JUST IN : PiChainMall is one of the pi network ecosystem connected to web3, Here's how Web3 works - hokanews

 

JUST IN : PiChainMall is one of the pi network ecosystem connected to web3, Here's how Web3 works - hokanews 

hokanews.com - Pi Network is a cryptocurrency project that aims to create a cryptocurrency network that is decentralized and open to everyone.  The Pi Network uses blockchain protocols and cryptocurrency technology to allow users to make transactions and interact with online services without the need to trust third parties or a central authority.

Currently the pi network is increasingly recognized among cryptocurrency lovers, even to ordinary people.  Pi coin itself can still be obtained for free at this time, it's just that you need a smartphone and the Internet when you enter the pi network application.

Even now, active mining on the pi network is estimated to have reached 45 million active users.  From before, it was calculated that there were around 35 million active users.  The figure of 45 million active users is a figure that has jumped even more sharply.  Downloads from Playstore itself are currently at 50 million + downloads.  That doesn't include those who use iPhones.

The Pi Network is currently still in the early Mainnet stage or what is commonly called the Closed mainnet by Pioneers.

On this Closed mainnet all pioneers who have got their pi coins in the pi blockchain wallet, they can freely exchange their pi coins for services or goods.  Either offline or online.

The pi network ecosystem is currently growing quite a lot which was built by the Pioneers on top of the Pi coin network.

One of the pi network ecosystems that is familiar to pioneers is Picainmall.  Picainmall is quite popular among the pi network community.  Picainmall itself has also won the pi hackathon.

Pi Chain mall is a marketplace that runs on the pi network ecosystem.  But recently Pichainmall itself announced that they will be ready to connect with Web3.

Monitoring by hokanews.com from the official Twitter account of Pichainmall itself, it is very clear that they are talking about this.

The writing shared by the @Pichainmall Twitter account itself is like this:

Day 1 at @festival_web3 and we are thrilled to have our global community head @Edwin2199 here representing the Pi Chain Mall @pichainmall team!

We can't wait to promote the Pi ecosystem and connect with the Web3 community.

#PiNetwork #PiChainMall @PiCoreTeam

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Twitter image source 

It can be seen very clearly from the posts shared by the Picchainmall Twitter account itself where one of the teams from Picchainmall has gathered with all the other websites.  The meeting was held in Hong Kong.

In this article, hokanews.com will explain to all pioneers what is meant by Web3.  Which is currently very popular among cryptocurrency lovers.

Web3, also known as the "semantic web" or "decentralized web", is a new concept of an internet that is more decentralized, transparent and open than the traditional web we know today.  In this article, we will go into detail about what Web3 is, what its benefits are, and how this technology works.

 What is Web3?

Web3 is the evolution of the current web that we use.  Today, the internet is the center of human activity around the world, and almost everyone is connected to the internet in some form that existed before.  However, like most things in life, technological advances are constantly evolving and changing the way we interact with the internet.

Web3 is the brainchild of the internet which is based on blockchain.  This is the same technology that underlies digital currencies such as Bitcoin and Ethereum.  Web3 is an internet concept developed with the aim of building a decentralized infrastructure that allows users to interact with online services without the need to trust third parties or a central authority.  Web3 gives users complete control over their data and information, and provides more freedom and security when browsing the internet.

Web3 is based on blockchain technology, which is a decentralized database that allows secure and transparent transactions without the need for a central authority.  This allows users to make secure and verified transactions, and provides security against fraud and cyber attacks.  Web3 also allows users to browse the internet without the need to provide their personal data to third parties, thus maintaining their privacy.

Web Benefits3

• Web3 has several significant benefits for both users and developers.  Here are some of the main benefits of Web3:
• Security - Web3 provides high and verified security through blockchain technology, thereby minimizing the risk of fraud and cyber attacks.
• Privacy - Users have complete control over their data and can browse the internet without the need to provide their personal data to third parties.
• Transparency - Blockchain technology enables verified and transparent transactions without the need for a central authority.
• Decentralization - Web3 allows users to interact with online services without the need to trust third parties or a central authority.
• Freedom - Web3 gives users the freedom to explore the internet without any restrictions or constraints imposed by third parties.
• Innovation - Web3 drives innovation in blockchain technology and develops new, more secure and decentralized applications.

Here's how Web3 works:

- Blockchain Technology

Web3 is based on blockchain technology, which is a decentralized and encrypted database.  This database enables secure and verified transactions, and provides security against fraud and cyber attacks.  Each transaction is stored in interconnected blocks and encrypted using cryptographic keys.

- Smart Contracts

Smart contracts are programs that are automatically executed on the blockchain.  Smart contracts allow users to create secure and verified contracts without the need for a third party or central authority.  These contracts can be executed automatically and programmed to meet certain requirements.

- Decentralized Applications (DApps)

DApps are applications built on blockchain and distributed on a peer-to-peer network.  DApps are not centralized on a single server, but are built on the blockchain and run on a peer-to-peer network.  DApps allow users to interact with online services without the need to trust third parties or central authorities.

Within the Pi Network ecosystem, Web3

allows users to use the Pi as a means of payment within a decentralized network.  Users can use Pi to pay for services, products, and content offered by other users in Pi's network.  Apart from that, the Pi Network also has decentralized applications (DApps) that allow users to interact with other online services within the Pi network.

By using Web3 within the Pi Network ecosystem, users can get benefits such as secure and verified transactions, guaranteed privacy, and a more decentralized and open experience of interacting with online services.  Thus, Web3 within the Pi Network ecosystem can help create a more equitable and decentralized cryptographic ecosystem for all users.

What is Pi Network?

Pi Network is a new cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining device battery. The Pi blockchain secures economic transactions through a mobile meritocracy system and a complete Web3 experience where community developers can build decentralized applications (dApps) for millions of users.

That's a little information that we can share with all the pi network communities.  

Hopefully this is useful, keep the spirit, don't give up.

If the information from hokanews is useful, don't forget to share it with other pioneers.

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Thanks to all the pioneers, warm greetings from the hokanews team.  Information from the pi network community for all pioneers