The Beta phase aimed to onboard initial Pioneers, grow the network, and iteratively develop technical features and user experience based on community input.

The reward is calculated based on the time spent in Pi apps and the diversity of apps used. The formula considers a Pioneer’s time spent per app, the logarithmic value of total time across apps, and the average daily time ...Read more

Time spent in apps: The formula rewards more time spent, but with diminishing returns to prevent exploitation. Diversity of apps: Using multiple diverse apps is incentivized to encourage the creation of a variety of utilities. Recent usage: Recent time spent on apps ...Read more

By increasing impressions and usage, the reward gives developers market access and opportunities for product iteration. This addresses a significant barrier to creating viable decentralized applications by providing a stable and utility-seeking consumer market environment.

The reward potentially leads to increased spending of Pi by Pioneers in apps. However, spending is not incentivized directly, ensuring that apps compete based on product quality and utility. This mechanism fosters the emergence of the best apps in the ...Read more

The node reward incentivizes Pioneers to operate Nodes, which are essential for decentralization, security, and longevity of the Pi blockchain. By rewarding Node operators, Pi aims to maintain a reliable and robust network.

The reward is calculated based on factors such as uptime, port openness, CPU contribution, and a tuning factor. These factors assess the reliability, accessibility, and performance of Nodes in the network.

Uptime: The proportion of time a Node is active and accessible. Port openness: The availability of ports for connectivity to the network. CPU contribution: The average CPU provided by the Node to the network. Tuning factor: Normalizes the reward to ensure comparability with ...Read more

By encouraging the operation of reliable Nodes, the reward contributes to the decentralization, security, and scalability of the Pi blockchain. It also enables the development of peer-to-peer node-based applications, expanding the utility of the network.

Nodes validate transactions, process blocks, and maintain the integrity of the blockchain. They ensure consensus among participants and facilitate the smooth functioning of the network.