What is Pi Network?

in #technology4 years ago

We are still in the early days of blockchain technology and the Pi network and coin are hoping to stand out among a crowded area. The Pi coin is currently in beta mode.

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Pi Coin was made available by three entrepreneurs at Stanford University. Pi, which was created on the basis of the Stellar platform, has simulated the mining process with the updates they make, although the Stellar platform does not allow the mining process in the development process and has made it a sharing model based on the skills and merit of the people.

Pi Network - Pi Coin Mining

Today, almost all cryptocurrencies on the market are scraped with graphics cards and a tremendous amount of electricity is consumed. Pi, unlike these, allows you to dig after entering the Pi Network network without the need for internet and electricity. Once you start this excavation process on mobile applications, even if you turn off your phone, Pi

Network continues the excavation process.
After logging into the application and starting the excavation process, Pi Network gives you Pi every 24-hour periods. After completing this 24-hour excavation process three times, you can now reach the contributor role and set up your own safety circle.

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As in the production of all other crypto currencies, the halving process, also called halving, takes place after the digging process reaches certain levels in Pi. In other words, as the current member reaches the new strength of the number 10, your earnings from the digging process you do decrease by half. The existence of this system in crypto currencies aims to make money harder and gain value day by day.

How to Register to Pi Network?

In order to join the Pi Network network and dig, you must first download the mobile application from the relevant stores and register with a friend's reference code.

After you download the application and become a member, you will receive a notification every 24 hours and you will be able to start the excavation process by clicking the lightning bolt icon in the application. After you start the excavation process, both the person you are a member of with the reference and the people who are members with your reference will set up a circle and your digging speed will increase by 25%. After starting the engraving process, either turn off the internet or turn off your phone, this process will continue automatically.

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When Will Pi Be Listed On Exchanges?

As we know, the PI network has not entered the stock markets yet.In order for Pi to be listed on crypto money exchanges, it must first switch to its main block chain (Mainnet). In addition, all functions of the system must be tested with a duplicate blockchain. After all these tests, if it is proven that Pi works without error and without intervention, it can switch to the main blockchain, Mainnet. After all these transactions, crypto money exchanges can list Pi. Currently, there is no information about when Pi Coin will enter stock exchanges.

Pi Coin is not currently listed on crypto money exchanges and has no current value as the excavation process continues.
We do not know where the PI network will come in the future.But it won't hurt to try.

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