PI NETWORK: AN ADVANCEMENT TOWARDS THE GLOBAL MASS ADOPTION OF CRYPTOCURRENCY

Dr. Nicolas Kokkalis, the founder of Pi Network, envisioned this project as an "enhanced version" of Bitcoin, focusing on scalability and user-friendliness. Pi Network enables Pi mining directly on mobile phones without consuming significant energy, making it easy for users to access and safely use cryptocurrency in daily life, on a global scale.

Comparison between Bitcoin and Pi Network

Maximum Supply:

Bitcoin: 21 million.
Pi Network: 100 billion.

Verification Mechanism:

Bitcoin uses Proof of Work (PoW).

Pi Network uses the Stellar Consensus Protocol (SCP).

Block Creation Time:

Bitcoin: 10 minutes.
Pi Network: 5 seconds.

Transaction Speed:

Bitcoin: 7 transactions per second.
Pi Network: 1,000 transactions per second.

Number of Nodes:

Bitcoin: 12,086 nodes.
Pi Network: 364,873 nodes.

Characteristics:

Bitcoin does not require ID verification, making it susceptible to misuse.

Pi Network complies with international anti-money laundering regulations.
Pi Network is pioneering a new approach that is more accessible, user-friendly, and secure, promising a safe, widespread use of cryptocurrency on a global scale.