Key Ideas:
- As soon as the Pi primary network has been effectively upgraded, Huobi will begin reviewing Pi for listing.
- The Pi Network coin is distinct from the Pi Network DeFi token, which utilizes the blockchain of Binance (BNB).
In a recent announcement, Huobi said it will constantly monitor Pi Network's changes in order to examine Pi for listing as quickly as possible.
Huobi has always made a commitment to supporting initiatives that improve community relationships. Huobi declared on December 26 that, as a result of the Pi Network community's strong endorsement, it will closely follow Pi Network's progress surrounding the impending mainnet launch. As soon as the main network has been successfully upgraded, Pi will be evaluated for listing.
"Mobile users can mine Pi coins using the Pi Network, a cutting-edge cryptocurrency and developer platform, without depleting their devices' batteries. With a mobile meritocracy system and a full Web 3.0 experience, Pi's blockchain guarantees not just financial transactions but also the creation of decentralized apps (dApps) for millions of users."
It is crucial to distinguish the Pi Network coin from the Pi Network DeFi token, which is available for trading on the PancakeSwap (CAKE) decentralized exchange that operates on the Binance (BNB) blockchain (DEX).
Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, two Stanford PhDs in computational engineering and social sciences, developed the Pi Network.
Along with creating/founding numerous firms and human-centered technologies in the past, Dr. Kokkalis also teaches a computer science course at Stanford on Decentralized Applications on Blockchain. While also working as a founder developer of multiple firms and initiatives centered towards scaling social communications and revealing untapped social capital for people everywhere, Dr. Fan, who recently received her PhD in computational anthropology, has a background in both fields.
Pi nodes use a mechanism based on the Stellar Consensus Protocol, as opposed to nodes on networks like Bitcoin, which use proof-of-work (PoW) protocols (SCP). Pi Nodes concur on the order in which new transactions are added to a distributed ledger and validate transactions on the ledger.
