Juheng.com-Messari: PoPW has the potential to ignite the next bull market

summary

Proof of Physical Work (PoPW) is a novel Token distribution mechanism that rewards participants for completing verifiable physical work in the real world.

Many protocols are leveraging physical proof-of-work frameworks to incentivize supply-side participation in building hardware networks. These include wireless, mobile, environmental, computing and storage networks.

Cryptoeconomic protocols are extremely powerful at incentivizing and coordinating human activity, making them useful for developing real-world decentralized infrastructure and hardware networks.

Using a physical proof-of-work framework, the protocol can incentivize participants to build its network so that users find it attractive.

Amid the market decline, cryptocurrency critics have become active, blasting the industry over whether it has any real use cases. Aside from innovative capital formation and use cases for non-sovereign currencies, removing middlemen, and breaking up monopolies, their argument seems to make sense. But in fact, cryptographic protocols have been so successful at coordinating activity in the digital realm that projects have begun using cryptography for real-world infrastructure.

Cryptoeconomic protocols can incentivize real-world foundations through the coordination capabilities of blockchain technology .... See more