Different mineble coins on your phone
Pi Network – Hello and welcome to an evaluation of different applications, there you can mine your currency for free.
First of all, I have always been a fan of trying to find new solutions to enter the cryptocurrency market by investing a single dollar. It’s taken me a long time to find some ways that can actually work. In this episode I will talk about applications, yes, applications on your phone.
Applications if you mine “your currency” that supposedly could become like all other cryptocurrencies, a currency listed on Coinmarketcap. I’ll review each and every “app” in a miniseries.
The Pi network was the first app I entered where you could mine your “Pi” coin for free. The infrastructure of the application for me is quite solid and gives you a serious impression. It’s easy to use too, you just have to press mine every 24 hours, so we say you press “mine” at 10am and then you have to press “mine” at 10am the next day to continue the session. 24 hour mining. The Pi network has been around for a while as an app in both the app store and Google Play, so the speed of mining has dropped a bit, the mining rate has been halved according to a set of different goals These goals have been when Pi had reached a specific number of “pioneers” that was achieved. Those of us who secure the network call ourselves pioneers (miners).
To get to a higher mining speed you have to invite people to Pi to mine and add them to a safety circle and get a higher speed. You can get a higher extraction speed for A – you get a maximum bonus if you have five in your safety circle, you get a bonus of just one or two too. These don’t need to be active miners for you to get that mining speed. B: The number of people you have invited who are online mining. If you have invited for example fourteen pioneers, nine of them are active miners, you get a bonus for these nine because they are active miners.
One clever feature is that once every 24 hours you can ping your “team” those you have invited and those who are not active in mining get a popup on their phones telling them to start mining. A good function for both parties.
Pi is aiming to launch mainnet by the end of the year, I really think this is going somewhere. The testing of the nodes is in stage two, I applied to join as a node myself and now I am being tested just for that (I hope Pi grows into something big and gets approved to be a node).
They recently released a second application – the Pi browser in this application you have your wallet. The wallet is now in the testing stage and you get 100 free Pi in the wallet until you can have your own Pi mined when it is ready. The wallet is unlocked by seeds, a phrase of words in a specific order. You also get a public key so others can send you Pi. The second application is also a chat, a browser, and a brainstorming forum. The brainstorming forum is for pioneers to contribute ideas for ecosystem development, blockchain, etc.
In the future, you need to check your phone number and Facebook, you can also do it now, but it is not necessary for now. You have to do it in the future to be able to sell / trade your Pi.
The core team that we have two people is Dr. Nicolas Kokkalis (Head of Technology) and the other is Dr. Chengdiao Fan (Head of Product). Nicolas is a PhD from Stanford University, he also seems to have a good understanding in general on all aspects within cryptocurrencies. He has also developed a framework for writing “smart contracts” in fault-tolerant distributed systems. This was even before blockchains. Dr. Chengdiao Fan also seems to be a credible person, she has a PhD in anthropological sciences from Stanford University and from what I can read she likes blockchain technology and how they can augment a more decentralized environment.
Pi Network has a white newspaper and when I read it I love what I read and I quote it.
“Our mission: to build a cryptocurrency and smart contract platform secured and operated by ordinary people.”
Damn, isn’t that beautiful ?:
He also in the whitepaper establishes a vision and that vision is to build the most inclusive peer-to-peer market in the world, this market, of course, led and developed by Pi. They also claim in the vision that Pi will be the most widely used cryptocurrency in the world, that’s a bold statement. But hey, set your goals high and aim for the sky!
I really believe in this project, the community is strong and has reached 17 million pioneers! that’s a lot, not only do I believe in this. It is speculated that Pi could reach a value of between 10 and 100 dollars per pi, that is perhaps a very bold statement, but who really knows?
Pros with Pi Network:
-It’s easy, just download the app and you’re done.
– It does not take you time, it is rolling alone
– You have a chance to earn what could be great crypto in the future
-If Pi is a success, wouldn’t you regret in the future if you didn’t make the first “Pros with Pi Network” statement?
Thanks for your time!
If you’re sure I’ll give this Pi network a try. I would love for you to use my invitation code, which is: Sannyashi, they ask you when you set up the app after an invitation code.
I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/Sannyashi and use my username (Sannyashi) as your invitation code.
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