Preface
Cryptococcose is a logical next stage in the evolution of money as the world gets more and more digital. Pi is the first cryptocurrency designed for regular people, marking a significant advancement in the global use of cryptocurrencies.
Our goal is to create a platform for cryptocurrencies and smart contracts that is user-operated, secured, and monitored
Our Mission: To create the most inclusive peer-to-peer marketplace powered by Pi, the most popular cryptocurrency in the world.
For readers who are better knowledgeable: Pi's goal is to be as inclusive as possible, thus we'll utilize this chance to expose the rabbit hole to our blockchain newcomers:)
Introduction: The importance
of cryptocurrencies
Our daily financial transactions currently rely on a reliable third party to keep a record of transactions. For example, the banking system preserves a record of your bank transactions and ensures their security and dependability. Similar to this, when Cindy uses PayPal to send $5 to Steve, PayPal keeps a central record of $5 being deducted from Cindy's account and $5 being credited to Steve's account. The contemporary economic system's intermediaries, including banks, PayPal, and other participants, play a significant role in governing global financial transactions.
However, the role of these trusted mediators is not without constraints:
1-Inequitable value capture. These intermediaries generate billions of dollars in wealth creation (PayPal's market valuation is $130 billion), but pass almost nothing on to their consumers - the common people on the ground whose money fuels a significant percentage of the global economy. People are falling further and further behind.
2-Fees. Banks and businesses impose exorbitant fees to facilitate transactions. These costs frequently disproportionately affect lower-income populations, who have the fewest options.
3-Censorship. If a trusted intermediary thinks that you should not be allowed to move your money, it can impose limits on your money's mobility.