What is Pi Cryptocurrency and Network? Here’s all you need to know

New Delhi: The new cryptocurrency project assures the users of all the merits of Bitcoin while also terminating the disadvantages.

The Pi coin that doesn’t even exist on a particular blockchain and does not have any value of its own can be mined by the users logging on to the Pi app with the click of a button.

The puzzling aspects and qualities of the cryptocurrency have indeed drawn attention from the users, leaving many interested and wondering what Pi crypto and network is.

What is Pi Network?

Reputedly founded in 2019, the crypto network was initially developed for a common cause of being able to decentralize funds and investments to an extensive user base. The network is supported with a frame of referral, wherein a user is bound to refer a new user in order to complete their mining session.

How does Pi Coin work?

Long answer short, the coin doesn’t work. At present, it only happens to be a number on the user’s mobile phone. Pi coin cannot be traded either for it holds no value.

The users are also not provided with the facility to move the asset or withdraw it from the app for there’s no wallet on the app yet. Though, the application will be formed into a wallet after its mainnet is launched.

Value of Pi Coin 

As mentioned earlier, the coin holds no value for now, however, once the coin is listed and the mainnet is launched, the sale could be hysterical looking at the current attention from the users.

Security circle

Unlike Bitcoin and Cardano’s consensus mechanism for security, Pi asserts its network to be secure on the basis of dispersed logs where a certain number of users uphold each other’s veracity.