The world is about to witness the launch of a revolutionary Cryptocurrency on the 26th December 2021 First Digital Currency You Can Mine On Your Phone.
The world is about to witness the launch of a revolutionary Cryptocurrency on the 26th December 2021 First Digital Currency You Can Mine On Your Phone. Pi Network is a revolutionary, unique, and life-changing invention. It is safe to say that the advantages outweigh the disadvantages. Everything from blockchain technology, the eco-friendlier process of mining, and the potential that this cryptocurrency has is huge.
The main goal of the developers was to create a simple and convenient platform for cryptocurrency and smart contracts that would not be without the usual serious energy costs. This team has created a simple application that can both extract the new token and store it.
PI mining app was launched on March 14, 2019, and in June, the number of active users exceeded 100,000. Many users consider it to be a highly convenient and intuitive mining tool the same way as Changelly app. Everything is explained so profoundly, but in an understandable form, so users do not have problems with it.
Below is the new draft of the Roadmap chapter of our whitepaper. It reviews the first two phases of the network (Beta and Testnet) and introduces the Mainnet phase in more detail. Your feedback is welcome before we update the official whitepaper on our website when Open Network begins. Keep in mind that we are also working on new drafts of other whitepaper chapters and will release them soon, which will potentially further clarify questions you may have now.
Pi Network is unique in our technological and ecosystem design as well as the significance of our community input in development. This uniqueness is best served by a thoughtful and iterative approach that allows for community feedback, testing of products, features, and user experience, and phases defined by milestones. There are three main phases to our development: (1) Beta, (2) Testnet, and (3) Mainnet.
Phase 1: Beta
In December 2018, we publicly launched our mobile app on the iOS App store as an alpha prototype that onboarded the initial Pioneers. On Pi Day, March 14, 2019, the original Pi whitepaper was published, marking the official launch of the Pi Network. At this stage, our app allowed Pioneers to mine Pi by contributing to the growth and security of the future Pi blockchain. As the eventual goal was to launch the Mainnet and build an ecosystem around the Pi platform, the Pi app running on the centralized Pi server enabled mobile phone users (Pioneers) to contribute their security circles that, in aggregate, built the trust graph required by the consensus algorithm of the Pi Blockchain, and in return, the Pioneers received mining rewards. Furthermore, the centralized phase allowed the network to grow, the community to form, and the Pi token to be accessible and widely distributed. This phase also allowed for the iteration of many technical features and Pioneer experience by leveraging community input throughout the development process.
The following major accomplishments were made during the Beta phase:
The Pi Network mobile app was listed and accessible through the iOS App Store and Google Playstore.
Pi Network grew from 0 to over 3.5 million engaged Pioneers.
The Pi Network community actively engaged with the project through the app home screen interactions and chat app.
Pi Network reached 233 countries and regions around the world.
Phase 2: Testnet
This phase started on March 14, 2020, marking another critical preparation for the transition to a decentralized blockchain—a live Testnet with distributed Nodes from all over the world. Pi Network’s Node software-enabled individual computers to support running the Pi Testnet using Test-Pi coin. Test-Pi was available only for the purpose of testing and has no relation to Pioneers’ account balances on the Pi app. The Pi Testnet has reached over 10,000 fully functional community Nodes and over 100,000 daily active Nodes on the waiting list, and as explained in a later section, will continue to exist for testing purposes in the Mainnet phase.
Pi Testnet allows for the testing of connectivity, performance, security, and scalability of the blockchain, and allows Pi apps developers to develop the Pi apps before they can deploy their app on the Mainnet. During the Testnet phase, 3 major strategies were adopted: (1) decentralization through Testnet Nodes, (2) growth through the main Pi app for mobile mining, and (3) utility creation through the Pi apps platform on the Pi Browser. The Testnet ran in parallel with the Pi mobile mining app from Phase 1 and enabled decentralized community Nodes to get online and ready for the Mainnet. Specifically, the Testnet Nodes helped with the assessment of the blockchain’s performance, security, and scalability. It also helped Pi App developers test their apps against the Pi Blockchain. At the same time, the Pi mobile …