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Pi Network vs CORE DAO: Two most popular decentralized projects with different concepts

Pi Network is a mobile-based cryptocurrency project that allows users to mine Pi coins using their smartphones. It was launched in 2019 and is currently in its enclosed mainnet phase. The goal of Pi Network is to create a decentralized peer-to-peer network where users can earn Pi coins by contributing their computing power to secure the network. This is done through a process called “mining” which involves solving complex mathematical problems.

The Pi Network is run by a community of volunteers and is open source, meaning anyone can contribute to its development.Presently, remember that pioneers take part in block validation and receive rewards in Pi cryptocurrency.

CORE DAO is a decentralized autonomous organization (DAO) built on Ethereum. It is a platform that enables users to make decisions and manage resources collectively. It is designed to be a self-sustaining, self-governing organization that can be used to create and manage projects, such as decentralized applications (DApps) and smart contracts. The goal of CORE DAO is to enable users to make decisions in a transparent and secure manner, while also giving them the power to manage their own resources.

What are those concepts that made them different?

  • 1. Pi Network is a mobile-focused platform that uses a consensus algorithm called Stellar Consensus Protocol (SCP) to ensure secure and fast transactions, while Core DAO is a decentralized autonomous organization (DAO) that uses a blockchain-based governance model.
  • 2. Pi Network is focused on creating a new economy powered by cryptocurrency, while Core DAO is focused on creating a decentralized governance system.
  • 3. Pi Network uses a Proof of Stake (PoS) consensus algorithm, while Core DAO uses a Proof of Work (PoW) consensus algorithm.
  • 4. Pi Network is a permissionless network, while Core DAO is a permissioned network.
  • 5. Pi Network is a mobile-first platform, while Core DAO is a web-based platform.

Olutunde Oladipo

Written by Olutunde Oladipo

Olutunde Oladipo has worked as a professional content writer for many years. His interests are as diverse as offering financial guidance and advice. He has extensive knowledge of Blockchain Technology. Olutunde hails from Ibadan, Oyo State in South-Western Region of Nigeria.

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