Introduction of Pi network: Pi is a digital
currency that an individual can mine on their telephone. This is a type of
advanced cash that can be gotten by the local system instead of the government
or through banks. The main vision for introducing Pi was to make it available
for people to mine on their smartphones. Nodes on the Pi network use an
algorithm depending on the stellar consensus protocol (SCP). The Pi mining app
can be linked with the user’s phone number or with a Facebook account and act
as a cryptocurrency wallet.
History of Pi
Pi was discovered by
Nicolas Kokkalis and Chengdiao fan. Nicolas Kokkalis is a head of technology
and has a Ph.D. from Stanford University and Dr. Fan is also a Ph.D. scholar
from Stanford University in computational anthropology. In 2019, the concept of
the Pi network first time came into existence and the app was launched the same
year. In 2020 testnet of pi was launched and the amount of active pioneers extend
to 1 million.
From the end of June
2021 to the end of September, Pi organized its first hackathon, #BuildPi2gether,
it is a collaborative event in which the developer and pioneer join to strengthen
the future of Pi. For the leading projects, it awarded $100,000 and pi
of business and ecosystem.
Future updates to 2022
On 14 March 2022, two
more updates are declared by the team. A new mechanism of Pi mining that
permits more varied mining rewards, and the release of a mass KYC solution.
These actions help to increase the value of advertisers.
The Pi KYC
The Pi KYC solution
helps with verification to maintain the integrity of Pi network. The automation
machine will be responsible for fake ID dection, text extraction, liveness
check, image processing and comparison.
Before investing, be
careful and do your research because pi has faced the controversy of its fair
share.
According to technical
analysis and price forecast, the price of the coin is expected to reach the
level of $7.57 in 2022. The price of the minimum level should be $7.31.
Price prediction from
2022 to 2025
CoinMarketCap is a
cryptocurrency data provider that previously listed the coin value at
$0.007077. Last year, the price
prediction by DigitalCoinPrice for 2022 saw the trading of coins throughout the
year at an average of $0.0127.
The website’s Pi price prediction
indicated a price of $0.0212 for 2025. It also showed the growth of pi
prices by 2023 and 2024.
FAQs About Pi Network
Is pi real?
Pi network is genuine and not a scam. It is an effort done by the Standford graduates team to facilitate people to easily access cryptocurrency. The core team of Pi includes one Standford MBA and two PhDs. All of whom have major contributions to building the blockchain community.
How does the Pi app work?
This app permits its customers to earn Pi by contributing to the community of Pi. Earning Pi depends on your investment, the more you contribute more chances you have to earn Pi. Firstly to start Pi earning check in 24 hours and start the mining by hitting the lightning button. After mining, you can invite your close friends and family to enhance your hourly rates. You can increase your earnings after three days of mining by raising your security circle.
What are the multiple earning levels of Pi?
· The first level is known as a pioneer. These users can open the app every 24 hours.
· The second level is a contributor
· The third level is an ambassador level, which provides a bonus multiplier of 25 percent.
Conclusion
Mining
on the Pi network is easy than other cryptocurrencies. It is easy to mine on
smartphone and watch the rewards daily. Pi network success is based on the
ability to approach enough people and utilities.
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