Will the Chinese community be the main force in the Pi Network ecosystem? — Steemit

Hello friends! To answer many of your questions about why the Chinese community is so strong and up to date information about the Chinese community, please read the information below!

What is a Pi number?

The number Pi, also called Archimedes constant, is a mathematical constant which is equal to the ratio of the circumference of a circle to the diameter of this circle. This constant has an approximate value of 3.14159. It is represented by the Greek letter π from the middle of the 18th century. I was taught when I was in elementary school, that π = 3.14159226. On March 14, 2019, Google announced that the Pi number is now 31.4 trillion decimal places. Pi is a very strong constant which is omnipresent in life and which becomes more and more precise.

Pi joined the Chinese community in late June 2019 and has grown rapidly. According to official statistics from June 28, 2020, Pi has reached 6,000,000 pioneers worldwide. According to data from the internal Pi community survey in China, the development of Pi in the Chinese community is much faster than in other regions.

Pi Network’s future development, especially in community building and future eco-app landings, Chinese communities will be Pi’s main strength. The reason is based on the following logic.

The number of Chinese smartphone users in the world’s top 1
According to IDC statistics, the number of global smartphone users exceeded 3.666 billion in 2018, with an average annual growth rate of 13.0%. Among them, the number of smartphone users in China has reached 924 million, or more than 25% worldwide. These data will continue to increase in the future. At the same time, global smartphones continue to grow, with emerging markets having the highest growth rates and China leading the world with growth of more than 413 million smartphones in 2018. Ba The main countries with the most Large number of smartphone users in 2019 are China, the United States and Japan, followed by Brazil, India, the United Kingdom and South Korea. China has a huge user base of smartphones. Pi is a smart mobile terminal application, so the Chinese community will inject strong blood into Pi, making its ecosystem even more important.

Chinese policy towards blockchain industry is in positive regulatory attitude
Especially at the end of August 2019, the Chinese central bank actively promotes the issuance of digital currencies. The central bank’s digital currency is within the legal scope and all transaction data is only open at the central bank. This can be seen in the enthusiasm of national policies towards digital currencies.

Another influential event in the blockchain industry last year was the publication of Facebook Balance on June 18, showing that China and the United States are actively promoting digital currencies. India, which has the second largest population in the world, has strongly suppressed the Blockchain. India’s local cryptocurrency exchanges have also been closed and unable to create fertile ground for the development of Pi. Pi is the most influential event in the Blockchain industry, launched three months before Facebook’s Libra .

There are three things that go into the history of Blockchain in 2019:

Pi is published by the team at Stanford University.
Libra is published by Facebook.
Digital currency issued by the Central Bank of China.

Ten years later, we will consider the choice and the evolution of history.

The invitation method to share the Pi extraction is more suited to national conditions
Chinese people always have a positive attitude to participate and discover new technologies and new events. Especially in the Internet age, China is currently at the top of the world. At the end of 2018, among the top 30 companies with market capitalization of listed Internet companies in the world, China had a total of 10 companies on the list. Local Chinese Internet companies have some influence on the world, with leaders such as: Alibaba, Tencent, Baidu Bat, JD, NetEase, Sina, Sohu, Meituan Dianping, Ctrip, 360 …

Among the various sub-sectors of the Chinese Internet are unicorns, China’s Internet infrastructure is healthy and China has the largest market in the world. We expect that the number of Chinese miners will also represent more than half the world. With the market sharing method, Pi corresponds to the culture that the Chinese like to share. Of course, many other cryptocurrencies are also hoping to expand the Chinese market. Most importantly, the sharing mechanism, superior and subordinate based on a situation called Win-Win, is defined at the speaking level. In fact, the lower levels can take advantage of their own unlimited advertising. The mechanism by which Pi and his guest contribute to the computing power of the other and the computing power provided by their superiors is greater than the computing power provided by their subordinates, is an entirely economic model. New makes the advantages of all the pioneers of the world coherent and integrated.

The first ten Blockchain projects are now inseparable from Chinese involvement
BTC, ETH, LTC and more than half of the 10 largest cryptocurrencies in the world are actually controlled by China or China. BCH is completely divided by the Chinese mining companies. The main commercial agency of the USDT in Hong Kong. BNB was founded by Zhao Changpeng CZ and other founders who reached seventh place in world market value in two years. 17 of the 21 EOS whales are in fact controlled by Chinese entities. Most of the XMR mining groups are also Chinese. Based on the above, 8 of the top 10 currencies are dominated by China. Only XRP and XLM are part of B2B. The Pi technical line is compatible with XRP and XLM. In specific niche markets and mechanisms, the market value of Pi must be in the top 10 with the participation of the Chinese community and the contribution to the ecosystem of the Pi network.

Now that Pi Network finally launched its Beta Pi apps platform for developers this Q2 of 2020. Blockchain developers all over the world finally can build their applications on Pi, whether they are already Pioneers, developers of decentralized applications on other blockchain platforms, or developers who haven’t had experience in the decentralized world yet. By deploying on the Pi Apps Platform, developers will not only help build the ecosystem of Pi Network in the process of value creation, but also be able to tap into the large and diverse Pi community globally and have a simple integration into the decentralized economy that will be an inevitable part of our future world.

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