What is Pi Cryptocurrency (PI)? What Makes It So Unique? – Tech Tribune France

Founded by Nicolas Kokkalis and Chengdiao Fan, Pi crypto is a unique crypto that allows mobile users to mine Pi crypto without using much mobile battery. Since mining requires a huge amount of electricity, Pi claims to use an efficient way of mining crypto that reduces environmental impact. It allows developers to use real-world solutions to deliver offers.

In a way, Pi projects itself as the first cryptocurrency catering to the needs of the common man, accelerating the adoption of cryptocurrency worldwide. It was built with a vision to make the most inclusive peer-to-peer marketplace in the world.

Boasting a base of 35 million engaged users, Pi’s blockchain secures economic transactions through a mobile meritocracy system and a comprehensive Web 3.0 experience where community developers can create DApps for users.

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Why is it unique?

Running on the Stellar Consensus Protocol (SCP), the Pi protocol can offer user-friendly and mobile mining services. SCP is primarily a federated Byzantine agreement used to validate transactions. Pi’s SCP offers trust, asymptomatic security, and other facilities at a lower cost than Proof-of-Work or Proof-of-Stake.

Pi Network’s robust design allows a transparent model to flow, allowing Pi to be used as a medium of exchange without token concentration. Each user has the same userbase for mining, rarity, and meritocracy. This makes it a uniform-based token where everyone starts on a common platform before building up.

But that said, the token has yet to see the light of day. The protocol is still in the development phase. The whitepaper suggests that the developers will design and distribute the token during phase 1.

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All in all, it will be interesting when the crypto Pi comes online. Enthusiasts will be eager to see if the crypto can capture people’s imaginations as it promises. For now, market participants would like to know more about the protocol and then maybe decide whether or not to invest in the token.

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What is Pi Cryptocurrency (PI)? What Makes It So Unique? – Tech Tribune France

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