Tag: blockchain

Last few months to mine Free Pi Coins (Referral Code: math88pi)

Pi Network Invitation Code: math88pi

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/math88pi and use my username (math88pi) as your invitation code.

It is literally the last few months to mine Pi Coins, Mainnet is launching in estimated Q4 2021 which is just a few months away.

Pi Network has a halving procedure in place, similar to Bitcoin. Basically it means that, the mining rate will reduce by half  when a certain milestone is being hit (usually in terms of number of members). Eventually, the mining rate may even hit zero. This means Pi Coin eventually has a finite supply, just like Bitcoin.

We have a detailed review of Pi Network and Pi Coins in a previous blogpost.

Pi Wallet will be released on 31 March 2021

On the Pi Network’s official Twitter page, they announced that they will be releasing the Pi wallet on the Testnet with Test-Pi on March 31, 2021.

This is quite an achievement, Testnet is usually just one step behind Mainnet. For example, Ethereum has several Testnets such as Rinkeby Testnet. The Testnet can act as a test or experiment to see if there are any bugs, before rolling out the Mainnet which contains the actual Pi coins.

Pi network vs Bee network

In the previous blogpost, we detailed some reasons why Pi network is likely to be legit.

Unfortunately, the same cannot be said for Bee network:

  • Bee network is created by anonymous/unknown people.
  • Bee network is just a “clone” of Pi Network in many ways, up to their White Paper.
  • Not sure if Bee network is a legitimate blockchain project, or just one that is trying to ride on the waves of Pi Network.

Hence, currently, we recommend Pi Network but not Bee Network.

Disclaimer: The opinions on Pi Network expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Pi Network Referral Code. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.

Pi Network Referral Code: math88pi

In view of the upcoming Pi day (3.14), this topic of Pi Network is quite appropriate. In this blog post, we will share about Pi Network, what it is, and more.

Pi Network Invitation Code: math88pi

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/math88pi and use my username (math88pi) as your invitation code.

Pi Network Review

Pi Network is an upcoming blockchain, with idea similar to Bitcoin, but yet with certain differences:

  • Pi Network uses the Stellar Consensus Protocol, while Bitcoin uses Proof of Work.
  • Pi Network is currently still in the early phases, meaning that it is not available on the “Main Net” yet, or on any exchange. Bitcoin is already very established as of 2021, even recognized by major institutions and banks.

Is Pi Network Safe / Is Pi Network Legit

While it is impossible to answer with 100% certainty, one can list at least 3 reasons why Pi Network is legit:

  1. Pi Network is listed on the Apple App Store. It is known that “Apple evaluates every app in detail before it’s available in the App Store to make sure that it doesn’t contains viruses.”
  2. Pi Network is created by real known people (Stanford PhDs: Dr. Nicolas Kokkalis and Dr. Chengdiao Fan) who put their real name upfront. Their identities are verified by Stanford Daily, which is the official student-run, independent daily newspaper serving Stanford University.
  3. No money is involved in using Pi Network app. No credit card details are needed. Hence, it is impossible that Pi Network is trying to scam money since no money is involved.

Is Pi Network Worth Anything

This is another popular question, on whether Pi Network is worth it. Firstly, Pi Network only takes few seconds per day, to tap the mine button. Hence, the total time wasted is very minimal.

Secondly, once Pi Network goes live on the Main Net, it has to be worth something non-zero. Many YouTubers have analyzed its worth (Pi Network price predictions), the below video has quite a mathematical estimate of what Pi Coin is worth.

Pi Network Referral Link: https://minepi.com/math88pi

Pi Network Invitation Code: math88pi

Pi Network Mining

Pi Network coins are able to be mined on a mobile phone. They are very unlike the Proof of Work algorithms which require massive amounts of electricity and computing power. In fact, the coins can be mined without WiFi or running in the background.

What is happening at this stage is actually “pre-mining”, which is consistent with the Stellar Consensus Protocol (SCP):

Pi Network differs from traditional cryptocurrencies in that the coins are “pre-mined” or pre-generated from the start. When you initiate mining on the Pi Network app, you are simply being a distributed a set amount of coins per hour. Because the coins are pre-generated, your phone doesn’t do any heavy computational tasks, and power impact is minimal.

Medium: https://medium.com/@kona.kona/cryptocurrency-for-everyday-people-from-stanford-pi-network-9d743d1ddfd2

The mining of Pi Coin has a halving stage, just like Bitcoin. Eventually, the mining rate could even fall to zero. This helps to reduce inflation.

Disclaimer: The opinions on Pi Network expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Pi Network Referral Code. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.

Ethereum in real life (Duke University is teaching Ethereum)

Ethereum has started to see many actual use cases in real life. For instance, major companies like Amazon, Microsoft, Google, Visa are all starting to adopt Ethereum as part of their real life usage.

Ethereum has started to appear in education as well. Duke University (one of the top universites in the USA), has started teaching modules of “Ethereum and Smart Contracts” as part of the syllabus.

Course description (Ethereum and Smart Contracts course in Duke University):

“Learn how to develop smart contracts and decentralized applications on the Ethereum Blockchain as well as history and trends of Ethereum itself. Ethereum is the most promising decentralized smart contract platform, and blockchain developers are in high demand. Learning these skills will give you a leg up in the blockchain world, especially in the Ethereum ecosystem. We will cover Ethereum (the platform), Solidity (the programming language), Truffle (the developer framework), and web3.js (the front-end library). Preference: some blockchain/cryptocurrency understanding. Prerequisite: basic programming skills.”

Trinity College of Arts and Sciences at Duke University

Ethereum Book

Learning blockchain technology should be a very marketable skill in the near future. Currently, there are two main ways to learn it, through online courses or through books.


Mastering Ethereum: Building Smart Contracts and DApps

The book above is authored by Dr Gavin Wood, who was the creator of the Solidity language and cofounder of Ethereum.

New York Professor: Blockchain is a lie, and the least useful technology

The most famous application of Blockchain is “Bitcoin”. Whoever bought just $1000 worth of Bitcoin around year 2010 would be a millionaire now. However, other than “Bitcoin” and cryptocurrencies, blockchain technology do have other uses. So is blockchain useful or not? Only time will tell.

See also our previous posts:

Source: Channel News Asia

Blockchain has been heralded as a potential panacea for everything from poverty and famine to cancer. In fact, it is the most overhyped – and least useful – technology in human history.

In practice, blockchain is nothing more than a glorified spreadsheet. But it has also become the byword for a libertarian ideology that treats all governments, central banks, traditional financial institutions, and real-world currencies as evil concentrations of power that must be destroyed.