All you need to know about Pi.

 


Pi Network is The First Digital Currency You Can Mine On Your Phone

  1. Mining crypto is hard.
  2. Investing in crypto is risky. Therefore,too many of us are left out of the cryptocurrency revolution.
  3. Pi makes crypto mining easy
  4. Breakthrough tech allows you to mine on your phone without draining your battery.
  5.  It is Decentralized.
  6.  It is secure, Immutable, non-counterfeitable and interoperable digital money.
  7. Works on your mobile phone and does not drain your battery.
  8. User & Planet-Friendly
  9. Easy to use security at scale, without the massive electrical waste.

Keep your money! Pi is free. All you need is an invitation from an existing trusted member on the network. If you have an invitation you can download the mobile app to start mining.

  The Pi Core Team set out to find a way that would allow everyday people to mine (or earn cryptocurrency rewards for validating transactions on a distributed record of transactions). As a refresher, one of the major challenges that arises with maintaining a distributed record of transactions is ensuring that updates to this open record are not fraudulent. While Bitcoin’s process for updating its record is proven (burning energy / money to prove trustworthiness), it is not very user (or planet!) friendly. For Pi, we introduced the additional design requirement of employing a consensus algorithm that would also be extremely user friendly and ideally enable mining on personal computers and mobile phones.

    In comparing existing consensus algorithms (the process that records transactions into a distributed ledger), the Stellar Consensus Protocol emerges as the leading candidate to enable user-friendly, mobile-first mining. Stellar Consensus Protocol (SCP) was architected by David Mazières a professor of Computer Science at Stanford who also serves as Chief Scientist at the Stellar Development Foundation. SCP uses a novel mechanism called Federated Byzantine Agreements to ensure that updates to a distributed ledger are accurate and trustworthy. SCP is also deployed in practice through the Stellar blockchain that has been operating since 2015.

 HOW MUCH DO YOU KNOW ABOUT FOUNDER OF PI NETWORK DR. NICOLAS KOKKALIS? 

Dr. Nicolas Kokkalis (Head of Technology)

Stanford PhD and instructor of Stanford’s first decentralized applications class; combining distributed systems and human computer interaction to bring cryptocurrency to everyday people.

 I have been a technologist all my life, which led me to do a Ph.D. at Stanford University and to continue to become a Postdoctoral Scholar in the Computer Science department there. As part of my postdoc, I introduced and taught CS359B, the Decentralized Applications on Blockchain class, in Stanford’s Computer Science department. That’s where I encountered firsthand the difficulty of getting the technological advances of blockchain into the hands of everyday people. I believe today technology can empower people more than ever.


   As a young undergraduate, I designed and built a novel computer motherboard from scratch in the lab. In my early PhD work, I created a framework for writing “smart contracts” on fault tolerant distributed systems, before blockchain and Ethereum came to exist, and published it as my MS thesis. I also created an online games platform, Gameyola, where millions of people entertained themselves for a collective of over 2,000 man years; for my later PhD work, I tried to restore those man years by writing a crowd-powered email assistant that saved people time when processing their emails and tasks. Also, I was the founding CTO at StartX, a non-profit startup accelerator for Stanford students that has helped over 2000 entrepreneurs.

   I am a strong and long term believer of the technical, financial and social potential of cryptocurrencies, but frustrated by their current limitations. I am committed to bringing the power of blockchain to more people by improving the current experience and building value for everyone. I’m doing this by employing a user-centric design philosophy that turns the development process of new blockchains upside down: Launch in Beta; invite members to the network; iterate the protocol together with the members; decentralize the resulting design.

   The result is currently available as the Pi Network, a new cryptocurrency and peer-to-peer network, which is currently operational in 150+ countries and 32 languages. Pi Network is 100% my professional commitment, while my loving wife and son take up 100% of my personal commitment.

  If you're not mining Pi, its not to late to start. You can drop a comment If you have any questions. Thank you. 



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