Pi Network

Problem: Accessibility of 1st Gen Cryptocurrencies Solution: Pi - Mining Goes Mobile Pi Economic Model: Balancing Scarcity and Access Utility: Monetizing untapped resources in p2p Governance - Currency for and by the people Roadmap / Deployment plan Draft 1 on March 14, 2019 Preface As the world becomes increasingly digital, cryptocurrency is a next natural step in the evolution of money. Pi is the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide. Our Mission: Build a cryptocurrency and smart contracts platform secured and operated by everyday people. Our Vision: Build the world's most inclusive peer-to-peer marketplace, fueled by Pi, the world's most widely used cryptocurrency. DISCLAIMER for more advanced readers: Because Pi's mission is to be inclusive as possible, we're going to take this opportunity to introduce our blockchain newbies to the rabbit hole Introduction: Why cryptocurrencies matter Currently, our everyday financial transactions rely upon a trusted third party to maintain a record of transactions. For example, when you do a bank transaction, the banking system keeps a record & guarantees that the transaction is safe & reliable. Likewise, when Cindy transfers $5 to Steve using PayPal, PayPal maintains a central record of $5 dollars debited from Cindy's account and $5 credited to Steve's. Intermediaries like banks, PayPal, and other members of the current economic system play an important role in regulating the world's financial transactions.