Friday, September 29, 2023
  • Home
  • About Us
  • Privacy Policy
  • Contact Us
No Result
View All Result
Newsway
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology
No Result
View All Result
Newsway

Pi Network Introduces Innovative Trust Graph Concept to Improve Node Connectivity

Terfa UkendebyTerfa Ukende
September 19, 2023
A A
0
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The Pi Network has unveiled an approach to enhance the connectivity of its nodes. The project, which is gaining popularity within the blockchain and cryptocurrency community, aims to introduce the concept of a trust graph provided by Pi Contributors. This innovative approach is set to revolutionize how nodes within the Pi Network configure themselves to connect securely to the main Pi network.

To simplify the concept, Pi Network defines a correctly connected node as an “intact node,” which is essential for the network’s stability and performance. The main Pi network comprises all these intact nodes. The primary task of each node is to configure itself correctly and securely connect to this main network. This connection is crucial for the network’s proper functioning, similar to how a Bitcoin node must connect to the main Bitcoin network for its operations.

The Pi Network’s main contribution over existing consensus deployment, such as Stellar, is the introduction of the trust graph. This trust graph, provided by Pi Contributors, offers valuable information that nodes can utilize when configuring themselves to connect to the main Pi network.

READ ALSO

Crypto.com Enhances On-Ramp Infrastructure, Expanding Fiat Deposit Options with €EUR Fiat Wallet

September 28, 2023

PiChain Mall Announces Exciting Updates for the PCM Ecosystem

September 28, 2023

The Pi Network Users Unite for a Historic “PI UNITY RIDE” Event

September 28, 2023

One critical aspect of this new approach is the consideration of trust graph information when nodes select their quorum slices. Each node, including their security circle, must take into account the trust graph’s data. To aid users in making informed decisions, the Pi Network plans to offer auxiliary graph analysis software. This software will provide users running nodes with daily outputs that include:

1. Ranked Node Lists: Nodes ranked by their proximity to the current node in the trust graph, as well as a pagerank analysis of nodes within the trust graph.

2. Faulty Node Reports: A list of nodes reported by the community as faulty in any way.

3. New Node Applications: A list of new nodes seeking to join the Pi Network.

4. News Updates: The most recent articles from the web related to keywords like “misbehaving Pi nodes” and others.

5. Visual Representation: A visual representation of nodes comprising the Pi network, similar to StellarBeat Quorum Monitor.

6. Quorum Explorer: A quorum explorer tool similar to QuorumExplorer.com.

7. Simulation Tool: A simulation tool, similar to StellarBeat Quorum Monitor, which illustrates the expected impacts on a node’s connectivity to the Pi network when its configuration changes.

Looking ahead, one intriguing research problem is to develop algorithms that can leverage the trust graph to suggest optimal configurations to each node or even automate the configuration process. In the initial deployment phase of the Pi Network, users running nodes will have the flexibility to update their node configurations at any time. However, they will also receive daily prompts to review and potentially update their configurations based on the evolving trust graph and network conditions.

The Pi Network’s approach represents a significant step forward in blockchain technology, offering a more secure and efficient way for nodes to connect and contribute to the network’s success. As the project continues to develop, it is expected to garner increasing attention and interest from the blockchain community worldwide. Read More

0
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Latest Post

Crypto.com Enhances On-Ramp Infrastructure, Expanding Fiat Deposit Options with €EUR Fiat Wallet

September 28, 2023

PiChain Mall Announces Exciting Updates for the PCM Ecosystem

September 28, 2023

Ice Network Team Unveils Ambitious Development Roadmap with Mainnet Launch Date

September 28, 2023

The Pi Network Users Unite for a Historic “PI UNITY RIDE” Event

September 28, 2023

Pi Network IOU Price Surges 2.08% Ahead of Mainnet Roadmap Update in October

September 28, 2023

How Pi Network Users Can Spot Phishing Attacks

September 28, 2023
Crypto News

Crypto.com Enhances On-Ramp Infrastructure, Expanding Fiat Deposit Options with €EUR Fiat Wallet

by Terfa Ukende
September 28, 2023
0

...

Read more

PiChain Mall Announces Exciting Updates for the PCM Ecosystem

Ice Network Team Unveils Ambitious Development Roadmap with Mainnet Launch Date

The Pi Network Users Unite for a Historic “PI UNITY RIDE” Event

Pi Network IOU Price Surges 2.08% Ahead of Mainnet Roadmap Update in October

Crypto News

Crypto.com Enhances On-Ramp Infrastructure, Expanding Fiat Deposit Options with €EUR Fiat Wallet

by Terfa Ukende
September 28, 2023
0

In a move aimed at bolstering its user experience and expanding accessibility to the world of cryptocurrency, Crypto.com has unveiled...

Read more

PiChain Mall Announces Exciting Updates for the PCM Ecosystem

September 28, 2023

Ice Network Team Unveils Ambitious Development Roadmap with Mainnet Launch Date

September 28, 2023

The Pi Network Users Unite for a Historic “PI UNITY RIDE” Event

September 28, 2023

Pi Network IOU Price Surges 2.08% Ahead of Mainnet Roadmap Update in October

September 28, 2023
Previous Post

Pi Network Safety: How To Guard Your Accounts Against Third-party Risks

Next Post

The Countdown Begins: Speculations Surround PI Network’s Open Mainnet in October 2023

Terfa Ukende

Terfa Ukende

Terfa Ukende is a dynamic writer and cryptocurrency aficionado, driven by an insatiable curiosity for emerging blockchain technologies. With a keen eye for innovation and an inherent passion for uncovering the latest crypto projects, Terfa delves into the world of digital currencies with a voracious appetite for knowledge. His dedication to understanding and promoting the ever-evolving realm of cryptocurrencies makes him a valuable resource for anyone seeking to navigate the complex and exciting landscape of decentralized finance.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Posts You May Like

Crypto.com Enhances On-Ramp Infrastructure, Expanding Fiat Deposit Options with €EUR Fiat Wallet

September 28, 2023

PiChain Mall Announces Exciting Updates for the PCM Ecosystem

September 28, 2023

Ice Network Team Unveils Ambitious Development Roadmap with Mainnet Launch Date

September 28, 2023

The Pi Network Users Unite for a Historic “PI UNITY RIDE” Event

September 28, 2023

Pi Network IOU Price Surges 2.08% Ahead of Mainnet Roadmap Update in October

September 28, 2023

How Pi Network Users Can Spot Phishing Attacks

September 28, 2023

How to Recover a Lost Passphrase and Protect Your Crypto Wallet

September 27, 2023

Pi Chain Mall Surpasses 15 Million PI in Transaction Volume, Showcasing Decentralized E-Commerce Success

September 27, 2023

Pi Network KYC Approval Delay Sparks Controversy Among Pioneers

September 27, 2023

Chase Bank Takes Firm Stance: Declines Payments for Bitcoin and Cryptos, Including Pi Network’s Token

September 27, 2023

McDonald’s Eyes Early Adoption of Pi Payments in El Salvador, Bolstering Crypto Acceptance

September 27, 2023

Pi Network Surpasses 2.27 Billion Pi Coins Distributed to 3.3 Million Wallets

September 27, 2023

Microsoft’s Crypto Wallet Plans for Xbox Could Boost the Pi Network Project

September 27, 2023

Elon Musk’s Endorsement Propels Pi Network Project Towards Sustainability

September 27, 2023

Crypto Influencer ‘BitBoy’ Ben Armstrong Arrested in Dramatic Livestream Outside Former Associate’s House

September 26, 2023
Next Post

The Countdown Begins: Speculations Surround PI Network's Open Mainnet in October 2023

Top 10 Reasons Pi Network Could Outperform Ethereum at Mainnet

Categories

Beginner's Guide Business & Finance Crypto News Crypto Regulation Featured Loans News NFTs Opinion Technology
Crypto News

Crypto.com Enhances On-Ramp Infrastructure, Expanding Fiat Deposit Options with €EUR Fiat Wallet

September 28, 2023
Business & Finance

PiChain Mall Announces Exciting Updates for the PCM Ecosystem

September 28, 2023
Crypto News

Ice Network Team Unveils Ambitious Development Roadmap with Mainnet Launch Date

September 28, 2023
Crypto News

The Pi Network Users Unite for a Historic “PI UNITY RIDE” Event

September 28, 2023

Recent Posts

  • Crypto.com Enhances On-Ramp Infrastructure, Expanding Fiat Deposit Options with €EUR Fiat Wallet September 28, 2023
  • PiChain Mall Announces Exciting Updates for the PCM Ecosystem September 28, 2023
  • Ice Network Team Unveils Ambitious Development Roadmap with Mainnet Launch Date September 28, 2023
  • The Pi Network Users Unite for a Historic “PI UNITY RIDE” Event September 28, 2023
  • Pi Network IOU Price Surges 2.08% Ahead of Mainnet Roadmap Update in October September 28, 2023
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology

© 2023 Newsway -Nigeria's Top News Platform About us.

No Result
View All Result
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology

© 2023 Newsway -Nigeria's Top News Platform About us.