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Pi- The New Cryptocurrency Is Rising

2020-03-09
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Salim Elliye
Blog Editor with a profound interest in software development and advancements of technology.

When bitcoin was first created by the mysterious Satoshi Nakamoto in 2009, it was intended to make virtual finance accessible to all people. A decentralized cryptocurrency would allow people to make money for themselves, as one could mine pieces of bitcoin and then cash in once they acquired a whole bitcoin. Today, one bitcoin is worth $7,082.05. While it’s not worth nearly as much, the newest cryptocurrency, called Pi, takes that goal a step further.

 

Pi Cryptocurrency is a new crypto platform set to change the crypto mining sphere by integrating the “smartphone mine and earn feature”.

 

Developed by a group of Stanford graduates, Pi Cryptocurrency seeks to correct upon the mistakes of Bitcoin by offering a platform where users collectively control the network as well as the ownership of coins in an effort to prevent the shift to a centralized system. Pi Cryptocurrency is the only cryptocurrency that affords you the opportunity to mine on your smartphone without necessarily draining your battery life or your mobile data. 

 

Launched in beta on Pi Day (3/14/2019), Pi has rapidly grown to more than 2m installs, with active members spanning 180 countries. the Pi Network was created by three Stanford Ph.D. graduates: Dr. Nicolas Kokkalis, Dr. Chengdiao Fan and Vincent McPhillip. Dr. Kokkalis is a computer engineering Ph.D. and teaches Decentralized Applications of Blockchain at Stanford. He’s been working with blockchains since he began his early Ph.D., designing several social apps that have garnered over 20 million active users. That list includes Gameyola, the online gaming platform. He also helped found StartX, a Palo Alto startup designed to help entrepreneurs perfect their business models. With an extensive background in computer engineering and software, Dr. Kokkalis mainly focuses on the Pi Network’s scrypt and code design.

 

Pi's breakthrough technology harnesses the power of members' social networks to allow everyday people to contribute to the security of the currency. When Pi members vouch for each other as trustworthy, together they form a network of interlocking "security circles" that determines who can validate transactions on Pi's ledger. This allows members to earn Pi from their mobile phones with low financial cost, limited battery drain, and a light footprint on the planet.

 

The main advantages of PI crypto are:

  1. Simplicity. A user who has never heard of Bitcoin and cryptocurrency before will be able to mine and use PI crypto money without struggle.
  2. Fair distribution. The number of coins mined does not depend on the capacity of the device.
  3. Extra earnings. Users who contribute to the development of the platform receive a reward.

 

To join and start earning Pi, users need only download the free app, currently available on Apple or Android: https://minepi.com/ and use the invitation code "PiCoreTeam". New members with questions can read the app's FAQ or ask their inviter via the application's newly launched Earning Team chats.With an extremely helpful app and revolutionary technology, the Pi Network hopes to transform global finance by creating a unified community focused on creating their own net worth and expanding opportunities for everyone.

 

Pi Network (PI) Price Prediction For 2020-2025

 

In 2020, when Pi Network app goes 100% live, a lot will depend on the number of users and exchanges accepting or rejecting PI coin. In the best case, PI price prediction 2020 is $1 – Pi Network crypto value should raise to create conditions for healthy growth. 

 

It is hard to predict Pi Network value in 2025 since this is too long term, and the project is very young. However, the price of PI might raise to $5 and higher if the network will be properly developed. Cryptocurrencies with unique features and value always manage to get a piece of the pie.

 

 

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