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Why is Pi the next significant cryptocurrency?
Pi is the world's first cryptocurrency that can be mined by your phone. Why is it said to be the next significant cryptocurrency? Pi is one of the fastest-growing cryptocurrencies. Like Bitcoin started with zero, and now it's the world's most valuable cryptocurrency. The future of the Pi coin is the same. A pi is a new approach to cryptocurrency which breaks the myth of mining, unlike other cryptocurrencies where the first one to reach gets the coin. Pi can be mined easily with a click. You earn Pi coins per hour based on your active role. It is the network of many other pioneers where you can talk, discuss, and mine together. Ten years ago, who could have said that Bitcoin's future would emerge so drastically? Likewise, with the initiative and the goals, the Pi coin will be worth something in the future.
What is Cryptocurrency?
Cryptocurrency is digital money used to change the approach towards money and its transaction; for example: when you transact some cash from your bank, your bank will record transactions. Likewise, if you transact some cryptocurrency, your transactions are recorded by a database designed with solid cryptography to secure your transaction entries like banks.
Most Popular cryptocurrencies:
5. Bitcoin cash
It creates freedom for money where you can transact between your friends. It creates a secure environment where people can exchange values without the involvement of a third party.
Benefits of cryptocurrency:
- Easiness: An easy transaction between two people without the involvement of a third party
- Fees: Secure information and solve the transaction fees of prominent institutes and banks
- Global recognization: Global price rates and exchange for international currencies
- International Trade: It creates a comfortable environment for trade done internationally
- Security: It is based on secured access and secured transactions done by your digital equipment
Try out your knowledge on Cryptocurrency
For each question, choose the best answer. The answer key is below.
- Who is the creator of Bitcoin?
- Andrew Kev
- Ken Olsen
- Satoshi Nakamoto
- David Filo
- When was Bitcoin created?
- 3 January 2009
- 25 September 2010
- 7 August 2008
- 7 July 2010
- Which is the world's first decentralized Cryptocurrency?
- Pi Network
- Who is the founder of Ethereum?
- James Gosling
- Michael Dell
- Vitalik Buterin
- Clive Sinclair
- Which of this country has banned cryptocurrency?
- Satoshi Nakamoto
- 3 January 2009
- Vitalik Buterin
Interpreting Your Score
If you got between 0 and 1 correct answer: Low
If you got between 2 and 3 correct answers: Great
If you got 4 correct answers: Expert
If you got 5 correct answers: Tremendous
What is PI?
PI is a new digital currency developed by Standford Phds, with over 3.5 million members worldwide. PI is a new approach to cryptocurrency; it is the world's first digital currency for people every day. It is the further step to leap in the world of cryptocurrency.
It was developed to develop the world's most used and commonly transact cryptocurrency. It creates a network between people.
How Does it Work?
Pi application is a vast network that runs by the involvement of pioneers. Pioneers invite others to join Pi, form their team together, and earn more Pi coins per hour. Pi is just starting, so more developments will come for further uses.
Pi applications work on the role that specific individuals contribute. The rate of Pi you mine every hour is based on your parts. One person can occupy many functions, which are fascinating about Pi.
Roles that are described by the Pi application are given below:
- Pioneer: If you have just started mining Pi coins, you are considered a pioneer where you have to verify your loyalty and truthfulness to Pi by clicking the earn button every 24 hours and proving you are not a bot.
- Contributor: Once you have verified your loyalty to Pi for three days, the contributor role is enabled. You earn more Pi by adding a person's in your security circle, allowing transactions in between.
- Ambassador: The role where you earn at a high rate by inviting people to join the Pi network; ambassadors are crucial because you won't join the Pi network without their referral codes.
- Node: Node is currently under development as it gives you the command to use the Pi network in your PC and write Pi transactions according to your pc.
Current worth Of Cryptocurrency
Is Pi coin Worth It?
Nobody can see the future, so maybe Pi coins may increase their worth or decrease. The real deal is that it's a free application, and it doesn't drain your battery life. It takes a touch on the earn button every 24 hours; you don't have to open the app for 24 hours and close it down; it runs on background and notifies you every 24 hours to click the earn button. Five seconds of the day can earn you something valuable in the future then it's worth trying. With the increase in users, your earning rate will be halved, so don't be late to use it.
Many questions about Pi Network?
- What is the worth of 1 Pi coin? Currently, none can say how much is it's worth; you can't even transact Pi coins you have earned. It's the second phase of Pi coins, and the transaction is in its 3rd phase. So we together can grow its network and worth, and together we can get into the 3rd phase.
- Is it a scam? So none can assure you that it's worth maybe in the future, it may decrease to a certain extent it's just a cryptocurrency in its starting phase.
- Should I invest in Pi coins? The increase in the number of members can make it the fastest grossing cryptocurrency, nearly 10 million, and up to 100 million involved soon; it's worth giving a try.
© 2020 Shubham Kadariya
Suyog Kadariya on June 22, 2020:
Great job man ! Looking forward for more articles from you brother.