Pi Network, or simply Pi, is a new cryptocurrency that can be mined easily from a single phone. However, recent assumptions suggest that Pi could be a scam. The Sun recently published a blog on their online platform about the positive aspects of the cryptocurrency platform. On the other hand, they published an article on Crypto Scams on the same blog page. As a result, the question becomes, what are their (The Sun’s) true beliefs about the Pi Network?
Let’s talk about Pi Network a little
As we all understand, investing our money is more important than saving it, and cryptocurrency is something that people are investing in because they see the long-term benefits. And cryptocurrencies are also upheld by communities or blockchain geniuses. You can also mine or earn money by assisting in the security of the digital currency by using Pi. Most cryptocurrencies, such as BTC and ETH, are extremely difficult to use and gain access to. And Pi puts an end to it by putting the power of cryptocurrency mining in your hands.
Are you interested to know how it works?
Pi Coin is a cryptocurrency that operates on the platform, but it is still in beta testing. We’ll have to wait a little longer for Phase 3. Pi Network uses complex computer programs to ensure the security of transactions through a series of votes and exchanges. Furthermore, Pi Network ensures that a person can mine without completely draining their phone’s battery.
Is it a scam or not?
According to The Sun, it is difficult to determine whether digital currency is legitimate or not. They urge internet users to exercise caution when sharing personal information on such platforms. According to Ms. Streeter, the platform employs unproven technology. Streeter goes on to say that it may not be a viable platform and has no future.
On the contrary, some claim that the Pi cryptocurrency is not a scam. A team of Stanford graduates has made a genuine and grand effort to provide access to cryptocurrency. The initiative’s masterminds are two Stanford Ph.D. holders and one Stanford MBA graduate. They collaborated to form their blockchain community. There is some doubt about whether the project will succeed, but they promise high standards of integrity when it comes to mining cryptocurrency.
About Pi network controversy
Every day, The Sun newspaper updates its blog page with various types of news. And, most recently, they warned about cryptocurrency scams. A few hours after publishing the article, they also published an article promoting the ‘Pi Network.’ As a result, the debate over whether they are portraying the correct news began. And whether Pi Network can be relied on as a secure platform.