As the world becomes increasingly digital, cryptocurrency is the next natural step in the evolution of money. #pi is the first digital currency for the common people, representing a significant step forward in the adoption of cryptocurrency worldwide.

Problem: Centralization of First-Generation Cryptocurrencies

The story of #bitcoin illustrates how the centralization of power and money can affect first-generation cryptocurrencies. In its early days, Bitcoin was accessible to anyone with a personal computer, but as the currency gained popularity, mining farms emerged and centralized the power of production and wealth.

Consequences of Centralization

* The Bitcoin Gold Rush made it difficult for ordinary people to contribute to the network and be rewarded.

* The centralization of wealth in the Bitcoin network, where 87% of Bitcoins are owned by 1% of the network.

* Environmental issues due to the energy consumption of mining farms.

Example of #bitmain

* Bitmain, one of the largest Bitcoin mining operations, has earned billions in revenue and profits.

The Pi Solution🥳🤩

The Pi team sought to find a way to allow ordinary people to mine cryptocurrencies easily and sustainably. After analyzing the challenges, it proposed to use the Stellar Consensus Protocol (SCP), designed by David Mazières.

Advantages of the SCP

* Easy to use: allows mining on personal computers and mobile phones.

* Reliable: ensures that updates to the distributed ledger are accurate and trustworthy.

* Sustainable: reduces energy consumption and is more planet-friendly.

Implementation of the SCP

The SCP is implemented on the Stellar blockchain, which has been operating since 2015.

Its mission 🌐

Build a secure cryptocurrency and smart contracts platform operated by ordinary people.

Your Vision 👀

Build the world's most inclusive peer-to-peer ecosystem and online experience, powered by Pi, the world's most used cryptocurrency.

Don't wait any longer, join this project with her and start mining now! ⚒ get ahead of that entry to Binance

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