What is the use of sending coins? What are the common problems of Pi coin?
As we all know, Pi Network is a cryptocurrency project whose goal is to enable all customers to directly encrypt mining. The centralization of the first generation of virtual currencies such as BTC makes it impossible for daily customers to use them. Therefore, unlike Bitcoin miners, Pi miners will enjoy the benefits of improved accessibility. Pi Network, developed by Stanford University graduates, allows customers to dig money in their mobile applications. The transaction is verified in the distributed record during the mining period, and Pi is supported by the blockchain application. However, there are still some novice investors who will ask what is the use of this coin. So, let's take a look, and also understand the common problems of Pi coin.
What is the use of sending coins?
According to the founder, Pi coin is a cryptocurrency with two main incentive systems, which may attract a large number of miners to add: first, naturally, everyone can browse it, and it is easy to discover and generate. Secondly, it gives ordinary people the opportunity to obtain more economic benefits, rather than handing over all rights to their currencies to banks and any other intermediate authorities or third parties and other intermediate financial enterprises.
Although the Pi Network team has already managed to make the first one a reality - in fact, Pi is easy to discover that anyone with a smart machine and good internet connection can make money, but the second one has not become a reality.
Now, you may ask what you can do with the Pi encryption token you are exploring. Answer your question: To be honest, there are not many things you can do with Pi coins nowadays. However, the developers of Pi Network have a long-term plan for its encryption token. If everything goes according to their plan, over time, you will be able to use your Pi cryptocurrency to purchase goods or services. This is because they are ready to create a P2P (point to point) market for goods or services. You may also have the opportunity to exchange your Pi coins with the legal tender you choose.
However, the journey of Pi cryptocurrency has been divided into several stages, and the ease of use of the above Pi coins will not appear until the third stage. The first stage - the pursuit of enough customers to add - has been started as early as March 2019, and then completed within a year. At present, Pi cryptocurrency is going through the second stage, which is essentially a product test. Users on the network can detect the "node" software on their computers by themselves, which also helps to spread the network. In order to further use Pi cryptocurrency, Pi network must complete the second phase and enter the third phase.
What are the common problems of Pi coin?
1. Do I have to fill in my real name when registering Pi's APP?
Yes, because real-name verification is required later. However, there is no need to worry about the miners who have not filled in their real names before.
2. What should I do if I can't log in to the Pi account?
To sum up from the current situation, the vast majority of accounts are unable to log in due to network exceptions. A few cases are caused by the official upgrade of the server program.
Solution: Set the mobile phone to flight mode, and then restore the mobile network to reset the network. If the network is abnormal, it can basically be repaired. If it can't be repaired, it is recommended to try twice more, or switch to the WIFI network and try again. If you still cannot log in, it is largely caused by the official upgrade of the server program. You can wait patiently for a period of time before logging in.
3. Will money be deducted when SIGNOUT withdraws the Pi account? How much is deducted?
Click SIGNOUT to exit the program, which will result in the deduction of the currency obtained by this mining. For example, after clicking Thunderbolt, you can collect 20 coins within 24 hours. When you collect the fifth coin, you choose SIGN OUT to exit the program, which will cause the collected five coins to be deducted. The official move is also to reduce the possibility of cheating when logging into multiple accounts with one mobile phone. It is not advisable to open a separate account, which will cause the account to be cleared. Therefore, in general, do not click SIGNOUT to exit the program unless it is absolutely necessary, and mine normally according to the official principle of "one person, one machine, one number". Do not try to cheat, and do not test the intelligence of Stanford University doctors.
In the near future, KYC and its inward transfer will be carried out. It will only become more and more strict, and the coins obtained by any illegal way will be rejected outside the door, and the coins obtained by normal mining will be even more precious! In addition, we should not spend money to buy accounts or currencies that have not passed KYC certification, to avoid causing unexpected property losses. Just dig more mines for free. Now there are about 2-3 months left between 10 million people. There is still time to dig more than 1000 mines. Don't be fooled by others at low prices. Hold tight! Going out at a high enough price in the future is also a huge profit!
4. What should I do if Pi coin mobile phone verification fails?
① Make sure that there is no error in the mobile phone number during registration (someone entered the wrong mobile phone number during registration, which caused the failure. After all the following number authentication failed, you can sign out and log in again to check whether there is this error)
② Whether the mobile phone number has opened international business or not, because the short message sent is international short message (generally, the mobile phone number has been opened, if not, it must be opened independently on the corresponding operator APP)
③ Whether there is a balance of phone charges in the mobile account (someone failed to push several times because the mobile phone was in arrears, and finally found that it was the reason for the arrears). It usually takes several cents to send successfully.
5. Can Pi coins be numbered? Will it be sealed?
Pi coins cannot be swiped! Can't log in to multiple accounts with one mobile phone, can't share a WIFI with too many people, there will be the risk of being judged as invalid account, and the green lightning will become red lightning!
In the white paper, there are strict requirements for one person and one account of Pi coin network. Pi applies the strategy of taking multiple measures to ensure that Pi cannot be discovered by false accounts. First of all, the network uses Google's recaptchav3 to understand whether the device is operated by human or device. This technology is absolutely invisible to most users because they are real people, but if Google's algorithm detects them, the robot may start to see the verification code. Pi team is also developing a machine learning algorithm based on real customer discovery behavior to predict robot accounts.
Secondly, Pi's blockchain algorithm regulation (security circle) makes it easy to check false accounts. False accounts will not have some real accounts to add them to their own security circle, so false accounts will not receive many recognition points from real people. At most, false accounts will point to each other, while the recognition from other parts of the network will be very few. In this way, computer algorithms can easily detect such abnormal situations.
Finally, when Pi enters the third and final stage - the main network, Pi needs to transfer the current discovered Pi to the main network for cashing, and only the account confirmed to be a real individual can be recognized. That is to say, even if all other ways miss some "robot" accounts, the user verification process will further eliminate them, because the robot owner will not be able to prove that the robot is an actual person with real name. We are now exploring the decentralized KYC process to achieve the minimum impact of these steps.
Having said that, I believe you have a certain understanding of the use of coin distribution and the common problems of Pi coin. In general, because the Pi Network application is free and very easy to use, it also attracts many investors to start Pi coins. However, Xiaobian also reminds investors that after all, any investment is accompanied by certain risks. Regardless of whether you invest Pi coins or not, you must have a comprehensive understanding before entering the market and do not blindly follow the trend.