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Highlights
- Founded by Nicolas Kokkalis and Chengdiao Fan, Pi crypto is unique as it allows mobile users to mine the cryptos without using much battery usage.
- Pi’s practical way of mining crypto reduces the environmental impact and allows the developers to use real-world solutions to provide offerings.
- Operating on the Stellar Consensus Protocol (SCP), the Pi protocol can offer user-friendly and mobile-first mining services.
Founded by Nicolas Kokkalis and Chengdiao Fan, Pi crypto is unique as it allows mobile users to mine the cryptos without using much battery usage. As mining requires a huge amount of electricity to mine, Pi claims to use an effective way to mine crypto that reduces the environmental impact. It allows the developers to use real-world solutions to provide offerings.
In a way, Pi projects itself as the first cryptocurrency catering to the needs of the common man, thereby accelerating the adoption of cryptocurrency worldwide. It was built with a vision of making the world’s most inclusive peer-to-peer marketplace.
Boasting a 35 million engaged user base, Pi’s blockchain secures economic transactions via a mobile meritocracy system and a complete Web 3.0 experience where community developers can build DApps for users.
Related Read: What’s the reason for Verasity (VRA) crypto’s uptick?
Why is it unique?
Operating on the Stellar Consensus Protocol (SCP), the Pi protocol can offer user-friendly and mobile-first mining services. SCP is primarily a Federated Byzantine Agreement that is used to validate transactions. Pi’s SCP offers trust, asymptomatic security, and other facilities at a lower cost, unlike the proof-of-work or the proof-of-stake.
Pi Network’s robust design allows a transparent model to flow, thereby allowing Pi to be used as a medium of exchange without token concentration. Every user has the same amount for mining and meritocracy. This makes it a uniform-based token wherein everyone starts on a common platform before building up.
But having said that, the token is yet to see the light of day. The protocol is still in its development stage. The whitepaper suggests that the developers will design and distribute the token in the Phase 1 stage.
Related read: Why DODO (DODO) crypto is catching investors’ attention?
Overall, it will be interesting when the Pi crypto gets live. Enthusiasts will be eager to see whether the crypto will be able to capture the imagination of the people as it promises. For now, the market participants would want to know more about the protocol and then perhaps decide whether to invest in the token or not.
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