TopicStarter: xCryptoQueen –
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Pi is launched in March 2019 by three Stanford graduates. Pi is presented as the first cryptocurrency for everyday people, representing a major step forward in the adoption of cryptocurrency world-wide. Despite the benefits of Bitcoin, its (likely unintended) concentration of money and power present a meaningful barrier to mainstream adoption. Pi's core team has conducted research to try to understand why people are reluctant to enter the cryptocurrency space. People consistently cited the risk of investing/mining as a key barrier to entry.
Pi's solution is the Stellar Consensus Protocol (SCP) which is extremely user (and planet) friendly and enables mining on mobile phones. 'Mining' is defined more broadly here than in its traditional meaning equated to executing proof of work consensus algorithm as in Bitcoin. In contrast to Bitcoin which created a fixed supply of Pi for the entire world population, Pi creates a fixed supply of Pi for each person that joins the network up to the first 100 million participants (or 10 million, this still has to be decided). In other words, a fixed amount of Pi is pre-minted for each person joining the network and is released based on their level of engagement. You do not need any technical knowledge to mine Pi and – it is still free.
How to participate and start mining your Pi?
You can install the 'Pi Network'-application on your smartphone from the App/Play Store. Next, you will have to register to become a Pioneer. For the registration, you will need an invitation code from a trusted member from the community. Feel free to use the invitation code "PiShare" so we can discuss in our private chat. To 'mine' you will have to click a button in the app once a day.
I have added some links below. Not convinced? Ask me anything!
Download 'Pi Network' on Android: https://play.google.com/store/apps/details?id=com.blockchainvault&hl=nl
Download 'Pi Network' on iOS: https://apps.apple.com/us/app/pi-network/id1445472541
White paper: https://minepi.com/white-paper
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