BREAKING : The Pi Network is currently developing a formal technical process to prepare for the Open mainnet - hokanews

 

BREAKING : The Pi Network is currently developing a formal technical process to prepare for the Open mainnet - hokanews

hokanews.com - Pi Network is a blockchain project that seeks to provide access to blockchain technology and cryptography to ordinary users who have no technical background in the field. The Pi Network has its first testing phase called "Phase 1" or "Testnet", and the development team is working on preparing for the next phase which is "Phase 2" or "Mainnet". This phase will involve significant technical improvements and preparations, including changes to the blockchain architecture and preparation of the infrastructure needed to launch the mainnet in a stable and secure manner.

One of the unique features of the Pi Network is that it is energy-efficient and data-efficient. The Pi Network uses a special Circle Consensus Algorithm that requires no special hardware to mine or validate transactions on the network, making it accessible to anyone with a smartphone. This is in contrast to other blockchain networks, such as Bitcoin or Ethereum, which require special hardware and consume a lot of energy.

The Pi Network also includes innovative security features, such as peer-to-peer validation and random node resource scanning, designed to ensure network security and consistency. In addition, the Pi Network also has a "mining" program that allows users to earn Pi tokens by mining for free via a mobile app.

Currently, the Pi Network is still in the development stage and has not yet been officially launched to the public. However, this project has attracted the interest of many people around the world, and the Pi Network development team has taken measures to ensure network security and stability before its official launch.

Currently it is estimated that there are 45 million pioneers active on the pi network around the world, downloading the pi network application on Google Play has already lifted 50 million more downloads, that does not include downloads via the APP Store. can be obtained by anyone around the world without having to issue the slightest model, it's just that you need a smartphone and internet when you enter the pi network application itself.

However, recently trending on social media where the pi network is developing an improvement in the formal technical process to prepare for the open mainnet, this was revealed from one of the pi network community twitter accounts on twitter.

hokanews.com monitoring from the pi network community account on Twitter is very clear that the posts shared by the Twitter account are as follows:

#Pinetwork will update #Stellar chain v15 running on the Testnet to version v18 protocol. This version is the same as the version on the mainnet.

It is a formal technical process improvement to prepare for Open mainnet.

#pinetwork #pinode #cryptoleak #cryptoleakvn

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Twitter image source

what do you mean by stellar

Stellar is a blockchain network focused on cross-border financial payments and services. Stellar allows users to make transactions in various types of digital currencies and assets, including crypto and fiat currencies.

Stellar is designed to facilitate fast and inexpensive transfers of money and assets around the world, with low transaction fees and fast transaction turnaround times. Stellar also offers strong security features, including federated Byzantine Agreement (FBA) consensus validation and the ability to set "trustlines" for conducting transactions with other parties.

Stellar was founded in 2014 by Jed McCaleb, co-founder of Ripple, with the vision to create a decentralized payments network accessible to everyone. Stellar also offers the ability to build decentralized applications and innovative financial services on top of their network using a smart contract programming language called Stellar Smart Contract.

Stellar has their own native cryptocurrency called Lumens (XLM), which is used to facilitate transactions on the network and can also be used to pay for transaction fees and other services on the network.

Today, Stellar is one of the most popular blockchain networks and has been used by many companies and organizations around the world to facilitate payments and transfers of digital assets.

Pi Network is a fully decentralized blockchain network that utilizes modern cryptographic technology to ensure the security and privacy of transactions. Some of the formal technicalities in the Pi Network include:

Circle consensus algorithm: Pi Network uses the Circle consensus algorithm which enables the mining and validation of transactions by users with their mobile devices. This algorithm is designed to reduce the consumption of energy and resources required for mining, thereby enabling anyone to join and validate transactions on the network without the need for expensive specialized hardware.

Node architecture: Pi Network has a decentralized node architecture that allows any user to become a network node and validate transactions. Each node keeps a copy of the blockchain and validates new transactions before they are propagated to the network. In this architecture, no one central entity controls the network, making the Pi Network more secure and decentralized.

Cryptography: Pi Network uses modern cryptographic technologies such as symmetric and asymmetric encryption to protect transaction security and privacy. Each transaction is encrypted and signed with the user's private key before being sent to the network, so that only authorized users can open and verify transactions.

Time-based mining scheme: The Pi Network uses a time-based mining scheme that allows users to periodically acquire new Pi without the need to perform additional tasks. This scheme is designed to reduce the cost and resources required for mining and ensure a fair distribution of Pi across the network.

Pi Wallet: The Pi Network owns the Pi Wallet, a digital wallet that allows users to store and send Pi, as well as track their transaction history. The Pi Wallet is protected with a password and the user's private key, thus ensuring the security and privacy of the user's Pi.

Those are some of the formal technicalities in the Pi Network. Although the Pi Network is still in development and not yet fully rolled out to the mainnet, it offers exciting innovations and technologies for users interested in cryptocurrency and blockchain technology.

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.

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