Breaking news: Decoding the future: How smart contracts identify your Pi in the network ecosystem
Understanding how the smart contract system works within the main ecosystem of the Pi network is crucial for optimizing your transactional experience. Here is a detailed breakdown of how your Pi is detected before executing payment transactions in decentralized applications (dApps).
1. Payment initiation: By clicking the payment button, the system will show you two distinct values for your Pi: Internal (Contribution) and External (No contribution). During the Open Global Network phase, your Pi wallet is likely to update to show two categories of balance: the Contribution Balance, marked with the Pi Purity Badge, and the No Contribution Balance.
2. API Navigation: Regardless of the button you select, whether for internal or external Pi, the system will redirect you to the corresponding application programming interface (API), ensuring a smooth transaction.
3. Real-time value display: If you choose the internal Pi option, the system will automatically reflect a value of 314,159 USD. On the other hand, if you select the external Pi button, the current price of external Pi will be displayed in real-time. Your payment source, such as Pi from OKX, will be prominently shown on the screen before confirming the payment.
4. Contribution transparency: For Pi obtained through contributions, the screen will indicate api.minepi.com before confirming the payment.
This process is straightforward, similar to selecting an item and choosing the options of "full payment" or "cash on delivery" (COD) on various online shopping platforms.
Mr. Louis Ridwan, Chief Operating Officer of Indo PiNet Mart Indonesia, shares: "We have conducted several offline transaction tests, and the Pi SDK has impressively demonstrated its ability to detect the origin of your Pi."
It is important to reiterate: Pi on exchanges is the original, legal, and official form of Pi for transactions. However, it may not fully incorporate the features of traditional currency. Therefore, if you have the means, consider purchasing Pi on exchanges.
While the concept of dual value may be confusing for some pioneers, those who understand the underlying technology of the Pi Network grasp it well. The future of transactions in this ecosystem is not only promising, but it is already taking shape!