Pi network (proof of stake)

 Pi Network is a relatively new cryptocurrency that uses a consensus algorithm called “Proof of Stake” to mine new coins. Unlike traditional cryptocurrencies like Bitcoin, Pi Network allows users to mine coins using their smartphones, without the need for specialized hardware or high power consumption.

There are several ways to mine Pi Network:

1. Download the Pi Network App: 

The Pi Network App is available for download on both the App Store and Google Play. After downloading the app, you can create an account and start mining Pi by clicking on the “Mine” button.

2. Join a Pi Network Node:

 Pi Network relies on a network of nodes to validate transactions and mine new coins. By joining a node, you can contribute to the network and earn more Pi. To join a node, you need to be invited by an existing member.

3. Refer Friends:

 Pi Network incentivizes users to refer their friends to the network. You can earn more Pi by inviting your friends to join the network and start mining.

Value of pi:

It is important to note that Pi Network is still in its early stages and the value of Pi is yet to be determined. Therefore, it is important to approach Pi mining with caution and not invest more than you can afford to lose.

Pi Network is a cryptocurrency project that was launched in 2019 by a team of Stanford graduates. It aims to create a decentralized digital currency that is accessible to everyone, including those without technical knowledge or access to expensive mining equipment.

One of the unique features of Pi Network is that it can be mined using a smartphone app, which is available for both Android and iOS devices. The app uses a proof-of-stake consensus algorithm, which means that users can earn Pi by contributing to the network's security and stability.

Unlike traditional cryptocurrencies that require a significant amount of computing power and energy to mine, Pi Network is designed to be more environmentally friendly and energy-efficient. It also aims to provide a more equitable distribution of rewards, with a maximum limit of 10 Pi per hour per user.

Currently, Pi Network is still in its beta phase, with over 20 million users worldwide. The project has received both positive and negative feedback from the cryptocurrency community, with some praising its accessibility and user-friendliness, while others have raised concerns about its centralization and lack of transparency.

It is important to note that investing in Pi Network or any cryptocurrency carries risks, and users should conduct their own research and due diligence before participating in any investment or mining activity.

On March 1, 2023, the new base mining rate became effective as part of its monthly adjustment based on the rewards issuance formula released on March 1, 2022. You will see the new rate when you start your first new mining session of the month. Boost your individual mining rate through diverse contributions, including Pi Lockups, App usage, Node operations, security circles, and referrals. “Read More” for details, or “Boost Mining Rate” now!

For extra earnings from this app use my referral code (Arsath07)to get 10% commission.