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NETWORKS

The Pi Network:
https://minepi.com/MagicTuna
Invitation Code: MagicTuna

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-The Bee Network--

Bee Network is a new blockchain innovation that provides gamified experience for users to earn Bee, a cryptocurrency that you can mine on your mobile phone.
By playing the roles of Miner, Referrer and Verifier, Bee Network players will earn rewards in Bees. In order to make Bee valuable, Bee Network is specially designed as a network consisting of genuine people which fosters players to exchange goods, service and expertise in real life with their Bee balance and eventually list Bee on major cryptocurrency exchanges for trading Bee with fiat money.

There are three main roles in Bee Network - Visioner, Ambassador, and Verifier. Once you have pressed the thunder button to kick start your 24-hour mining session, you will earn Bee with the formula of (base rate) + (base rate) x 25% x (number of active miners in your earning team) in the next 24 hours until your mining session ends.

Bee Network is a Decentralized Autonomous Organization (DAO) organization whose essential operations are automated agreeing to rules and principles assigned in code without human involvement.

The naming of Bee Network is inspired by the concept of Hive Mind taken from the reputable publication Out of Control: The New Biology of Machines, Social Systems, and the Economic World by Kevin Kelly.

PI NETWORK SUMMARY


Pi Network is an experiment to create the first digital cryptocurrency that can be mined on a mobile phone.

It is an attempt to create a decentralized open-source blockchain that is eco-friendly. It was created by three Stanford University graduates Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip.

Dr. Nicolas Kokkalis, the head of technology, had previously co-founded Gameyola, a monetization and distribution platform for casual Flash games on social networks, and is the instructor of Stanford University’s first decentralized applications class; combining distributed systems and human-computer interaction to bring cryptocurrency to everyday people.

Vincent McPhillip, the head of the community, had also previously co-founded The Stanford Blockchain Collective, a cross-disciplinary student club across the engineering, business, and law schools.

Unlike bitcoin with its proof-of-work consensus protocol, Pi, the cryptocurrency generated by Pi Network miners as a reward for mobile activities performed to secure the blockchain, is built on the Stellar Consensus Protocol (SCP).

The Stellar Consensus Protocol (SCP) requires several nodes to cast ballots on transaction validity, an activity that requires less computing power compared to bitcoin's proof-of-work consensus protocol that depends on nodes that require lots of electricity which, consequently, has negative effects on the environment because of the carbon emissions that results from bitcoin mining.

All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, [email protected], and we can sort it out.

DISCLAIMER: These videos are for entertainment purposes only. This is not meant to be financial advice. Please always do your due diligence and never stop learning.

AFFILIATE DISCLOSURE: Some of the links in this video description are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or opt-in.


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