Pioneer mining rates in Mainnet are calculated based on various factors, including contributions to security, referrals, node operation, app usage, and potential future contributions. These rates are adjusted dynamically based on the current systemwide base mining rate and individual Pioneer ...Read more
Tag: Cryptocurrency
Cryptocurrency is digital money using blockchain technology, allowing fast, secure, and decentralized transactions without banks or middlemen.
The purpose is to create an inclusive, friendly, safe, and welcoming environment for all community members, regardless of gender, sexual orientation, ability, ethnicity, socioeconomic status, and religion.
Pi Network is a community-powered cryptocurrency project designed to make cryptocurrency mining accessible to everyone through mobile devices. It aims to build an inclusive peer-to-peer ecosystem and a robust Web3 app ecosystem using the Pi cryptocurrency.
The Pi app allows you to mine Pi cryptocurrency by making various contributions to the network. You can boost your mining rate by inviting trusted friends, building your security circle, engaging with Pi apps, running nodes, and locking up Pi. ...Read more
If there is over-issuance of Pi due to unexpected increases in mining rates or Pioneer numbers, adjustments can be made to the B model. This may involve moving to a more dynamic version of the B model with adjustments on ...Read more
Pi uses a different type of consensus algorithm instead of Proof of Work (POW), which consumes a lot of energy. Pi’s algorithm, based on SCP and FBA, forms quorums and exchanges messages to reach consensus. Mining Pi involves contributing to ...Read more
Pi Network aims to enable a large, passionate, and globally spread-out community to make decentralized efforts toward a common purpose. It seeks to build a decentralized ecosystem with meaningful use cases for everyday people and become a pillar of the ...Read more
The monthly systemwide base mining rate is determined based on a declining exponential formula, which adjusts B based on a monthly supply limit determined by the formula. This formula ensures that B stays constant for a month and is adjusted ...Read more
Dr. Chengdiao Fan is the Head of Product at Pi Network. She holds a PhD in Anthropological Sciences from Stanford and focuses on social computing to unlock human potential on a global scale. She aims to mobilize individuals worldwide to ...Read more
Unlike in the pre-Mainnet phase, the systemwide base mining rate (B) in Mainnet is not constant across all Pioneers. It is calculated in real time and dynamically adjusted based on a yearly supply cap. This adjustment ensures that the total ...Read more