“It is necessary to empower real people.”

A team of researchers from Stanford University has discovered a unique method for mining Bitcoin that could have a massive impact on perceptions of the cryptocurrency.

According to her WebsiteThe Pi Network is designed in part to make the Bitcoin mining process significantly less energy-intensive.

Cryptocurrency mining is a controversial practice in part because it remains largely unregulated. Huge uses amounts of force Which often comes from Dirty energy Sources such as gas and coal as well as vast amounts of water to help keep their server banks cool and functional.

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Pi Network hopes to be different. It uses a mobile application and relies on the relatively small computing power of mobile phones and tablets to mine cryptocurrencies en masse. It promotes itself as a fairer and more distributed crypto network, allowing you to mine pi tokens for free from your phone.

Bitcoin and other cryptocurrencies have a reputation as being extremely draining of resources, as well as a means through which shady characters can conduct illegal business. a job. Modern a report It has unveiled several cryptocurrency mining operations in “gray zones” around Russian territory using massive amounts of cryptocurrencies Dirty energy and redirecting funds to illicit activities and war profiteering. Illegal cryptocurrency mining has been accused of causing this Rolling power outages In Iran, and recently in Iowa County Discussions raised To build a new mining facility due to concerns about pollution and noise.

The Pi Network eliminates many environmental concerns, using less power and generating no noise. There are still security concerns as the app scales, but the company is optimistic they can be addressed.

“In order to ensure fairness in Pi mining, secure the Pi blockchain, maintain integrity in the Pi ecosystem, and ultimately create and protect community-driven governance, it is essential to empower real people around the world and disrupt malicious actors, bots, malware, or riders.” Freelancers of the company Website He says.

Overall, Pi Network is a unique approach to solving a huge problem facing the cryptocurrency industry since its inception, and it could be a game-changer.

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