Pi cryptocurrency
Today, there are 18,142 cryptocurrencies, 460 crypto-exchanges and the market cap of cryptocurrencies amounts to $1.7 trillion. Every 24 hours, $91 billion worth of cryptos are traded, most of them Bitcoin or Ethereum.< https://recoversdata.com/diskgenius-working-with-disk-partitions/ /p>
History is riddled with examples of otherwise good or neutral technologies being co-opted by bad actors and those ever-present human follies of greed, nescience, risks of opportunity or outright criminality. All of which are amplified in emerging, lightly regulated sectors and accelerated by technology. Indeed, no sector is risk-free, especially not one involving money. However, crypto punishes the errant at speed, giving bad actors few places to hide.
The Forum’s Digital Currency Governance Consortium, composed of more than 80 organizations and representing diverse sectors and geographies, is working to this end. It has focused its second phase of work on examining the macroeconomic impacts of digital currencies and informing regulatory approaches for the same, as stakeholders continue to experiment with these instruments and the adoption of cryptocurrencies, stablecoins, and central bank-issued currencies.
Pi cryptocurrency
The Pi token model and mining mechanism is a principal framework to identify and reward contributions to the evolving needs of the network such as security, growth, inclusion, utilities creation, stability and longevity, etc.
Staked Direct Messaging (DMs) is a Web3 innovation in Pi’s mission to redefine social access that integrates tokenomics into Pi Chats. Staked DMs allow Pioneers access to any individual in the network via direct message by staking Pi when initiating a message request, promoting authentic, meaningful connections while deterring spam.
Pi Network is building a peer-to-peer ecosystem including marketplaces where our members will be able to directly spend Pi to buy goods and services. Once Pioneers are able to pass KYC verification and migrate their mobile Pi balance to Mainnet, this option will be available. When Pi apps transition from Testnet to Mainnet, this option will be scaled and diversified across the ecosystem. Pi Mainnet Enclosed Period restricts the use of Pi to such scenarios in the enclosed environment where the Mainnet blockchain is guarded by a firewall that prevents any external connectivities. Refer to the whitepaper draft here for the reasoning and importance of the Enclosed Network period.
Pi Network’s vision is to build the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi, the world’s most widely used cryptocurrency. To deliver on this vision, it is important to grow the network and make Pi widely accessible while maintaining the security of the blockchain and long-term network incentives. While these goals have always guided the token supply model and mining design, the key distinction is: the pre-Mainnet phases focused on driving network growth and widely distributing Pi and the Mainnet phase will focus on rewarding more diverse forms of Pioneer contributions necessary for ecosystem building and utilities creation.
This account-wide lockup setting allows Pioneers to lock up a maximum of 100% of their transferable balance from mobile to Mainnet. After Mainnet launches and Pioneers transfer their balances, Pioneers can also lock up more Pi directly on the Mainnet through a slightly different lockup interface later on. At that time, Pioneers can lock up as much as 200% of their already-transferred Mainnet balance acquired from their previous mining. The additional lockup allowance for more Pi than individually mined by the Pioneer can come from utility-based Pi apps transactions, i.e., making Pi from selling goods and services.
This period began in December 2021. The Enclosed Network period means that the Mainnet is live but with a firewall that prevents any unwanted external connectivity. Pioneers will be able to take time to KYC and migrate their Pi to the live Mainnet blockchain while the community builds apps and utilities on the Enclosed Mainnet for the network.
Types of cryptocurrency
Utility tokens or utility coins are assets used to access services on a given blockchain protocol. Typically, a user will have to acquire the asset and hold it to gain the privileges other asset holders enjoy including governance, trading fee discounts, and start-up investment rounds (also called IDO or Initial DEX Offering). Utility or infrastructure assets are perhaps the most common types, and examples include the following:
If you’re an experienced investor, hopefully, you have identified a couple of extra categories you can use to better classify your investments. However, it is worth noting that the cryptocurrency space is highly dynamic, and there are constant innovations and improvements to current projects that create new digital assets.
Since the new networks were based on Bitcoin, they were referred to as alternative coins to Bitcoin or simply altcoins. And this gives birth to the first main classification of cryptocurrencies which is Bitcoin and the rest of the coins or altcoins.
Meme coins are cryptocurrencies that are created to take advantage of the social media meme phenomenon. Despite the cause of their origin, some meme coins have gone on to become notable cryptocurrencies in terms of how large they’ve grown in market value.
The biggest algorithmic stablecoin on the market today by market cap is DAI. DAI is backed by other cryptocurrencies, including ETH, Wrapped Bitcoin (WBTC) and even other stablecoins like USDC.(3) The crypto assets that back DAI are automatically bought and sold via smart contracts to maintain DAI’s $1 peg.(4)
