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Pi coin is without doubt one of the hottest and extremely anticipated cryptocurrencies on the planet. User metrics present that help for the Pi Network has been hovering prior to now few months. Its official Twitter account has over 2 million followers, which is larger than that of mainstream cryptocurrencies like Cardano and Polkadot.

Pi Network ecosystem is rising

Similarly, Pi Network apps are additionally extremely widespread, with the Android model having greater than 50 million downloads. Further, Pi Browser has over 10 million customers globally. At the identical time, the community’s ecosystem is rising, with a lot of builders constructing on the ecosystem rising. Some of the highest apps which can be being in-built Pi are PiCare, Pi Chain Mall, and World of Pi Championship amongst others.

The variety of Pi coin customers has additionally been rising and at present stands at greater than 35 million. In a bid to develop the ecosystem, the builders are finishing up a hackathon that can see builders showcase their functions. 

For starters, Pi Network is a platform that was launched in 2018 to supply higher instruments and options than Bitcoin and current cryptocurrencies. As a part of its technique, the builders made it simpler for individuals to mine the coin utilizing their smartphones.

Mining Pi coin utilizing a smartphone works utilizing the Stellar Consensus Protocol (SCP), which makes use of the Federated Byzantine Agreement, which helps to make sure no power waste and quicker pace of transactions. In its ecosystem, Pi miners can change into a pioneer, contributors, ambassadors, and node. Miners merely go to the app, affirm transactions, after which obtain rewards, 

Is Pi Network worth something?

There are a number of questions which can be widespread about Pi Network and Pi Coin. For instance, there are questions on whether or not the community is a legit one or a scam and whether or not it has a future. Other customers have a query about the right way to convert their Pi cash into money.

For now, it’s tough to provide you with a Pi Coin worth prediction because the community continues to be in an enclosed mainnet. As a end result, it’s unclear when the coin might be launched in main exchanges and the value wherein it would begin buying and selling at. Most importantly, it’s nonetheless unclear whether or not it would ever be launched on exchanges. Besides, Pi has been round since 2018.

It is feasible to commerce Pi at this time. In December, a number of exchanges, together with Huobi Global listed PI/USDT which is meant to reflect the efficiency of the actual Pi coin. We wrote about this here. After hovering on its first few days, PI/USDT worth has plunged by over 80% after the actual builders disavowed the community.

Therefore, for now, Pi Coin is a wildcard within the crypto trade, and I don’t consider it’s worth your time till it’s pushed to exchanges. Pi Network will not be worth something regardless that the ecosystem is rising.