Pinetwork is a cryptocurrency project developed in 2019 by PhD students at Stanford University. Pi has the characteristic that anyone can easily mine using a smartphone app. Mining is the process of verifying cryptocurrency transactions and issuing new cryptocurrencies to earn cryptocurrency as a reward.
However, typical cryptocurrency mining requires high-performance computers and electricity, which puts a burden on the environment. Therefore, Pi is designed to allow mining without consuming smartphone processing power or battery. Pi mining is as simple as downloading the app and pressing a button just once every 24 hours. Also, Pi mining is done efficiently by building a network with trusted people.
Since Pi is not yet listed on exchanges, there is no official price. However, when it was temporarily listed on FUBT, an exchange in Hong Kong, in March 2022, there were reports that it reached a high of 43,000 yen. This is thought to be due to factors such as Pi’s user base exceeding 30 million people and the approaching launch of the mainnet.
As of December 7, 2023
The mainnet is the production network for cryptocurrency, and when the mainnet is launched, Pi will become a formally tradable cryptocurrency. When the mainnet is launched, the price of Pi may rise further.
Pi is an innovative cryptocurrency that can be mined on a smartphone. Pi aims to lower the barrier to participating in the world of cryptocurrency, allowing more people to enjoy the benefits of cryptocurrency. Since Pi is not yet listed on exchanges, you can mine it for free now. If you are interested in Pi, please download the app.
Source
https://coinmarketcap.com/ja/currencies/pinetwork/
Explanation of Keywords Appearing in the Article
- Pi: A cryptocurrency project that can be mined on a smartphone. Developed by PhD students at Stanford University.
- Mining: The process of verifying cryptocurrency transactions and issuing new cryptocurrencies to earn cryptocurrency as a reward.
- Exchange: A place where cryptocurrencies can be bought and sold. When listed on an exchange, the price of the cryptocurrency is determined.
- Mainnet: The production network for cryptocurrency. When the mainnet is launched, the cryptocurrency becomes formally tradable.