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Currently, our everyday financial transactions rely upon a trusted third party to maintain a record of transactions. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide. For example, when you do a bank transaction, the banking system keeps a record & guarantees that the transaction is safe & reliable. Intermediaries like banks, PayPal, and other members of the current economic system play an important role in regulating the world’s financial transactions. As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money.

 In my research I found Pi network wants to build a cryptocurrency and smart contracts platform secured and operated by everyday people. As well as build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency.

There is a huge benefit of distributed ledgers, in addition to decentralization, bitcoin, or cryptocurrency they all share a few nice properties that make money smarter and safer. Although some different cryptocurrencies may be stronger in some properties and weaker in others, based on different implementations of their protocols. Cryptocurrencies are held in cryptographic wallets identified by a publicly accessible address, is secured by a very strong privately held password called "the private key". This private key cryptographically signs transaction and is virtually impossible to create fraudulent signatures. This provides exceptional security, unlike traditional bank accounts that can be seized by government authorities. The cryptocurrency in your wallet can never be taken away by anyone without your private key.

If you are interested in joining the Pi network, message us and we'll send you an invite code!