New news from Binance BSC News:
Much of the blockchain activity revolves around speculation on crypto prices, but Pi Network wants to change the pattern with problem-solving tools.
Pi Network will be utility driven
Chengdiao Fan, co-founder of Pi Network, believes that most crypto ecosystems are not sustainable in the long term because the utility of their tokens mostly revolves around what users can earn from them, rather than services that address practical issues.
In a September video, (Fan) said that Pai follows a different development spirit: “Pi is very different from other projects. For the majority of projects, their goal is to get listed on exchanges. But at Pi, we believe that the real key to success in the world of crypto and Web3 lies in moving away from currency speculation to the point where crypto networks provide real services, and that It was an answer to the user's question, "What do I have to gain from using this encryption network?".
The focus of Pi, a mobile blockchain mining project, is to build real-world facilities for blockchain and Web 3 access using strategies to promote community growth, decentralization, and facility construction.Pi Network entered the closed mainnet stage in December 2021 and is expected to conclude soon. During the closed phase, the team tuned up the network and tested running applications.
What is the Pi network:
Pi Network Is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution.
Chengdiao Fan, co-founder of Pi Network, believes that most crypto ecosystems are not sustainable in the long term because the utility of their tokens mostly revolves around what users can earn from them, rather than services that address practical issues.
In a September video, (Fan) said that Pai follows a different development spirit: “Pi is very different from other projects. For the majority of projects, their goal is to get listed on exchanges. But at Pi, we believe that the real key to success in the world of crypto and Web3 lies in moving away from currency speculation to the point where crypto networks provide real services, and that It was an answer to the user's question, "What do I have to gain from using this encryption network?".
The focus of Pi, a mobile blockchain mining project, is to build real-world facilities for blockchain and Web 3 access using strategies to promote community growth, decentralization, and facility construction.
Pi Network entered the closed mainnet stage in December 2021 and is expected to conclude soon. During the closed phase, the team tuned up the network and tested running applications.
What is the Pi network:
Pi Network Is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution.
The project was founded by a team from Stanford University who designed a mobile-friendly blockchain mining algorithm.
The Pi Network has evolved over the years, organized a hackathon, created two working Pi blockchain applications, and is now in the final stages of transitioning to the open mainnet.
