News: New Free Digital Cryptocurrency

San Diego CA

09 May, 2021

2:05 AM

Description

Palo Alto, CA|Local Classified|Other|5d Corey Jackson, NeighborNews: New Free Digital CryptocurrencyPi Is A New Cryptocurrency For And By Everyday People That You Can “Mine” (or Earn) From Your Mobile Phone.  Pi Network (PI) is the newest digital coin to grab the attention of the cryptocurrency community, even before it has fully launched. Some users view it as a way to get involved in a cryptocurrency from the ground up and profit in the future, in the same way that early Bitcoin adopters have racked up massive gains from mining and holding the coin. Here’s and overview of a new and better development of the Bitcoin in its early development stages (Pi Coin Cryptocurrency) that has the potential to make those individuals who joins before the door closes December 31, 2021 AT NO COST to continue to earn FREE Pi Coins that in the future could be sold on the stock market for example hundreds or more dollars for a single Pi Coin. I joined by downloading the app on my iPhone and started earning my free Pi coins just by launching (Mining) the app. The Pi Network Cryptocurrency is a new innovation which is at the free distribution phase with no financial commitment required. As soon as I arrived home, I started making some background research on the Pi Network and found that not only it is a very legitimate and innovative digital currency initiative, but more importantly, it is still at the right stage to jump in with an excellent risk reward ratio. Of course, there is no guaranty that it will be a successful project, but what you tent to lose is a few minutes a day of hitting a button on your mobile and the mobilization of your network of friend and family at no financial cost to you or them for a possible reward of accumulating a large amount of Pi digital currencies that could be very valuable in the future if the project is successful. Below is the summary of the findings of my research on the PI Network and recommendation. 1. It is a project credited to three Stanford University PHDs namely: Dr Nicolas Kokkalls (head of technology), Dr Chengdiao Fan (Head of product) and Vincent McPhillip (head of community) 2. The company only offers a service, but no product. After downloading the Pi Network app, you need to confirm that you are a human by pressing a lightning symbol on the app at 24 hours intervals. This will initiate the mining process at a predetermined rate on your mobile device (currently 0.20pi/hr) without draining your phone battery. You are free to exit the app after that action without discontinuing the mining process. 3. It is an FREE App. Free to download (with no ads) either from google play or apple store. You may search pi, pinetwork,or minepi 4. Members can join only on invitation from other members. You can accelerate your mining rate by inviting other members to join using your code. You are welcome to use mine to join follow this link https://minepi.com/CaliCore3  and use my username (CaliCore3) as your invitation code. 5. After three successful mining cycles of 24 hours each, you qualify to become a contributor and you can form a security circle of 3 to 5 trusted members. This will accelerate your mining rate as well. 6. The mining rate has been halve for any multiple of 10 members that the network achieved. The project started in March 2019 at a rate of 3.1 Pi/hr and in November 2019 the network reached 1 million members and the current rate is 0.20 pi/hr. 7. The next milestone is at 10million members and it is not yet clear if the mining process will be discontinued at that stage or if it will continue to reduce in speed. 8. On Pi network white paper, a summary description of the technology they use is as follows: For Pi, we introduced the additional design requirement of employing a consensus algorithm (the process that records transactions into a distributed ledger) that would also be extremely user friendly and ideally enable mining on personal computers and mobile phones. The consensus algorithm that they use is the Stellar Consensus Protocol (SCP) that was architected by David Mazieres a Professor of Computing Science at Stanford University as stated in Pi Network white paper as well. Recommendation: Pi has no value currently, just as Bitcoin in 2008, but could have value in the future. Pi Network is using an innovative digital currency technology that will decentralize mining of digital currency to the ordinary people and is user friendly through mobile phones. In my view the risk reward ratio justify my recommendation of jumping in while it is still open.