Introduction :

As digital technology advances, cryptocurrency is a natural progression for money. (Pioneers) Pi is an accessible digital currency, marking a significant step towards global cryptocurrency adoption.

Pi’s Decentralized App Store Lowering The Barrier To Entry for Creators :

The Pi Network’s trust graph, shared currency and marketplace will form the foundation for a larger ecosystem of applications that are decentralized.

Today, anyone who is looking to launch an app must build the technical infrastructure and community.

Pi’s decentralized application store will permit Dapp developers to benefit from Pi’s infrastructure, as well in the shared resources that the community has and its users.

Developers and entrepreneurs can submit innovative Dapps to the community by making request for access to the shared resources of the network.

Pi will also develop its Dapps with a certain level of interoperability to ensure that Dapps can be used to refer to assets, data and processes that are used in other applications that are decentralized.

 

 Phase 1 – Trust Graph Bootstrap, Distribution, and Design:

The Pi server operates as a tap, mimicking the behaviors of the decentralized system in the way it becomes live.

During this time, improvements to the user experience as well as behavior are feasible and relatively simple to implement in comparison to the stable phase of the main web.

After the network is launched, coins that are being minted for users will be moved to the live network.

In other terms the livenet will at its beginning the balances of account holders created during Phase 1 and will continue to operate as the current system, but completely decentralized.

Pi does not appear on exchanges during this period and it is not possible to “buy” Pi with any other currency.

Phase 2 – Testnet :

In the lead-up to the official net and the Node software will be tested on the test net.

The test net will utilize the exact trust graph that is used in the main net, however using a test Pi coin.

Pi core team hosts a number of nodes on the testnet and will encourage other Pioneers to establish their own testnets on.

In order for a node to join the main network it is recommended that they begin by joining the testnet.

The test net will running in parallel with the Pi emulator in the first phase and then, regularly, e.g. every day and the outcome for both systems will be checked to identify the flaws and errors in the test net which will enable Pi developers to suggest and implement solutions.

After a thorough parallel run of both systems testnet will get to a point in which its payoff consistently match those of the emulator.

When the community is satisfied, Pi will migrate to the next stage.

Phase 3 – Mainnet :

If the community believes that it is suitable to go into production and has passed a rigorous test on the testnet mainnet of the Pi network will be launched.

A crucial aspect is that, during the transition to the mainnet, only accounts verified as belonging to specific real individuals will be recognized.

After that the faucet and the Pi network emulator from Phase 1 will be shut down, and the system will operate by itself for all time.

Any future updates to the protocol are provided by the Pi community of developers and Pi’s core team and will be suggested by the committee.

The implementation and deployment of these updates will depend on the number of nodes that update the mining software, just like other blockchains.

There will be no central authority managing the currency, and the currency will be completely decentralized. Balances of fraudulent users or duplicate users will be removed.

This is the stage where Pi is able to be linked to exchanges and can be traded for different currencies.

What do I make Pi be mined by mobile phones with no any energy consumption, which is commonly referred to as “Pioneers Crypto Mining”?

Pi accomplishes this by with an entirely different consensus algorithm for its blockchain, instead of the well-known Proof of Work (POW) algorithm, which consumes many energy.

Pi’s consensus algorithm has been modified to the Stellar Consensus Protocol (SCP) and a method known as Federated Byzantine Agreement (FBA) that do not require the use of energy to achieve consensus, which is essential to secure the ledger.

This particular consensus algorithm requires that the nodes create quorums and communicate to each other on the basis of the trust graph made up of quorum slices in order to arrive at an “consensus” regarding what the next block’s contents should be.

Mining makes contributions towards the algorithm that is used that protect the blockchain ledger in exchange for reward.

Although POW mining needs nodes “work” for mathematical problems for benefit the algorithm achieve consensus, and also use many energy, Pi mining requires an underlying trust graph that is distributed.

Security circles from mobile miners will be combined into a trust graph, which feeds to the algorithms for consensus on the Pi blockchain.

Thus, every smartphone miner will be mining Pi by assisting in the interconnectedness, security and the viability in the algorithm for consensus used by the Pi blockchain to protect and secure the Pi ledger.

While the contribution of POW miners to the blockchains they are part of is energy they produce, Pi mobile miners contribute towards Pi Blockchain are their trust relationship and the active confirmation of those connections.

The bulk of the work involved in using the consensus algorithms based upon the trust graph that mobile phones generate is still being transferred to computer nodes.

In actuality Pi Testnet Pi Testnet already has more than 10K of these computer nodes, which are scheduled to be migrated soon into Pi Mainnet.

Pi Mainnet, placing Pi in a great position to begin the creation of a highly distributed blockchain network.

What is the Pi application function?

The Pi application allows you to mine Pi cryptocurrency by making various donations to Pi’s network.

As you make more contributions it will boost the amount of Pi you can mine.

It’s also the base for your Pi account, where you will be able to keep up-to-date with changes to the network and communicate with other users from this Pi community.

To start mining Pi, make sure you visit the website every 24 hours and click on the “lightning” button.

When you’re mining, it is possible to increase you hourly earnings by inviting your trusted family and friends members to sign up.

After three weeks of mining you’ll have the opportunity to enhance your mining rates by forming your security circle.

This helps to rise the safety of your network. There are more methods to mine Pi via Pi lockups or app engagement as well as Node operations.

Please look to this page for more details.

How can I mine additional Pi coin?

Additionally to mining on a daily basis it is possible to increase your mining efficiency by performing some or all of the actions listed below.

Remember that mining ceases along with the mining rewards of all kinds after a mining session has not active anymore (that is at the end of the 24-hour mining session, and prior to the start of a new mining session in this app).

So it’s perfect to create an app notification to notify that you are about to begin a new mining session.

Making sure you complete Your Security Circle to maximize Security Circle rewards.

Pi’s consensus algorithm is based on a trust graph of the world that is compiled using the many millions of intertwined Security Circles of the individual Pioneers.

Therefore the Pioneer gets the benefit of an more mining boost with each newly valid Security Circle connection, up to 5 connections.

For each Security Circle member who remains active receives an increase by 20 percent on top of their base rates (up to the maximum of 100 percent).

Invite your friends to mine with you on Pi to boost the referral Team rewards. You can also invite more members to join your Referral Team by sharing your invitation code (which is your Pi username) with them.

By doing so, you and your referrals can mine Pi together. Will increase the mining rate of your rewards.

Every member who is actively mining concurrently earns the bonus amount of 25% of your base rate of your hourly mining reward.

It is not a limit on the number of people you can include in the Referral Team.

The Referral Team rewards recognize Pioneers who have contributed to the expansion of the network, as well as the widespread coverage of Pi.

It is important to remind your existing Referral Team to mine, so you can increase the efficiency of mining. This will increase your mining rates.

Making and committing to an existing lockup configuration or extending the commitment you have to a lockup. This can help to stabilize the Pi ecosystem by ensuring long-term engagement.

Utilizing apps from the Pi Browser directory to improve the number of apps available for Usage rewards. This helps the network develop applications and create the ecosystem.

Operating an Node for a reason to boost Node Reward. The Node Bonus Rewards are available to anyone Pioneer who have a computer that is that is connected to the Internet and are calculated on the accessibility and reliability of the Node that you’re running.

The rewards for Nodes also apply to nodes running that are on the Testnet. Community nodes are able to operate in the Mainnet during the Open Mainnet period.

What is the reason why this the Pi Referral Team program NOT multi-level marketing?

It’s not exploitation of the members who are newly referred since Referral Team mining bonus is equal.

Referral Team mining bonus is a split equally between referee and referrer i.e. both earn the same bonus of 25% in the event that both are mining simultaneously.

There is no fiat currency associated with this referral scheme. The new members are not required to pay the person who referred them money, or even pay the project anything to join. Pi is available to anyone to mine.

It’s important to note that the behavior of your referral’s referrals (referral-grandchild) does not affect your mining rewards or the mining rewards of your own referrals (referral-grandparents).

What can I do to connect my Pi via the Mainnet?

Pi Network is constructing an ecosystem that is peer-to-peer, with marketplaces in which our members can direct spend Pi to purchase goods and services.

When Pioneers be successful in KYC verification and move their existing mobile Pi account to Mainnet the choice will be accessible.

Once Pi apps move to Testnet to Mainnet the feature can be expanded and distributed across the entire ecosystem.

Pi Mainnet Closed Period limits the usage of Pi to these scenarios within the closed environment in which there is a firewall that protects the Mainnet blockchain is protected by a firewall that blocks external connections.

See the draft whitepaper here to understand the reasons and significance to an Enclosed network period.

The Open Network period of the Mainnet phase, the Pi Mainnet Blockchain’s firewall will taken down which means that external applications and companies can connect to and transact on pi Mainnet blockchain.

What’s the value for Pi?

Pi’s value will be supported by the attention, time as well as the goods and services provided by other users of the system, in the exchange of Pi.

By aggregating our attention, products and services in a single currency, the Pi’s members have built the network.

Since this is a blockchain-based network that relies on technology, the network will benefit its members lower their expenses and avoid any slippages that usually occur to tech giants, banks (e.g., Facebook, Amazon) and other intermediaries.

In the present, we are creating the foundation for this digital currency and an app ecosystem driven by utilities, dispersing the currency, establishing the community, creating new technology that will warrant the security of the currency and constructing new kinds of social media experience.

Are some countries or regions blocked from using Pi?

Yes. Pi Network’s goal is to create a welcoming peer-to-peer network and experience online powered with Pi cryptocurrency.

So, Pi Network is making an individual communications service accessible to all Pioneers as long as they are permitted by the applicable law and regulation. Furthermore, Pi Network is providing cryptocurrency transactions to all Pioneers when they are allowed.

Be aware that the laws and regulations can change frequently due to technological advancements as well as political, policy and economic developments. For more details, you might be interested in visiting the Office of Foreign Assets Control Regulations’ website.

Can I mine on multiple devices?

How can Pi Network prevent fake accounts or bots. to stop mining Pi?

It is not possible to mine with two devices. The Pioneers can only have one Pi account per person.

Pi employs a multi-pronged approach to guard against bots and fake accounts. The first is that the network employs an array of third-party checks (e.g. recaptcha, etc.)) as well as its own machine learning algorithms to detect bots.

The checks are generally inaccessible to the majority of Pioneers.

The second is Security Circles that are an integral part in Pi’s consensus algorithms can also be used to identify fake accounts. False accounts won’t be able to have suitable real people pointed at them through Security Circles.

At best fake accounts could be pointing each other in the direction of security circles and receiving very few points from the other network. This kind of anomaly is easy to detect using algorithms for computers.

Thirdly, Pi’s native decentralized KYC solution helps verify the authenticity of Pioneers prior to allowing them to transfer their mobile Pi balance to Mainnet blockchain. Mainnet blockchain.

This means that only accounts verified as belonging to genuine individuals are able to be recognized by the Mainnet blockchain. KYC is also a final security measure against fake accounts and bots.

This means that even if other methods failed to detect certain “bot” accounts and fake accounts, this Pioneer verification process will remove them since bot owners won’t be able to prove that bots are real people who have real identities and names. Government issued identity cards.

What is Pi Security Circles?

And what is the Security Circle Mining Reward?

What exactly is it what is it, and how can I become an Pi Contributor?

Security Circles are a group of trustworthy individuals established through each Pioneer. You are able to include as many trustworthy Pioneers as you want into the Security Circle.

The Security Circle mining reward increases with every addition of a new Pioneer who joins the Security Circle, but caps at five members.

When you add someone to Your Security Circle, your mining base rate increases by 20% for each active participant, up to a maximum of 100%. Security Circles are essential to protect and secure the Pi blockchain.

Therefore, the Security Circle reward increases the mining rate for individual Pioneers, in addition to boosting rewards for Referral Teams, nodes, and app usage available to the Pioneer.

Pi Network Contributors are Pioneers who aid in the security of the network by bringing additional trusted Pioneers in the Security Circles they have created.

Collectively the Security Circles benefit to create a trust graph which is utilized to implement Pi’s Pi consensus algorithm that helps protect the Pi blockchain.

Also, if Pioneers refer to others Pioneers that they have confidence in it creates a trust-based social network that Pi Nodes that run on the Pi blockchain can trust to protect the blockchain.

To protect the blockchain, it is crucial to only include Pioneers to your security circle you personally have confidence in.

Pi’s Contributor function is deactivated after 3 mining sessions while a Pioneer. After three weeks of mining you’ll be able to see a new icon of Security Circle on your homescreen of the app, which is clickable to activate.

Four roles exist that exist for pioneers within the Pi ecosystem including Contributor, Pioneer, Ambassador and Node.