presents a novel Physical Infrastructure Finance (PinFi) protocol designed to facilitate the distribution of computing power within networks in a decentralized manner. Addressing the core challenges of coordination, pricing, and liquidity in decentralized physical infrastructure networks (DePIN), the PinFi protocol introduces a distinctive dynamic pricing mechanism. It enables providers to allocate excess computing resources to a "dissipative" PinFi liquidity pool, distinct from traditional DeFi liquidity pools, ensuring seamless access for clients at equitable, market-based prices. This approach significantly reduces the costs of accessing computing power, potentially to as low as 1% compared to existing services, while simultaneously enhancing security and dependability. The PinFi protocol is poised to transform the dynamics of supply and demand in computing power networks, setting a new standard for efficiency and accessibility. |
| title | LooPIN: A PinFi protocol for decentralized computing |
| topic | Distributed, Parallel, and Cluster Computing Artificial Intelligence Computational Engineering, Finance, and Science Cryptography and Security |
| url | https://arxiv.org/abs/2406.09422 |