Pi has crossed 29 million engaged Pioneers!
Pi is the first digital currency that we can mine on mobile phones. Developed by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. To solve the problem: Centralization of power and money put 1st.
The reason behind Pi launch
Mining crypto is hard.
Investing in crypto is risky.
Left out of the cryptocurrency revolution.
Pi makes crypto mining easy. Tech allows us to mine on our phone without draining our battery.
Know more about it at Pi Network (minepi.com)
One of the major challenges that arise with maintaining a distributed record of transactions is ensuring that updates to this open record are not fraudulent.
Pi introduced the additional design requirement of employing a consensus algorithm that would also be extremely user-friendly and ideally enable mining on personal computers and mobile phones.
In comparing existing consensus algorithms, the Stellar Consensus Protocol emerges as the leading candidate to enable user-friendly, mobile-first mining.
Stellar Consensus Protocol (SCP) was architected by David Mazières a professor of Computer Science at Stanford.
David Mazières also serves as Chief Scientist at the Stellar Development Foundation. SCP uses a novel mechanism called Federated Byzantine Agreements to ensure that updates to a distributed ledger are accurate and trustworthy.
SCP is also deployed in practice through the Stellar blockchain that has been operating since 2015.
More on Stellar Consensus Protocol (SCP) Coming soon ……
Pi is a new digital currency developed by Stanford PhDs, with over 25 million members worldwide. To claim, follow this link https://minepi.com/Shadow7I and use my username (Shadow7I) as invitation code.
Source: – Pi Network (minepi.com)
Know more about crypto: – Public vs private Ethereum – Chandan Rajpurohit
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