Before reading this article, you've heard people talk about virtual currencies, right? Are you looking to mine Bitcoin (virtual money) for free? There are many websites or mobile apps that allow you to mine cryptocurrencies, but the number of scams or viruses installed on your computer is very large, so choosing a reputable website is very important. In this article, I will introduce you to an application on your phone called Pi Network, which allows you to mine virtual money for free, safely and quite prestigious.
Usually when we hear the concept of mining (digging) the cryptocurrency we often think of from Bitcoin (BTC), it is a very difficult and energy-intensive job. Besides, you also need to have a mining device with extremely powerful configuration and expensive cost for that device. So everyone's interested in bitcoin mining but not everyone can mine it.
There are only two ways to get Bitcoin (BTC): investing and digging. But both of these concepts make it difficult for investors at this time. Too many of us have been excluded from this potential cryptocurrency revolution.
When it comes to PIs, we think of Bitcoin.
The introduction of this currency shows how cryptocurrencies can disrupt the current financial model, giving people the ability to conduct transactions without the need of a third party. The increase in freedom, flexibility, and privacy continues to drive the inevitable parade of digital currencies as a new benchmark. Despite its benefits, Bitcoin's poor focus and scalability have created a meaningful barrier to mainstream adoption. So Pi's core developer team conducts research to try to understand why people don't want to participate in the cryptocurrency space.
Dr. Nicolas Kokkalis: Chief Technology Officer
Dr. Chengdiao Fan: Head of product department
Vincent McPhillip: Community leader.
1 So what is PI?
Pi network is a new cryptocurrency and is exploited only on phones, but this is a new type of digital mining that does not consume CPU resources like other mining apps. Other mining apps like ETN will use the CPU to decode the algorithm (ETN uses cryptonight algorithm) And here when mining, the phone does not feel hot. You can also turn off the app, turn off the network and you can dig just after every 24 hours into the app and click on the Power (thunder sign) to continue making money. I will not talk much about this issue anymore.
2 The value of PI?
Currently, the Pi is worth approximately VND 0, similar to Bitcoin in 2008. The value of Pi, will be proven over time, recognition, goods and services provided by members of the Network. grid.
By concentrating our recognition, goods, and services around a common currency, Pi members will gain more economic value, which is inherently dominated by banks. outsourcing (for example, Facebook, Amazon) and other middlemen.
You cannot withdraw Pi at this time. You will be able to withdraw Pi or exchange Pi for other currencies during Phase 3 of the Project.
3 When will Pi be valid?
When the project enters phase 3, when Pi is officially listed (currently in the stage of 2-network development, phase 3 is expected by the end of 2020). then Pi owners will be able to exchange Pi for real money when they buy goods and services on the Pi market, or exchange Pi for currency, meaning that they can use Pi to buy things or exchange money, of course If the project is successful.
THE LAST END OF 20/2020 PI WILL COME TO THE BINANCE, COIBASE ... PI PRICE = $ 0.01 (at that time, exchange for BTC, ETH, BCC, LTC .. USD, VND ..) .This is the starting price I'm sure 1 It is expected that the higher the value of the PI, the more PI owners will become
