JUST IN: Pi Network is currently in the process of preparing for its Mainnet launch - hokanews
hokanews.com - The launch of the Open Mainnet marks an important milestone in the cryptocurrency project. It shows that the network is technically and functionally ready to be used by users without significant limitations. In addition, the launch of the Open Mainnet may also include aspects such as asset transfer and migration from the previous network (such as Testnet) to the main network which is open to the public or what is known as launching on a crypto exchange.
Pi Network is a cryptocurrency project that aims to give everyone access to be part of a crypto network. This project was created with the vision of building a system that can be used easily by the general public, even by those who are not familiar with blockchain technology.
Pi Network was founded by a team of developers led by Dr. Nicolas Kokkalis, Vincent McPhillip, and Dr. Chengdiao Fan. They are determined to create a cryptocurrency that is safe, decentralized, and gives everyone the opportunity to earn cryptocurrency without the need for special equipment such as mining rigs.
One of the unique aspects of the Pi Network is their approach to mining. Pi Network does not use common mining methods such as Proof-of-Work (PoW) or Proof-of-Stake (PoS) that require significant computation or coin holdings. Instead, the Pi Network uses a mining approach called "Proof-of-Authenticity" or "Everyday Mining".
In day-to-day mining, Pi Network users can collect Pi (their digital currency) using the official mobile app available for iOS and Android. This process involves users periodically (usually every 24 hours) contributing by clicking a button indicating their presence in the network. In this case, the contribution is confirming the user's authenticity and trust in the project, and this is rewarding Pi coins in return.
Regarding the Pi Network, which is currently in the process of preparing to launch its Mainnet, this was also conveyed by the Twitter account @PI2DAY.pantauan hokanews.com from the posts uploaded by the Twitter account @PI2DAY, it is very clear in conveying the following:
Pi Network is currently in the process of preparing for the launch of its Mainnet. While the exact date of the mainnet launch has not yet been announced by the Pi Network team, they are actively working towards making it happen as soon as possible.
@PiCoreTeam
#PiNetwork #PI2DAY
hokanews.com does not publish articles without sources, for more details see the image below:
It can be concluded from the post uploaded by @PI2DAY CoreTeam is working hard to show one magic pi network, the exact date when the open mainnet will occur until now no one knows.
The following describes Mainnet and some related terms in the Pi Network project:
Mainnet: Mainnet refers to the main and final version of a blockchain network that runs independently. This means the network is ready for full operation and is no longer dependent on a test network or pre-production versions. The launch of the Mainnet marks an important step in the development of a cryptocurrency project, as this is the time when cryptocurrencies and their network can be widely used by users.
Testnet: Testnet is the version of the network used for testing and experimentation prior to the launch of the Mainnet. Testnet allows developers and users to test network functionality, detect and fix bugs, and make adjustments and upgrades without risking losing actual assets. In the context of the Pi Network, they use the Testnet for network testing and updating prior to the Mainnet launch.
Blockchain: Blockchain is the technology that underlies many cryptocurrencies, including the Pi Network. It is a digital ledger consisting of a series of connected blocks containing verified transactions. Each block contains a number of transactions, and each block is connected to the previous block, forming an immutable chain of blocks. Using the blockchain, Pi Network creates a decentralized, secure and transparent system.
cryptocurrency: cryptocurrency is a form of digital money that uses cryptography to secure transactions and control the creation of new units. In terms of the Pi Network, Pi coin is a cryptocurrency developed by CoreTeam. The Pi Network's goal is to create a cryptocurrency that is easy to use and accessible to everyone around the world.
Consensus: Consensus is the process by which all participants in a blockchain network reach an agreement about the state of the network and the validity of transactions. This is important to ensure network consistency and security. In the context of the Pi Network, they use a Proof-of-Stake (PoS) consensus algorithm called SCP (Stellar Consensus Protocol) to achieve consensus within their network.
Migration: Migration refers to the process of moving or moving from one network version to another. In the context of the Pi Network, migration will occur when users switch from the test network to the Mainnet after launch. This may involve using an application or tool provided by the Pi Network team to help users migrate safely and safeguard their assets.
Migration itself is currently running on the pi network for those who have received kyc and are declared passed. and pi cion can be exchanged for goods or services, not for fiat money, this is strictly prohibited by CoreTeam. If you get caught, get ready for your account, goodbye.
Trust me, the pi network is not a sham project, the pi network is a long-term project, and has been named the most widely used digital currency in the world. Success is not built overnight. Warm greetings from our
HokaNews team to all pioneers around the world. world, don't give up.
What is Pi Network?
Pi Network is a new cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining device battery. The Pi blockchain secures economic transactions through a mobile meritocracy system and a complete Web3 experience where community developers can build decentralized applications (dApps) for millions of users.
That's a little information that we can share with all the pi network communities.
Hopefully this is useful, keep the spirit, don't give up.
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From pioneers for pioneers
Thanks to all the pioneers, warm greetings from the hokanews team. Information from the pi network community for all pioneers
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