Pi Network Wikipedia | Everything you Know about Pi Network

Pi Network Wikipedia, Everything you Know about Pi Network, what you should know about Pi Network

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Pi Network App | Pi is a new digital currency. This app allows you to access and grow your Pi holdings and serves as wallet to host your digital assets. Pi is fairly distributed, eco–friendly and consumes minimal battery power.

Contents

Pi Network Wikipedia

In this page, I will tell you everything you need to know about Pi Network from A to z. You will know everything about the network pi project and it general aims, goals, objectives and benefits to mankind.

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Who we know is in the Core Team / works for Social Chain

These people have appeared publicly, on various platforms, representing Pi Network. The official core team of March 2021 was shown in the app: https://www.reddit.com/r/PiNetworkNews/comments/m4v4a2/this_is_the_pi_core_team/

@nicolas – Dr. Nicolas Kokkalis – Head of Technology
@cfan – Dr. Chengdiao Fan – Head of Product
@aurelien – Aurélien Schiltz – Fullstack software engineer
@Lyriaaw Amalric Lombard de Buffières – Full Stack developer
Hugo Alayrangues – Progammer
Pierre Jestin – Full stack developer
@PhilosopherChris – ? – Community Team
@oaklee – Hakkyung Lee – Software Engineer – Github
Jillian (Zhiyuan) Chen – Business Operation Specialist
Edwaard (discord)
Swaroop Poudel (July/Aug 2021) – Director Community Success & Partnerships Linkedin
@Crypto_Ging – Christian (Sept 2021)

Ex members of the core team

@hackapreneur – Justin Wu – Community Team
Vince McPhillip – Former Co Founder & Head of Community Twitter

Can I work for the Pi Network Company?

Check this link for jobs: https://www.linkedin.com/company/pi-net/jobs/

Who are the top chat mods?

Chat mods are unpaid volunteers and help other pioneers with problems. Some have been around a long time. Mods don’t necessarily know what’s going on underneath the Pi narrative.

GodOfThunderMjolnir – One of OG 1000 pioneers.
Shadnuke – Usually found in Pioneers (English)
Bamisonic – The most experienced in node problems.
RoyalPiSarah80 – Ruthlessly efficient at helping

Pi Chat Channel Guide

Community Pi Websites

Testnet explorer: https://pi-blockchain.net/
Node Explorer: https://dashboard.pi-blockchain.net/
Mining Calculator: https://docs.google.com/spreadsheets/d/1VRymWxCBAv9zkmMVDRd8uYp4SmftIV5v0ZZYi4_9GLQ/edit?usp=sharing by u/Savakyo

Official websites

Pi Github resources

Project Timeline

**PHASE 1 – DONE

Phase 1 was aimed at building the basic app, the recruitment system, starting the recruitment drive, developing in-app chat with volunteer moderators, building the windows app and it’s deployment system for fully configured nodes.

**PHASE 2 – CURRENT

Blockchain Testing and Pi app development. Hackathon. KYC.

**PHASE 3 – Estimated End of year 2021

Pi Launch. Mainnet will be started. Pi will reissued on mainnet and distributed to pioneers.

What is Pi?

The Pi Network is a project which aims to produce a global crypto currency called Pi and an ecosystem of apps in which to use this currency. These apps are being created by 3rd party developers some of which have been showcased in a recent Hackathon event.

How many users does Pi have?

Pi officially has 23+ million Engaged Pioneers. An “engaged pioneer” is someone who who completed the last 3 mining sessions when the measurement was recorded. EPs excludes known bots and bad actors. Since Lots of people mine sporadically and lots have quit, some estimates put the total number of accounts at 400million!

Is this real? Is Pi a scam?

Pi is not a scam. It is a project started by Stanford University Computer Scientist Dr Nicolas Kokkalis to give everyday people access to the utility of cryptocurrency. The known members of the Core team are named above.

This old article deescribes how Pi came to be. https://www.stanforddaily.com/2019/09/16/stanford-grads-develop-cryptocurrency-for-smartphone-users-to-increase-its-accessibility/ It also mentions some initial consultation with Stanford Professor, David Mazieres, the Chief Scientist of the Stellar Development foundation.

Does Pi have investment?

According to recent court papers (see below), there has been at least $800k of investment and the founders have put in money of their own.

The investments were formed of “SAFE” instruments. SAFE is an acronym for “Simple Agreement for Future Equity.”

We don’t know who the investors are.

What is the court case about?

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It’s not our place to comment on the details of this case, you can read it here yourself: https://pdfhost.io/v/YQIZZzB5N_complaintpdf.pdf

These are public records obtainable from the Santa Clara County Court website. Information in this document proves that Pi Network is being developed by a real company.

https://www.docketalarm.com/cases/California_State_Santa_Clara_County_Superior_Court/20CV368601/Vincent_McPhillip_vs_Nicolas_Kokkalis_et_al/

Who owns Pi Network?

The core team work for “Social Chain Inc” whose parent company is called “Pi Community Company” – an entity registered in the Cayman Islands https://www.societe.com/societe/pi-community-company-879383214.html. This information is also mentioned in the document above.

Pi Community Company has recently been named as the owner of the trademarks “Pi”, “Pi Network” and the Pi Logo. (first source:this video 0:27)

What is mining?

Both Apple and Google have banned cryptocurrency mining apps.

The mining is not real. The role of the phone app is to distribute Pi tokens (IOUs) or Pi vouchers which you are given in lieu of the Pi cryptocurrency coins which will be created at mainnet. At mainnet you will receive Pi crypto coins in exchange for your Pi tokens.

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What is minting?

Minting is the process of creating crypto coins or gold bars. Pi coins will be minted in the 1st(Genesis) block of the mainnet.

How much is Pi worth?

Pi has no value because only the tokens/vouchers exist. Pi value expected in phase 3.

Do I need to leave the app open to mine? Does the app drain my battery or data?

You don’t have to leave the app open. Your app knows how many Pi to give you per hour based on your engagement. Invite more people to get a higher hourly rate. Since there’s no mining, the app won’t drain your battery. Heavy use of Pi chat can be draining.

Why is the “mining” happening?

Pi Network is using a code fork of Stellar Core which is the same software that the cryptocurrency XLM uses.

In this software, when the mainnet starts, all the Pi supply is created. The mining app is a mechanism to help determine how much Pi supply will be created and pre distribute some of it to pioneers. You receive Pi tokens/vouchers in lieu of the Pi coins created at mainnet.

What type of consensus algorithm does Pi use?

A Consensus algorithm is a set of rules that determine how independent entities reach agreement.

Pi uses “Stellar Consensus Protocol” which is an implementation of “Practical Byzantine Fault tolerant consensus”.

pBFT consensus is also used by Ripple, Stellar, Neo, Cosmos, Zilliqa, Hyperledger Fabric, Telegram Catchain, Facebook Diem, Hedera Hashgraph. Networks that utilize Proof of Authority typically include BFT mechanisms,e.g. Solana, Vechain.

pBFT consensus is a solution to the Byzantine Generals Problem

Is Pi Open source?

Pi Network has 2 components. One is blockchain using open source software. The other is a closed source application layer that sits between 3rd party apps and the blockchain.

The configuration files of the blockchain are here: https://github.com/PiCoreTeam/pi-node-docker which is a fork of https://github.com/stellar/docker-stellar-core-horizon

What (Android) Permissions does Pi Browser have?

Version 1.3.0 may request access to

read your contacts
run at startup
read badge notifications
view network connections
prevent phone from sleeping
view wifi connections
use fingerprint hardware
receive data from internet
control vibration
have full network acccess
use biometric hardware
Play install Referrer api

What (Android) Permissions do Pi Network App have?

Version 1.30.3 may request access to

read your contacts
run at startup
view network connections
read badge notifications
prevent phone from sleeping
view wifi connections
receive data from internet
control vibration
have full network access
Play install Referrer api

Why is ios asking to allow Pi to track activity across other apps and websites?

Asking this is a new feature of iOS introduced in April 2021. Any app that contains ad code will be doing this, the ad code is doing it not the app maker. Pi contains ad code from Ironsource.

Why is Pi development taking so long?

Pi has had to develop many features that other cryptocurrencies don’t have

A voucher system for the future cryptocurrency
A performance test system for node candidates
A node deployment system
A windows app that monitors/deploys the nodes
A mechanism to determine the trustworthiness of nodes
Their own KYC system
A new sdk that makes interaction with the blockchain easier
A gitlab and kubernetes platform

Additionally, millions of users have thousands of problems and find hundreds of bugs. Having a lot of users makes a lot of work!

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What is the total supply?

The supply equation in the whitepaper can be reduced to 1.875M where M is the sum of an unknown “lifetime” amount created for each new pioneer. (M is not million) The total is likely to be in the region of billions. “Pi tokens/vouchers should be a tiny fraction of the total supply.

The total supply of Pi, if it’s not left at the default needs to be specified in the source code of the software.

Line 79 In this file : https://github.com/stellar/stellar-core/blob/master/src/ledger/LedgerManagerImpl.cpp

This value is the sum of all the fractions, e.g. each dollar contains 100 cents

When phase 3 (mainnet) begins, the total supply first exists in a special genesis account which is then used to fund a new account with all the coins in. This account is from which distribution begins.

What is verification?

Verification is so you can retrieve your account on another device or change your password. Doing both is no longer required. Pi Mods said:

If you have verified your Pi account with Facebook, then you are not required to verify your phone number.

You can also register your email at mine.pi/email in Pi Browser. However there’s no mechanism to recover your account with email at the moment and it’s only used for developer updates.

What is KYC?

KYC stands for “know your customer”. It’s the practice carried out by companies to verify the identity of their clients in compliance with legal requirements.

Pi uses it for another reason – the rule is 1 account per person. KYC is how you prove your account is attached to a person. This stops people having multiple accounts to farm pi.

If any of your referrals quit or fail KYC, you will lose all the bonus you received from them.

KYC was originally done by a company called Yoti but Core Team are now making their own KYC process as using Yoti costs money.

I don’t have official Identification and can’t pass KYC – will I lose all my Pi?

Pi Network core team know a lot of people, especially in Africa/Asia, don’t have official ID or ID accepted by Yoti and they are actively working on other ways of validating identity.

Who is this “Yoti” company?

Yoti does identity checking for “Citizen Card” who produce national UK identity cards. It doesn’t get more convincing than that. https://www.citizencard.com/yoti-citizencard-new-id-solution-for-the-uk

A Yoti CitizenCard is the perfect ID solution making it safer for young people to prove their identity online and in person. The Yoti CitizenCard, which can be used to create cardholder’s identity on the free Yoti mobile app, bears a PASS (Proof of Age Standards Scheme) hologram endorsed by the Home Office. In addition, the 18+ photo ID card displays National Police Chiefs’ Council (NPCC) and Home Office Security Industry Authority (SIA) logos.

Should you trust YOTI, take a look at https://support.yoti.com/hc/en-us/articles/213164005-Has-Yoti-been-approved-by-any-regulators-and-organisations-

What information did Yoti give to Pi Network

take a look at https://support.yoti.com/hc/en-us/articles/208678229-What-are-sharing-receipts-and-what-do-they-show- and then check your YOTI account after completing the KYC process in Pi Network you’ll see that YOTI forwards the following information:

Photo
Full Name
Given Name
Family Name
Date of Birth
Mobile Number
Email
Gender
Nationality

Remember Me ID (see https://support.yoti.com/hc/en-us/articles/360023523793)

While that seems like a lot, it’s important to point out that YOTI does at no point forward details of your IDs and that not even YOTI can see those details once your ID is verified.

Why did earlier members mine at a higher rate?

Pi Network uses a halving system that incentivizes users to join sooner rather than later. When the population increases by a factor of 10, a halving of the basic pi per hour rate occurs. This system also ensures that large pi holders are scarce.

What is the Ambassador role? How does the earning team work?

You become an Ambassador when new members join your earning team by using your referral code when they sign up. Each member of your earning team provides a small boost to your Pi per hour when they are active themselves. Once a member has joined they can’t switch teams.

What is the Contributor role? How do I become a contributor?

You get a bonus to Pi per hour by inviting 3-5 people to your security circle.

What is the security circle for?

Currently the SC enables you to get a boost to tokens per hour. In phase 3 (mainnet) the security circle will help determine which nodes are trustworthy. This is necessary because Pi Network doesn’t have known trusted organizations running its nodes. In Pi anonymous people will be running the nodes.

Can I withdraw my Pi? What is the timeline for withdrawals?

We think withdrawals of some kind will become available in 2022. Some methods to donate tokens are available in the current app.

Why are there ads in the Pi app?

There were no ads for the first year and a half. The core team asked the community on how to raise money to help with the server cost and ads were voted by the pioneers.

You can disable the ads for 2 weeks by going to the profile settings. Approx 20% of pioneers have issues disabling ads.

What happened to Fever IQ

Fever IQ was created by the Liphardt Lab at Stanford to track covid symptoms. This later became a company called Enya AI and the Pi app became this website FeverIQ.com.

Here’s a paper on the data: https://www.medrxiv.org/content/10.1101/2020.09.23.20200006v2

How can I learn about Pi Blockchain?

Pi blockchain is a code fork of Stellar Core which is used by the cryptocurrency XLM. In Pi there are some extra features. The Pi Whitepaper details some of these modifications.

You could learn about Pi Blockchain by installing a Stellar Core node

Dr David Mazières, Professor of Computing at Stanford invented “Stellar consensus protocol” which is based on “Byzantine Fault Tolerance consensus”. There’s a google talk of his about Stellar Consensus on Youtube

You can learn about specific features of Stellar with the Stellar Quest app. These are a series of challenges involving stellar features. These will be useful if you’re a developer.

What is a Node, Explain like I’m 5, ?

When you pay in a shop by card, the card machine checks with your bank that you have money. In cryptocurrency, the card machine knows how much money you have and doesn’t have to ask your bank.

In Pi Network the nodes are a network of card machines who all know your balance.

Obviously it would be a problem if you go in 1 shop spend some money then go in another shop whose card machine isn’t up to date and spend the same money again.

A cryptocurrency network ensures this situation doesn’t happen.

What is the Node really all about?

Nodes submit and verify transactions on the Pi network. Currently there’s only the Pi Network testnet.

There’s a block explorer here: https://pi-blockchain.net/

There’s 2 versions of Pi nodes.

The first version tests the performance of your computer and checks if you have successfully opened and forwarded ports. Whilst running this version the windows application periodically sends performance data to PiHQ

Shortly later you will have the consensus container deployed to your computer.

The current consensus container is a stellar Core v15.2 Node.

You can install the performance test node from https://node.minepi.com/

This software requires virtualization enabled in the bios, Hyper-V, Windows subsystem for linux v2, docker

There are many guides at https://github.com/pi-node/instructions/wiki

There’s also a comprehensive guide at https://node-pi.com/pinode_eng

How to free up diskspace the Node is using.

See this post: https://www.reddit.com/r/PiNetwork/comments/n3t0qg/node_044_what_to_do/

Where to go with node problems?

Ask here: https://github.com/pi-node/instructions/issues or ask @ bamisonic in the pi chat node channel (new node operators are added to this channel in batches). You can post screenshots in this channel.

What evidence of the testnet is there?

Testnet Block explorer

Testnet Stellar Horizon server

Will there be a linux node?

Nicolas said in the developer chatroom that they’re working on it. It’s been suggested a linux node would release just before mainnet.

Who are existing competitors of Pi

Clover
Utrust
Bee Network
Stellar Lumens
Star Network
Electroneum
Eagle Network
Kin
TimeStope

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What if I’m not convinced?

If you’re unconvinced and still think Pi is a scam of some kind, please report it to the Federal Trade Commission who investigate fraudulent American companies

https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc

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