Hi Friends
Three Stanford PhDs have developed an easy access-for-all blockchain cryptocurrency, that you can mine cryptocurrency on your mobile phone.
You're here at the right time, this is just the beginning...
Let me walk you through what this is all about
What is Blockchain?
A blockchain is a decentralized storage of any form of data, that is immutable.
New data is added to the chain frequently by the users of this network.
The data is stored in the form of blocks,
where each block is linked to a previous block through a cryptographic hash,timestamp and the data.
What is the use of it? What is the use of being a part of the blockchain?
Every network has its own purpose out there. These networks reward their users with their own Coins.
You would have heard about BitCoins, Ethereum, XRP and a lot others.
These coins are used to purchase services in the marketplace,
for transactions between two entities and also can be traded for currency.
Once a data is stored in the blockchain, it can never be erased,
so this can be used to store transactional data, important documents and more.
If you study the Price change chart shot from the CoinDesk website.
You can see the price of the cryptocurrency starts low and fluctuates. So, it may increase or decrease.
The bitcoin is above $10000 now, But in 2008 , someone paid 10,000 Bitcoins for two pizzas delivered.
Pi Coin - The Pi Network
As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money.
Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide.
- Pi Network, Founded by Stanford Ph.D., Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, Vincent McPhillip.
Pi Network now let's users mine pi coins on their phone without the battery being drained.
What actually is happening is, your mining is being simulated for now on their servers,
so you need not have your phones opened or even have the app run in the background.
All you need to do is to open the Pi Network application once everyday, and hit the mine button.
How to install Pi Network and be a part of it?
Step 1: https://minepi.com/cakzxd Go to this link and click on Download, to download the Pi Network App.
Step 2: Register using Facebook or Mobile number and set your password.
Step 3: It is an invite only join to the network. So use the invite code: cakzxd
Step 4: Click on the mine icon on the right everyday, to continue mining.
Invite more people to increase your mining rate.
Sixe facts about the Pi Network
1.It uses an incredibly complicated consensus algorithm known as Stellar Consensus Algorithm
2.It is created by members of the "Stanford Blockchain collective"
3.The main creator Dr. Nicolas Kokkali teaches a class called "Blockchain App Design"
and was likely a student of Stanford Professor David Mazieres, the creator of the Stellar Consensus Protocol.
4.You can disable ads on the app by going to your Profile.
5.Zero investment, FREE, no risk, no credit card required. Safe, simple, low cost, just use your smartphone.
6.Pi does not affect your phone's performance, drain your battery, or use your network data .
Once you hit the lightning button, you can even close the app and you will continue to mine Pi.
It is a safe, simple, low cost free app. you can get it from the google or apple store.
Your thoughts on Pi Network?
What are your thoughts on the Pi Network? Do you think it is a scam? I am a very new user of this network,
so this is all of what I have researched about it. Feel free to put forward your points about this in the discussions below.
I am nowhere associated or sponsored by the Pi Network. I am just trying to spread the word and get your perspective on it.
Do your research before taking any huge steps.
If you would like to learn more , Please visit us at
https://www.pinetworkapp.org
or
https://minepi.com/cakzxd
If you miss Bitcoin in 2009 ,Do not miss Pi again at an early stage, Pi has crossed 7 million active users now, join us, it is still early.
Posted by: "reasonafor0102@yahoo.com" <reasonafor0102@yahoo.com>
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