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The Pi Network's white paper(s) serve as crucial documents outlining the project's vision, technical framework, and economic model. Here's a breakdown of key aspects:
* Evolution of Documentation:
* Pi Network has released and updated its white paper over time, reflecting the project's development. There was an original 2019 whitepaper, and then later additions that cover the progression of the project, especially concerning the mainnet.
* It is important to understand that the documents are subject to change, as the project learns and adapts.
* Core Principles:
* Accessibility: A central theme is making cryptocurrency mining accessible to everyday users via mobile devices.
* Decentralization: The white papers emphasize the goal of a decentralized network, empowering users.
* Consensus Mechanism: Pi Network utilizes the Federated Byzantine Agreement (FBA), which is designed to be more energy-efficient than traditional Proof-of-Work (PoW) mechanisms.
* Economic Model: The white papers detail the project's plans for a sustainable cryptocurrency economy, including the distribution and use of Pi coins.
* Roadmap: the white papers also give insight into the roadmap that the pi network developers are following.
* Key Focus Areas:
* The documents delve into the token model, mining mechanisms, and the project's roadmap, providing insights into the network's inner workings.
In essence, the Pi Network's white papers aim to provide transparency and clarity regarding the project's goals and technical implementation.