$SOL Similarities Between Pi Coin and Bitcoin
Decentralization Concept
Both aim to operate in a decentralized manner, though Bitcoin is fully decentralized with a robust blockchain, while Pi is still in development and relies on a temporary centralized system.
Digital Currency
Both exist as digital assets and can (theoretically, for Pi) be used for transactions, store of value, or trading.
Mining/Validation Mechanism
Both use a consensus mechanism: Bitcoin uses Proof-of-Work (PoW), while Pi currently uses a proprietary consensus algorithm (based on the Stellar Consensus Protocol) that claims to be energy-efficient.