As the world becomes more and more digital, cryptocurrencies are a natural next step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrencies worldwide.

Mining cryptocurrency is a complex computing process that often requires the use of special equipment. Powerful video cards are used to mine Ethereum while Bitcoin is mined with the help of ASIC is even more expensive. Pi Network developers have decided to make their cryptocurrencies more accessible. Any owner of the smartphone can mine PI cryptocurrency.

While the Pi Network is very popular among users, the future of the PI cryptocurrency is not so clear. Although Pi is not yet listed on Changelly, the developers still keep an eye on its work and try to talk about top-rated news. Moreover, a lot of young or experienced cryptocurrencies that you can easily exchange are presented on Changelly.

Why is cryptocurrency so important?

Bitcoin is the first currency to show that cryptocurrencies can disrupt the current financial model, allowing people to trade without a third party. Increasing freedom, flexibility and privacy continue to push the inevitable progress of digital currencies to a new normal. Despite its benefits, Bitcoin's (and possibly unintentional) concentration of capital and power poses a significant obstacle to mainstream adoption. Pi's core team has conducted research to try to understand why people do not want to participate in the cryptocurrency space. People have consistently listed investment / exploitation risks as the main barrier to entry.

Currently, our daily financial transactions rely on a trusted third party to maintain transaction records. For example, when you make a banking transaction, the banking system will keep a record & ensure that the transaction is safe & reliable. Similarly, when person A transfers $ 5 to person B by PayPal, PayPal maintains a central record of $ 5 debited from A's account and $ 5 credited to B. Such as banks, PayPal and other members of the current economic system play an important role in regulating the world's financial transactions.

However, the role of these trusted intermediaries also has the following limitations:

01- Capture the value of unfairness: These intermediaries accumulate billions of dollars to create wealth (PayPal market capitalization is ~ 130 billion dollars), but hardly transfer anything to customers of surname.

02- Fees: Banks and financial companies collect large fees to facilitate transactions. These fees often disproportionately affect people with lower incomes who have the least alternatives.

03- Censorship: If a specific trusted intermediary decides that you cannot move your money, it may impose restrictions on your money movement.

04- Allowed: Reliable intermediaries serving as a gatekeeper can arbitrarily block anyone who is part of the network.

05- Pseudonym: At a time when privacy is becoming more urgent, these intermediaries may inadvertently disclose - or force you to disclose - more financial information about yourself. you want.

Why did cryptocurrency (PI) become useful?

We don't know because it's not on the market yet, it's still in beta. But, it's free, doesn't cost anything to try. Maybe it will have no value in the future and maybe, you will never know, the same thing happens with bitcoin, people don't know what to expect and now you can see for yourself. where is bitcoin.

What is the expected value? It really can't be determined that way, it depends on a lot of factors like supply and demand, news influence is one of the main factors, etc. First, it needs to hit the market and then we can talk about what the expected value will be.

PI IS BETTER THAN MONEY 

Why do you say PI is more than cryptocurrency?

Many people I talk to don't know much about digital money so the word "cryptocurrency" is even removed from their perceptions. Telling people, "Hey this is a new cryptocurrency ... Downloading apps" is like banging your head against a wall. Not only does it make people really consider whether or not they should download the app, it almost misses the point of the platform.

Without Markets, exchanging Goods and Services, cryptocurrencies became a speculative investment. People join because they think they can get rich quick. So great efforts are made to accumulate a cryptocurrency, hoard it, drive the price up, then sell it to make a profit. I am not considering whether this is good or bad. But I joined the Pi Community because the founders clearly stated another Mission and a different Vision. And this Vision requires a Marketplace for people to exchange what they are selling to cryptocurrency Pi Network. (And this says nothing about the possibility of Smart Contract, another aspect of Pi.)

The basic value of PI

The main goal of the developers is to create a simple and convenient platform for cryptocurrencies and smart contracts without the usual serious energy costs. This group has created a simple application that can extract a new token and store it.

The PI mining application was launched on March 14, 2019 and in June, the number of active users exceeded 100,000. Many users consider it to be a very convenient, intuitive exploitation tool and like the Changelly application. Everything is explained very deeply, but in an understandable form, so the user has no problem with it.

More information about the Pi cryptocurrency

Pi cryptocurrency is the first and only cryptocurrency to offer mining opportunities on smartphones. This new cryptocurrency technology is backed by blockchain technology that provides security, immutability, and legality. Immutability also means that information recorded on the network will not be altered or modified by unauthorized users on the network.

It is worth mentioning that its impressive feature is to allow users to perform large scale expansion without consuming much energy. As a result, its developers seem to be right in their statement that their cryptocurrency project aims to surpass Bitcoin in many ways.