Cryptocurrencies

Text

What is PI coin? Introduction to the issue price, total amount and white paper of PI coin

Pi Coin, a mobile-mined cryptocurrency launched in 2019, utilizes Proof of Work with a trust-based mechanism to reduce energy consumption and make mining accessible to a broad audience.

Oct 13, 2024 at 05:00 pm

What is Pi Coin?

Pi Coin is a new cryptocurrency that was launched in March 2019. It is based on the Proof of Work (PoW) consensus algorithm, similar to Bitcoin. However, Pi Coin mining is done on mobile phones, making it more accessible to a wider audience.

Issue Price and Total Amount

Issue Price: Not yet determined.
Total Amount: 100 billion PI coins.

White Paper

Pi Coin has a white paper that outlines its technical details and goals. Key aspects of the white paper include:

Consensus Algorithm: Pi Coin uses a PoW algorithm but with a twist. It incorporates a trust-based mechanism to reduce energy consumption and mining difficulty.
Mining: Mining Pi Coin involves solving mathematical equations on mobile devices. The mining rewards are distributed daily based on the user's activity, known as "Pi."
Circulating Supply: Initially, only a small portion of the total supply (1 billion PI coins) was released through mining. The rest will be gradually released as the Pi Network grows.
Security: Pi Coin employs a multi-layer security system to protect the network from fraud and hacking. This includes encryption, block validation, and the Stellar Consensus Protocol (SCP).

Additional Information

Pi Coin is currently in its mainnet testing phase.
The Pi Blockchain Explorer allows users to view transaction data and account balances.
Pi Coin has partnered with the Stellar network to facilitate cross-chain transactions.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

PHA

$0.2161

68.31%

Trade Now
FARTCOIN

$1.2042

62.14%

Trade Now
UXLINK

$2.5298

52.32%

Trade Now
AI16Z

$0.8713

36.66%

Trade Now
PENGU

$0.0387

35.99%

Trade Now
COW

$1.0183

31.42%

Trade Now

Latest Crypto News

Usual, Anzen, Resolv: Unveiling the Anchoring Mechanisms of Interest-Bearing Stablecoin Protocols
2024-12-25 08:40:01
Seasoned Trader Sees XRP Strongly Above $1 as ADA and LCAI Look to Steal the Spotlight
2024-12-25 08:45:21
Has the New York Police Department released the identity of a woman set on fire on a New York subway car as of December 24, 2024?
2024-12-25 08:30:01
Bitcoin (BTC) SOPR Metrics and Price Chart Offer a Mixed but Insightful Picture of the Market
2024-12-25 08:30:01
FARTCOIN Price Prediction: Can FARTCOIN Return to $1 Levels Soon?
2024-12-25 08:30:01
Bitcoin Miners Grapple with Unpredictability as Market Volatility Turns the Tables
2024-12-25 08:50:01

Related knowledge

What is the recommended storage wallet for Request (REQ) coins?

Dec 25,2024 at 07:02am

Key PointsUnderstand the storage options available for Request (REQ) coins.Evaluate the security features and user-friendliness of each wallet type.Choose the wallet that best meets your individual storage needs.Consider both hardware and software wallets, as well as custodial and non-custodial options.Regularly review your wallet security and update yo...

How does the market cap of Stella (ALPHA) coin compare to other meme coins?

Dec 25,2024 at 09:18am

Key PointsMarket capitalization of Stella (ALPHA) compared to other meme coinsFactors affecting market capitalizationProspects for Stella (ALPHA) market capitalizationFrequently Asked QuestionsMarket Capitalization of Stella (ALPHA) CoinMarket capitalization is a measure of a cryptocurrency's total value and is calculated by multiplying the number of co...

How xMoney (UTK) coins are generated

Dec 25,2024 at 04:40am

Key Points:Understanding the xMoney (UTK) EcosystemMining UTK through Proof-of-WorkEarning UTK through StakingAcquiring UTK via ExchangesAlternative Methods for UTK AcquisitionHow xMoney (UTK) Coins are Generated1. Understanding the xMoney (UTK) Ecosystem:xMoney (UTK) is a privacy-centric cryptocurrency that leverages zero-knowledge succinct non-interac...

Maple Token (MPL) Coin Introduction

Dec 25,2024 at 06:58am

Maple Token (MPL) Coin IntroductionKey Points:Overview of Maple Finance and its innovative lending platformFunctionality of the Maple token (MPL)Tokenomics and distribution of MPLPotential risks and opportunities associated with MPLFAQs related to Maple Token and Maple FinanceOverview of Maple FinanceMaple Finance is a decentralized lending protocol tha...

Inventory of the top Stella (ALPHA) currency trading platform apps

Dec 25,2024 at 07:04am

Key Points of the Article:Ranking of the Top Stella (ALPHA) Currency Trading Platform AppsStep-by-Step Guide to Choosing the Best Stella (ALPHA) Currency Trading Platform AppIn-depth Analysis of the Key Features to ConsiderEvaluation of Security Measures and RegulationsFAQs on Stella (ALPHA) Currency Trading Platform AppsRanking of the Top Stella (ALPHA...

Is it safe to buy Request (REQ) coins on decentralized exchanges?

Dec 25,2024 at 09:36am

Key Points:Understanding decentralized exchanges (DEXs)Evaluating security measures on DEXsIdentifying risks associated with DEXsDetermining the safety of buying REQ coins on DEXsContent:1. Understanding Decentralized Exchanges (DEXs)DEXs are peer-to-peer marketplaces where users can trade cryptocurrencies directly with each other, without the need for ...