Wow! A renowned journalist asked the question: Pi Network vs. Core DAO: Which one offers better functionality for decentralized systems - hokanews
hokanews.com - Both Pi Network and Core DAO are decentralized platforms that allow users to participate in the network and make joint decisions about their use. However, these two platforms have different approaches in providing functionality for decentralized systems.
pi network is a new blockchain designed to enable fast and easy growth. This network uses a context protocol called "Proof of Cooperation" which is designed to enable easy and equitable participation in the network. The Pi Network also offers the ability to create and run decentralized applications, as well as a decentralized voting system for in-network decision making.
The Pi network itself is currently not included in the open mainnet system, nor is the pi network officially traded on cryptocurrency exchanges, unlike CoreDao, which has been listed on cryptocurrency exchanges for several months, which caused a stir in the cryptocurrency world, at that time the CORE coin price itself, it was predicted by the Cyrpto community that it could reach $ 7000, but that had not materialized until the article was published.
However, the pi network and CoreDao have some similarities and drawbacks of each. Recently, one of the BSCNews journalists made a scene where he made a vote through his own Twitter social media.
Monitoring hokanews.com from the official Twitter account @uc_yuccie, he is one of the journalists for the BSCNews website. Posts made by uc_yuccie on his official Twitter account are as follows:
Which is better? Pi Network or Core DAO? 🌚
I think Core DAO has an edge because it's functional. But would Pi Network offer better speed, scalability, and security after the open mainnet launch? 🤔
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It is very clear from the difference that the two blockchains are controlled by the pi network with 76.4% of the votes for the pi network, while CoreDao itself only got around 23.6% of the votes when this article was written by hokanews.
CoreDAO is a decentralized organization built on top of the Ethereum network, which aims to develop web3 infrastructure on Bitcoin PoW and accelerate the global adoption of blockchain technology. One of the main projects being developed by CoreDAO is the Satoshi Plus ecosystem, which is designed to extend the functionality of the Bitcoin network and enable the development of decentralized applications on top of it.
The Satoshi Plus ecosystem consists of several components that integrate with each other to provide more advanced functionality on top of the Bitcoin network. The main component of this ecosystem is Bitocracy, which is a decentralized decision-making system powered by the CORE token, a utility token created by CoreDAO. In Bitocracy, CORE token holders can vote in organizational decision-making and determine the development direction of the Satoshi Plus ecosystem.
Apart from Bitocracy, the Satoshi Plus ecosystem also includes two other major projects, namely Relayer and MinerPlus. Relayer is a layer-2 protocol that enables the transmission of digital assets between various blockchain networks, including Bitcoin. In Relayer, users can send and receive Bitcoin and other digital assets with low transaction fees and high speed.
Meanwhile, MinerPlus is a Bitcoin mining system developed by CoreDAO to increase the security of the Bitcoin network and speed up the mining process. In MinerPlus, miners can join a mining pool and share the block rewards fairly based on each miner's contribution.
In addition to these three main projects, the Satoshi Plus ecosystem also includes several additional projects currently in development, including WalletPlus, ExchangePlus, and MarketPlus. These projects aim to extend the functionality of the Bitcoin network and enable the development of more complex decentralized applications on it.
In order to accelerate the development of the Satoshi Plus ecosystem, CoreDAO is also working with various partners and other parties in the blockchain ecosystem, including developers, miners, and financial institutions. Through this collaboration, CoreDAO hopes to accelerate the adoption of blockchain technology and expand the use of the Bitcoin network globally.
Overall, CoreDAO and the Satoshi Plus ecosystem it has developed are an exciting endeavor to expand the functionality of the Bitcoin network and accelerate the global adoption of blockchain technology. With projects such as Bitocracy, Relayer, and MinerPlus, CoreDAO hopes to strengthen the security and efficiency of the Bitcoin network and enable the development of more sophisticated decentralized applications.
These two platforms offer unique functionality and are accessible to different users. However, because the Pi Network is still in its early development stages, many features are either not yet available or fully developed. Meanwhile, Core DAO has been actively used by many organizations that are decentralized and have a larger user base.
Ultimately, the choice between Pi Network and Core DAO comes down to user needs and preferences. However, considering that Core DAO has stood the test of time and has many available features and users, it may be a more stable and secure choice.
The information provided on the hokanews website regarding investments is for informational purposes only and should not be construed as investment advice. You should always do your own research and seek the advice of a qualified professional before making an investment decision. Any reliance on the information provided on this website is at your own risk.
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What do pioneers think, have you followed the voting made by @uc_yuccie on his official Twitter account, believe the pi network is one of the most confused cryptocurrencies compared to other cryptocurrencies, warm greetings from us hokanews to all pioneers around the world, don't let anyone give up the pi network will come out pretty darn good one day.
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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From pioneers for pioneers
Thanks to all the pioneers, warm greetings from the hokanews team. Information from the pi network community for all pioneers
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