The Pi Network project goes beyond the common perception of an ordinary person. The project is not a simple cryptocurrency, but a wonderful innovation system: a public chain operating system, an ecosystem, a browser with the Pi protocol as the underlying technology, a query application blockchain, KYC application, etc.
The system's token has the potential to have a power of extraordinary value. With the growth and explosion of these systems, the entry of commercial projects, the inflow of capital, and the utilization of decentralized apps (dApps) with Pi Network blockchain as its core system, you will really appreciate the effort you exerted for your daily mining routine when the consensus value is finally agreed.
STELLAR CONSENSUS PROTOCOLThe SCP was first introduced and architected in 2015 by David Mazières, a Harvard educated and MIT alumnus as well as a professor of Computer Science at Stanford University. SCP has been implemented in Stellar Project, and now, it plays a core role in Pi Network's development. The protocol uses an algorithm called Federated Byzantine Agreement (FBA), an alternative to the Byzantine Fault Tolerance (BFT) algorithm. Its biggest improvement is to allow anyone to join the system and become a message validator, instead of allowing only a fixed group of validators like the original version. This makes FBA more suitable for a decentralized system.Recently, an announcement was made confirming that Stellar Consensus is bringing smart contracts to the network. What does it mean for Pi Network? It means that Pi Network will have the potential to become a platform for different smart contract applications.
These applications would be similar to the existing smart contracts for Decentralized Exchanges (DEx) or Automated Market Makers (AMM) e.g. Uniswap, Curve Finance and Pancakeswap; Decentralized Finance (DeFi) projects and use cases; Metaverse Projects and Non-Fungible Tokens (NFT); Initial Dex Offering (IDO) Launchpads and Oracles, and a lot more others.
In the entire design structure of this project, it is definitely not a typical crypto project to chase if you want quick success in a very short period of time. Some of the most important features of this project such as the KYC need rigorous testing before it is released to the public. Through this large-scale project, all Pioneers who believe will achieve something extraordinary that is going to be part of the history! Please take these words seriously. Patience is the key for Pioneers to earn a good amount Pi in this project!
Today, the veil of mystery about Pi's business concept is gradually being lifted. Only by being deeply aware of these things can you understand the value of Pi. As long as you continue to mine and actively invest a small portion of your time to get to know the Pioneers and the developers of this project, we can responsibly tell you: every Pi in hand will be very valuable and the grand vision is not only for you to exchange goods and services, but to exchange Pi for other currencies as well. Pi will be a transcendent work that will be with us for generations and even for a lifetime! So keep calm and mine Pi.
Credits to: Dan Suarez; Twitter: @DanSuarez22
