- Pi is presently (centralized) running on an emulator in the cloud server (closed source), simulating a decentralized (Open source) blockchain. Pi emulator will be used to put to test running the decentralized blockchain using Node software (Testnet ).
- Nodes will run on laptops and computers responsible for validating and recording transactions on the distributed ledger. Node software will run parallel/same time as the emulator which is still under regulation (centralized) in Phase 2.
- After an absolute contemporarily run of both systems, the testnet will reach a state where its results compatibly match the emulators.
- At the time when the community feels it ready.
Pi will migrate to the final phase ( Phase 3- Open source) totally decentralized and running on its own Blockchain.
- We are one step away from phase 3. Good Moments are awaiting us. Get Excited!
Aug 11th – 5:20pm
As our network grows, there has been a recent increase of scams claiming to involve Pi. Remember that Pi is mined for free but currently not for sale. We are not affiliated with anyone or any organization claiming to sell Pi, Pi futures or any derivatives of Pi. All such sales are unauthorized and may lead to your loss of money or personal data. Read more about different types of scams.
Beware of scams
Pi is mined for free but currently not for sale. We’re not affiliated with anyone or any organization claiming to sell Pi, Pi futures or any derivatives of Pi. All such sales are unauthorized and may lead to your loss of money or personal data. Pi is currently not on any trading or futures exchanges or traded for other currencies/cryptocurrencies. For any information about Pi, please always use Pi’s official channels: minepi.com, this app, and our official Facebook, Twitter, Youtube and Instagram pages that are linked from our app. Based on Pioneers’ reports, below are a few tips on how to avoid a few types of scams.
Do you have fear of missing out?
Because you’re trying to keep up with the Joneses?
What do you think you missed out on in investing?
Hot stock that hit multiple ceilings? Real estate with owner leaving ASAP? Cryptocurrencies soaring?
What would make you say now, “I wouldn’t miss it for the world?”
Initial Public Offering? Backdoor listing? Trending business idea? Vlogging?
Mining digital currency? Why not?
Today from the Pi App Announcement.
The Core Team’s strategies have always been decentralization, ecosystem-building and network growth.
In Q1, we released the Pi Wallet – an important milestone towards decentralization – enabling all Pioneers to interact with the Pi Testnet and preparing the network for the Mainnet. We also released the Pi Browser – the new interface of the Pi Utilities platform – that will allow Pi Apps to be built, tested and accessed easily. At the same time, the network has grown to over 17 million engaged Pioneers.
The recent article about Pi Network leaking our data is absolutely not true. The Vietnamese Pi Network Community moderator Phien Vo is indeed spreading false information about Pi Network App. The Pi app does not collect information such as driver’s license, personal addresses, debit/credit cards or bank accounts information.
There is no way the data I mentioned above are being collected by Pi Network, because the Pi app will not ask us to provide these kind of information. The report from Cointelegraph appears that the author did not check and verify the source of fake information before publishing the article.
Hello fellow Pioneers. I just want to share with you my brief interview with Vince. During that time I was really trying to fully understand and grasp the idea behind the Pi Network project.
During the early days of Pi Network. I was able to talked to Vince when I was submitting my project proposal to start the Pi Social Project with the goal to advance the agenda of Pi Network.
Pi Social Project – we are aiming to bring Pi Network into the heart of every culture, globally – stemming from our belief that Pi Network is much more than just a currency. Because we see Pi Network as a vital tool for resetting the imbalance of the word’s current financial systems.
We are answering selected questions submitted by the community about our new Pi Wallet!
- Is Pi Wallet a custodial or non-custodial wallet?
Pi Wallet is a non-custodial wallet, meaning only you have access to your Passphrase/Secret Key (of your wallet).
- When will the Pi Wallet have the real Pi inside?
(It will have it) When Pi Main net is live. We aim to launch the Main net by the end of this year.
- Can I recover or reset my Passphrase if I did not save or lost it?
No. Typically this is not possible for non-custodial wallets, since no one else has your passphrase. So, keep your Passphrase safe and do not share with others. The Core Team is also working on a potential new mechanism utilizing your security circles to help with account recovery while maintaining the wallet as (a fully) non-custodial (wallet).
- I forgot my Passphrase to the wallet I recently created. Is it possible to create another wallet?
Yes. Create another wallet for now and make sure that you keep your Passphrase safe next time. The wallets currently only connect to the Test net, only containing Test-Pi for testing, thus no real loss for you. But after the Main net, losing the Passphrase to your wallet with real Pi cannot be cured by creating another wallet like now and will result in you losing access to all the Pi in that wallet forever.
- I accidentally shared my passphrase with others. What should I do?
You should create a new wallet with a new passphrase and stop using the compromised one immediately. Since we are in the testing phase right now, it’s ok to create a new wallet. In the Main net phase you should immediately create a new wallet and transfer all your Pi to that new wallet, before others do.
- Does the Pi Wallet provide a custodial option, storing the Passphrase for Pioneers in the app? If not, will the Pi Wallet have a custodial option in the future?
Not for now. However, we may develop an optional custodial wallet in the future only if enough Pioneers show interest in this feature. So please let us know if you want to see that happening.
- Can I use other wallets?
Yes. Pi Test net and Main net is and will be a public blockchain, thus any wallet compatible with the blockchain can work. Pi is fully accessible not only in your Pi Wallet but also any other Pi compatible wallet. However, the official Pi wallet is where you will get your Main net Pi when we launch.
- Is the Pi Wallet following standards or did we make up our own?
It is based on the BIP39 and BIP44 standards. In general, there is a rule in cryptography stating that you should not make up your “own” crypto and should only use widely-accepted, peer-reviewed algorithms and standards.
- Why are there transaction fees?
Transaction fees (i) avoid spamming the blockchain with useless transactions and (ii) allow for transaction ordering during times of network congestion.
- How much is the transaction fee?
The current transaction fee on the test net is 0.01 test pi. When you set a higher fee for your transaction, you still pay only 0.01, unless there is congestion, in which case transactions with higher fees are executed before transactions with lower fees.
- Where do transaction fees go and what are they used for?
All fees are currently simply getting burnt, by being accumulated in an inaccessible pool of burnt Pi. But in the future, fees could be used for mining rewards instead of minting new currency, or other purposes for the benefit of the community.
- Will passphrases stay the same after the launch of the Main net?
For your convenience, we aim for wallet passphrases to stay the same so that people don’t have to create them twice. So we urge you to get Main net ready and create your wallets now. However there is a chance, for technical improvement reasons, we may have to ask you to reset your passphrases before Main net.
- Will my wallet address be the same on the Mainnet and Testnet?
This has not been decided yet. Technically either way is possible, but we need to consider the pros and cons.
Hello Pioneers! Welcome to Pi Talk blog. This is going to be my first article here and I want to talk about Pi Network since Pi Talk was born to prepare for Pi Network launching hopefully this year.
What is Pi Network and How did it begin?
I do believe that the goal of the Pi Core Team headed by Dr. Nicolas Kokkalis is to bring cryptocurrency to everyday people without the massive price tag to run and setup a very complex mining rig. Pi Network was conceived with regular folks like you and me in mind. One goal of the PCT is to create an economic playing field that is fair and equal for everyone. Pi Network introduced a very easy, USER and PLANET friendly consensus algorithm in obtaining Pi using our mobile phone which I think was a brilliant idea from Stanford Professors.