Introduction

I imagine a lot of skeptics imagined that the Pi Network project would never make it as a mobile mining app before it just ran away with people’s data! Let us explain a bit more about what Pi Network is all about.

Origin

The Pi Network is a fork of Stellar Network built by a small team of Stanford graduates . The lead developer actually taught the very first blockchain course at Stanford. While with Stellar Network, node maintenance will be left to businesses and other institutions, Pi Nodes will be managed by Pi Network users around the world. The team has stated that there will be at least thousands, but potentially hundreds of thousands of nodes!

Vision

The Pi network will be able to handle high throughput, while being energy efficient. Transactions take on average only 3-4 seconds. It can work with lightweight nodes that do not require expensive specialized hardware or advanced technical knowledge

Pi’s goal is to create a truly decentralized network for and by people, and empower ordinary people with limited technical know-how and resources to contribute to the network.

The end product or purpose for which Pi will be used is a digital e-commerce and app platform where users can buy and sell goods and services, build apps, advertise, gain exposure for their social media presence, etc.

Many are unaware that applications can be developed on Pi. A first application has already debuted within the Pi mobile application. Called ” FeverIQ “, it is a symptom monitoring tool Covid-19. The invitation has gone out to developers around the world to take advantage of Pi’s new SDK .

Participation

Pi is one of the best crypto projects you can participate in if you have limited technical knowledge and/or resources but still want to participate in a network rather than just investing or reading about it on the sidelines. .

Let’s be real, there is something a little more rewarding about participating and contributing to a network than simply putting your assets on a DeFi platform that uses unproven smart contract code that could potentially be hacked.

You can use your regular computer, or get a decent used one on ebay for $100-200. So far, there has been no mention of any staking requirement to run a node, making it then accessible to anyone with a laptop and an internet connection, not just those who have the mega dollars needed to buy a node.

If you get involved in the Pi Network, there are four main roles, which allow you to choose your level of involvement. The first two or three are incredibly simple and require very little investment of your time or energy.

Identity Verification

You should also be aware that when the mainnet is live and Pi has value on its platform and as an exchangeable cryptocurrency, you will not be able to access your earned Pi without first completing the KYC . Pi is definitely not a cryptocurrency for privacy.

The roles

At the most basic level, which the Pi team dubbed pioneer , you just need to download the app , sign up, and mine Pi daily by logging in once a day to prove you’re not a bot. This is a simple mining simulation, which does not use your phone resources at all.

For all intents and purposes, this is a generous ongoing airdrop to help build an existing user base for the network when it finally goes live, and to entice interested people to get more involved with the network.

The mobile mining aspect of the Pi project won’t last forever. The team is still deciding when exactly it will end. The next time this decision will be made is when the app has 10 million active users. At present, it has more than 6 million. At that time, the mining rate will either be halved or phone mining will end. It’s still unclear what criteria the team uses to make this decision at each stage, but there have already been several “halvings” in the mining rate.

The next role is that of contributor and simply means that you add other Pi users to what is known as your circle of safety. This means you can guarantee that they are real people and won’t be bad actors trying to sabotage the network. It will also increase your mining speed a bit. It doesn’t have to be someone you know personally. You can add other Pi users from social networks.

The next role is the ambassador . It simply means that you have successfully invited at least one user to join the network. Each user you invite who regularly turns on the miner (daily check) slightly increases your mining rate.

The last role is node , you need to install test software on your computer. The following information is not a complete guide, but an overview of what is involved so you can decide whether you want to pursue it or not.

Installing a node (test)

Warnings

1) No rewards are paid for running the test node software. Although there are no guarantees, it is generally understood that running nodes will be rewarded with a portion of the transaction fee from phase 3 of the project as an incentive mechanism to maintain their node consistently .

In the meantime, if there is any reward to be received for running the test node software in addition to contributing to this great experiment, just get into the application process early and establish a baseline. consistency to show developers that you are likely to be consistent in maintaining your node. In other words, you are more likely to be selected assuming you are consistent in running the test node.

2) Currently this is just dummy software used to test various possibilities, determine hardware requirements and start calibrating the network. Real software should be released soon.

3) You will need to complete and pass the KYC to be selected for a test node. If you are what the team is looking for to run a test node, you will receive an invitation to complete the KYC.

context

One of the main goals of the Pi team is to make using a node as simple and accessible as possible for ordinary people. In the meantime, keep in mind that this is the very first iteration of the software. Over time, the process should become easier. So if you’re discouraged by the difficulties with the first generation, you can always wait and try later as the process matures.

The software you install is actually Linux software that runs in a “container”. Everything that happens is therefore isolated from the rest of your machine’s operations.

Prerequisites

Do I need a dedicated computer?

While having a dedicated computer is ideal and can help you qualify for a node, it’s not absolutely necessary. You can actually run a test node on your everyday machine, but you have to make sure that it has enough resources, because the node software will use some of them and could delay your usual activities if you don’t have enough.

Do I need a VPS?

No. Many may know that a VPS is a virtual private server provided by various companies for a modest monthly fee, which is often important when using different blockchain nodes to eliminate or minimize downtime.

Does my computer need to be on 24/7?

Yes and/or no, it depends. It’s not absolutely necessary, but it will increase your chances of being selected to operate a node. These are light knots that are not particularly power-hungry. You will need to prevent your computer from going to sleep at night for the node to work, but it uses very little power from your machine.

Do I have to install the mobile app?

Yes, make sure you are a pioneer running the mobile miner on a daily basis. Also, setting up a circle of safety and a few successful invites will help show developers your consistency and commitment to the network.

Software

Install the node software on the computer you plan to use. Follow the node software instructions by installing the Docker container software .

You will probably encounter more problems on Windows than on Linux and the installation is not really simple. The community and the chat software integrated in the application software will be able to help you in this process.

Conclusion

Whether you want to try running a Node or not, you can start earning Pi right away with the mobile app. For this you will need an invitation code , you can use: Ebereck

This project is still in the test phase, but we wanted to present it to you because it is starting to arouse more interest. We hope that it will be possible to withdraw the Pi and resell them on an exchange one fine day. Do not hesitate to share your opinion on this article and this project in the comments.

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