Pi Network π The best cryptocurrency for all people

    At Pi Network, we believe that ordinary people should have a bigger say and hold a larger share of the value they create in society.  We believe that the best way to achieve this is to build a decentralized currency and economy.

 Pi's decentralized currency will eventually be secured by a distributed global vanguard network, rather than being controlled by a single centralized entity.  Pi's global network will eventually manage itself, meaning that the community can shape how Pi evolves over time.

 When Pi is completely decentralized, Pioneer will also have complete sovereignty and control over its own cryptocurrency holdings.  Advances in decentralization have brought Pi closer to the stage where Pioneer companies were able to sell or exchange Pi without the need for centralized intervention, just like Bitcoin and Ethereum.  In other words, entering the second stage, the testnet stage, brings us closer to the Mainnet. At this time, Pi can freely trade with other currencies in addition to goods and services.

 Pioneers who want to help protect the Pi currency can choose to be a node.

 Nodes are the first roles in the Pi ecosystem, running on laptops and desktops, not mobile phones.  Similar to other blockchains, Pi Nodes will be responsible for verifying transactions on the distributed ledger, and by allowing all nodes to reach a "consensus" on the order of new transaction acquisitions, it will solve the challenge of maintaining a distributed currency record.
 Unlike nodes that use proof-of-work (such as Bitcoin or ZTE), Pi Node uses different consensus algorithms based on the Stellar consensus protocol, in which nodes form trusted groups (arbitration slices), and only agree with those  The transaction that the node agrees to.  Pi's mobile miners' security circles are aggregated into a global trust graph, enabling Pi nodes to form quorum slices to determine who can and cannot verify transactions on the shared ledger.
 Unlike other crypto projects, Pi Node will continue to adhere to a user-centric design philosophy.  Everyday people do not need the technical knowledge to set up a node, but can do it by installing a desktop application on their computer, just like any other computer application.  With this desktop application, Pioneer can be turned on / off, making its device available / unavailable for use as a node.
 By March 31, 2020, we will make the initial version of the Pi Node application available for download and installation.  The initial version of the node will include two interfaces: a node interface and a desktop Pi interface.  The desktop Pi interface will be similar to that of a mobile application and will allow users to check their Pi balance and chat with Pi on their personal computer.  However, the node interface can only be fully activated by the application and selected by the core team as members of the test network node.  Detailed requirements and selection processes will be announced with the release of the software.

 This node is the first step in building Pi Testnet, which will enable the core team to test the consensus algorithm and its scalability, calibrate the configuration, and adjust and improve the consensus algorithm.  Pioneers running this version of the node do not need to pay attention to such processes.  They just need to determine if their device is available / unavailable as a node in the Pi testnet (if they are selected as a node) is available / unavailable.

 The nodes of the Pi testnet will be launched and open for use before March 31, 2020.  In order to be selected to run certain versions of the node on Pi's Testnet, Pioneer must go through KYC.  More KYC slots will be opened to support node registration and testnet advancement.  Pi Node's more detailed selection criteria will be released as the software is launched.  But in general, the principle of node selection is the credibility in the network and the availability and reliability of the device.