What is Pi Network, and whats with the HYPE ? (Pi Cryptocurrency OCT 2020 Review) || Fulare ||

What is Pi Network, and whats with the HYPE ? (Pi Cryptocurrency OCT 2020 Review) || Fulare ||

Hello and Welcome everyone to my YouTube Channel Tech Gurujee.
I am “Prashant Fulare”
Today we’re going to talk about the PI Network.

PI network it claims to be the first cryptocurrency project to allow users to
mine using their smartphone. their aims is to create a secure immutable non counterfeit bills source of digital money. now they’re going to do this by using distributed ledger technology and making use of the stellar consensus protocol. isn’t is cool!

[ You can Start Pi mining by following My referral link provided in the description.
Join Pi Mining My referral link is “” https://minepi.com/fulare
And Invitation code is ” fulare “”]

another claim that they hold is that mining cryptocurrency on your mobile
phone will not affect your battery life.bthe entire project was founded by three individual. two of which hold PhDs from Stanford Univercity the first being Nicholas and then followed by Chendo and the third of which is Vincent who if you are familiar with the social media profiles you will recognize as he seems to be the face of the project. now what I do find a little bit concerning is the fact that you only really do see a picture of Vincent and videos of Vincent on the social media channels whereas the rest of the team seem to be taking a backseat and don’t really seem to be in the public eye very often I would like to see more of them interacting with the
community on various different media channels with the social media channels being mentioned you can find PI Network on Instagram Facebook and Twitter you will not find them on telegram discord or Bitcoin talk they do have a reddit however there doesn’t seem to be anyone
from the team on this very channel

Another thing I wanna point out is the lack of tweets on the PI network Twitter
profile I’m really gonna focus on the mining and how this works the money for

PI Network is done on a four-tier basis the first of which is a pioneer this is somebody who uses
apt to interact with the network on a daily basis they do this by signing into the mobile app to verify their identity and to request transactions so that can be send or receive PI over the PI
Network the second of which is a contributor this is somebody who adds other people to their network within pi and this information goes together to create the shared trust graph that we
will discuss very briefly later Rock the third of which is an ambassador this is somebody who recruits other individuals to come over and join my network whether they are pioneers contributors or ambassadors themselves an ambassador and a referee will receive a 25% referral bonus for signing up to the network the fourth is a node this is somebody who is physically running a node on a desktop or laptop and will maintain the distributed ledger it is possible to be all four of these tiers of mining and receive contributions based on all four
of some of the key differences between

PI Network and other blockchain projects is the fact that rewards are paid out daily they are not paid out per block they are also spread across the entire network so as long as you interact with
the network in some shape or form you will receive a payout at the end of the day it also in the white paper discusses the availability of free transactions depending on network congestion so once the network becomes heavily congested then miners will be able to sort through transactions based on a fee system with the higher fees being dealt with first and everybody else having to wait based on the amount of fees they want to pay these manifest will be sent to a separate wallet which will then be distributed with the rest of the mining more rewards at the end of the day.

Now we can talk about the economics behind the token and the economic model of the
project the first thing to point out is that at present there is no fixed supply and the total supply is unknown this is because the total supply will be worked out once the project officially launches

_____________________________________________________________________________________
[ You can Start Pi mining by following My referral link provided in the description.
Join Pi Mining My referral link is “” https://minepi.com/fulare “”

And Invitation code is : fulare ]

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