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What is Mass Adoption (in Cryptocurrency)
Mass adoption in cryptocurrency is a point in which ordinary masses uses cryptocurrency just like fiat money. Erik Voorhees, the founder and CEO of ShapeShift believes that if more than 10% of the populace adopted cryptocurrencies, then mass adoption begun. Suffice to say, if any cryptocurrency become household name then it is really in mass adoption.
Late for Bitcoin
One way or another, mass adoption would come. Yet nowadays, if a cryptocurrency enthusiast would tell a neophyte to use bitcoin it would really not give justice to that person's money. Because the big opportunity to buy and hold or mine bitcoin has already passed (I hope I am wrong though). And to get bitcoin using mining today is next to impossible without the help of more powerful computer.
What is Pi Network and Why Mine it?
Pi is a new cyptocurrency that can be mined using your phone. The Pi’s core team is led by two Stanford PhDs and one Stanford MBA, all of whom helped build Stanford’s blockchain community. And just like bitcoin on its early days, mining pi today is easier using cellular phone. Thus, mass adoption on this cryptocurrency is much easier.
Will it be Profitable to Mine?
The success of this coin really depends on mass adoption and its ability to function as a cryptocurrency. For more information on why this project is promising, you can visit the white paper.
How to Mine Pi?
Mining Pi is actually quite easy. Any person just need an android mobile phone and download it to google Play Store. When installed, the user is prompted to sign up using facebook or phone number. After choosing any method, provide name and username. Lastly, the user needs to input referral code. This referral code is important in PI network to create a security group. You can use my referral code (msimyunn) or find one from your friends.
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