What is Pi Network?
The Pi Network is a new crypto and developer platform
(1) that allows mobile users to mine Pi coins without draining their device's battery, reducing their impact on the environment and
(2) promote the most popular and accessible app platform in the world, where developers can provide users with actual gadgets and products in exchange for Pi coins. With over 50 million interactive user base (as of May 2023) allowing anyone to mine directly from their smartphones, Pi Network strives to bring real economic power to the masses. Pi's blockchain not only ensures economic transactions through a mobile talent system, but also ensures a full Web 3.0 experience where community developers can build decentralized applications (dApps). ) for millions of users.
Who developed the Pi Network? Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan - two Stanford PhDs in computational engineering and social sciences. Dr. Kokkalis, in addition to developing/founding a number of startups and human-centered technology in the past, also teaches a Stanford computer science class on Blockchain Decentralized Applications . Dr. Fan, receiving a PhD in computer anthropology, has also worked as a founding developer of several startups and projects around scaling social media and providing untapped social capital to people everywhere. Both are strong and long-term believers in the technical, financial and social potential of cryptocurrencies, but are frustrated by their current limitations. To address the shortcomings of traditional blockchains, they use a user-centric design philosophy to reverse the development of new blockchains. What makes the Pi Network unique? Pi's blockchain uses an adaptation of the Stellar Consensus Protocol (SCP) — an instantiation of the linked Byzantine Agreement — to validate transactions. Compared to traditional blockchain mining methods such as proof of work or stake, Pi's protocol provides unique decentralized control, low latency, flexible reliability, and security that is akin to part of the environmental cost. In short, fault tolerance is achieved through a decentralized network of nodes reaching consensus through a trusted network of mobile users validating their daily presence and proving authenticity. of other people in the network to earn Pi. The environmental impact is greatly reduced as this method does not require power-hungry hardware to mine. The Pi Network's robust economic design is built on an intuitive and transparent model that enables Pi coins to become a medium of exchange without centralizing tokens. Key tenets include fair distribution (all users have the same basic mining rate), scarcity (mining rate decreases as more people join) and meritocracy (rewards are distributed). distribution based on contributions to the network). Pi Network's developer platform also offers many qualities that may interest developers. As the world's largest authenticated user base, Pi Network has pre-built infrastructures such as crypto wallets, user authentication, notifications, deep linking, interoperability, and more. application and many other functions in its system. Its App Engine uses an operating system similar to Apple's iOS, with a secure blockchain component. Community developers can incorporate the Pi SDK and user authentication measures into their apps, allowing Pioneers to seamlessly integrate into the Pi ecosystem and move back and forth between apps. can interact differently without needing to sign in separately or provide other contact information. Are Pi coins available for sale? The Pi Network is currently moving from Testnet to Mainnet, where Pi coins will eventually be available for public sale. The Network does NOT have any ICO or any kind of crowdfunding and any Pi sale is not allowed and has no affiliation with the Pi Network. Those who want to join the Pi Network can download the mobile app from the Google Play Store or Apple App Store and start mining.
minepi.com/manh0209
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