What Is PI Network

What Is PI Network :

Do you want to know what is Pi Network, then in this post we will give you some important information related to Pi so that this topic becomes clear to you.

PI is a Cryptocurrency, so before understanding it, let us know what a cryptocurrency is.

What is PI Network

What is cryptocurrency

Cryptocurrency is a digital currency, that is, it has a virtual form, which you cannot touch, but you can see this currency through your computer, laptop or mobile, and this currency is stored in your digital wallet.

Cryptocurrencies are not issued by the government or banks, but by a community. Cryptocurrencies are based on Blockchain Technology, and are kept secure by Cryptography. Cryptography is a type of encryption security system, which provides security to this digital currency and it is not easy for anyone to tamper with it.

When it comes to spending cryptocurrency, it can be used to buy goods and services digitally like any other currency, or it can be sold and exchanged for another currency.

bitcoin cryptocurrency

Whenever it comes to Cryptocurrency, we think of Bitcoin, because it is a famous Cryptocurrency, which was started in the year 2009. Since the beginning of bitcoin, this currency had become very famous among the people, due to which today the price of one bitcoin is equal to about 7 lakh Indian rupees.

Similarly, with the passage of time, many other cryptocurrencies came in the market and ended, that is, they did not get so much fame like bitcoin.

In this episode, now a new cryptocurrency remains a topic of discussion among the people, which has been named PI, let us now know what is PI cryptocurrency.

What is PI Network

PI Cryptocurrency was created in March 2019 by three PhD graduates studying at Stanford University California. This is the first ever Cryptocurrency, which can be mined on mobile as well, i.e. mining facility was not available on mobile phone in any digital currency in the past.

Although the process of cryptocurrency mining is quite complex and expensive, and it also requires special equipment, but in PI network this whole complex process has been made easy.

You can Mine (Earn) at any time from your smartphone by downloading the PI Network App for free from Google Playstore, that is, even if a user has no previous experience in mining digital currency, he can easily install it. and start mining.

Initially beta version of PI was released and the number of its users was also very less, but in the last almost one year, its network has become very big and the number of users joining it has also exceeded 60,00,000. That is, it is getting good response from all over the world.

PI App Installation

If you also want to use PI APP, then for this you have to go to Google Play Store and download this app.

  • First of all you have to signup with your mobile number or Facebook account.
  • Now you have to create a password of yours, and note it with you.
  • After this, you have to enter your first and last name, which should be according to your Aadhar card and below you have to create a different username.
  • In the next step you will be asked for an Invitation Code where you can enter my code Mannu007.
  • Now your account has been created, and you can start mining.

Conclusion :

Friends, you know what is PI network, how it is different from all previous cryptocurrencies. If you think that PI cryptocurrency can have a good future in the coming times, then definitely you can use it, because you do not have to spend anything in it, nor do you have to spend much of your time. If we look at the beginning of bitcoin, initially its price was also zero, which has increased manifold today.

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