bitcoin has waned in popularity and in
value because
mining is extremely expensive and
requires extensive knowledge of the
mining technology
which also contributes to co2 emissions
there also are only 21 million bitcoin
to mine
and it isn't clear if or when more are
going to be created
so not only is bitcoin exclusive but
it's also harmful to the world
luckily the increase of bitcoin led to
the event of other cryptocurrencies
referred to as altcoins most of those
like litecoin dogecoin and ethereum are
more
accessible than bitcoin but still follow
an equivalent basic model and algorithm
for example litecoin has 84 million
coins to be mined
which is over four-fold quite its
predecessor
the code is additionally easier to find
out but this comes at a price
to stay anybody user or group from
dominating the market
litecoin script makes it harder to get
coins and as a result
litecoin requires far more time and
money to achieve a solid investment
the newest cryptocurrency promises to
vary all of that
pi is officially referred to as at
social currency
backed by everyday people rather than
using costly and sophisticated
machines to mine users simply mine using
their smartphones
the essential idea is to urge 100
million regular people to download the
mobile app and move miners
then pi will have enough users backing
it that it'll become a legitimate
cryptocurrency
it's due to these founding principles
that pi ensures it'll be everything
bitcoin is not
inclusive practical and eco-friendly
launched in march 2019 the pie network
was created by three stanford phd
graduates
dr nicholas corkalis dr chung dial fan
and vincent mcphillip
dr cockales may be a computer
engineering phd
and teaches decentralized applications
of blockchain at stanford
he's been working with blockchain since
he began his early phd
designing several social apps that have
garnered over 20 million
active users that list includes game
iola
the web gaming platform he also helped
found startx
a palo alto startup designed to assist
entrepreneurs perfect their business
models
with an in-depth background in computer
engineering and software
dr coccolus mainly focuses on the pi
network script and code design
dr chandiau fan has been studying
interactions between humans and
computers for years
she is fascinated by the impact that
recent technological advances have had
on both individuals and society as an
entire
a number of her research has involved
developing software to watch
productivity
also as improved social capital for
those that don't know
social capital is actually networks that
serve a functional purpose in society
dr fan graduated from stanford with a
phd in computational anthropology
and her work for the pi network is
concentrated on social computing
envisioning how virtual currency can't
only spark financial transactions
but also cultural exchanges dr fan
explains i believe the cryptocurrencies
potential is way beyond the realm of
finance and can create values that have
otherwise not been created or captured
on individual
societal and global levels my hope for
pi
is that the establishment of an
inclusive economy for global citizens to
unleash and capture their own value
and successively create value for
society and therefore the world
with that we've come to the of this
article in case
if investing in any cryptocurrency looks
like a stimulating idea to you
the easiest and safest place to buy any
cryptocurrency
no matter any country you reside is to
shop for from coincolor platform
there are other places where you'll buy
cryptocurrency
but these platforms are the simplest and
cheapest as far as cryptocurrency is
concerned.
if you guys didn't start trading
cryptocurrency there is a best
platform to start trading known as
paxful which is one of the safest and
trusted crypto exchange platform on the
world
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