PI Cryptocurrency The New Way Of mining

Pi the Cryptocurrency

Pi Cryptocurrency is a new crypto platform set to change the crypto mining sphere by integrating the “smartphone mine and earn feature”.

 

When bitcoin was first created by the mysterious Satoshi Nakamoto in 2009, it was intended to make virtual finance accessible to all people. A decentralized cryptocurrency would allow people to make money for themselves, as one could mine pieces of bitcoin and then cash in once they acquired a whole bitcoin. Today, one bitcoin is worth $7,082.05. While it’s not worth nearly as much, the newest cryptocurrency, called Pi, takes that goal a step further.

The pi cryptocurrency is developed by a group of Stanford graduates, Pi Cryptocurrency seeks to correct upon the mistakes of Bitcoin by offering a platform where users collectively control the network as well as the ownership of coins in an effort to prevent the shift to a centralized system. Pi Cryptocurrency is the only cryptocurrency that affords you the opportunity to mine on your smartphone without necessarily draining your battery life or your mobile data.

Launched in beta on Pi Day (3/14/2019), Pi has rapidly grown to more than 2m installs, with active members spanning 180 countries. the Pi Network was created by three Stanford Ph.D. graduates: Dr. Nicolas Kokkalis, Dr. Chengdiao Fan and Vincent McPhillips. Dr. Kokkalis is a computer engineering Ph.D. and teaches Decentralized Applications of Blockchain at Stanford. He’s been working with blockchains since he began his early Ph.D., designing several social apps that have garnered over 20 million active users. That list includes Gameyola, the online gaming platform. He also helped found StartX, a Palo Alto startup designed to help entrepreneurs perfect their business models. With an extensive background in computer engineering and software, Dr. Kokkalis mainly focuses on the Pi Network’s script and code design.

             

                

                                     

There are four roles pi user can play as pi miners, namely:

Pioneer: The user of the pie represents pioneer if he/she is confirming that they are not “robot” on a daily basis by logging in the app and click on the mining rate option after every 24 hrs.

                                             

Contributor: The user becomes a contributor after the repetitive login as a pioneer for 3 days. After three days the role of a contributor can be unlocked and a strong security circle can be built by selecting members of pi, this leads to the mining speed of the coins.

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