The cryptocurrency market is a massive opportunity for investors and companies. The total addressable market (TAM) of the industry is currently valued at $280 billion, with a very low market penetration rate of just 0.5%.
To put things into perspective, the TAM of the crypto industry is roughly half that of the global banking industry at $606 billion. Even if crypto only captures 1% of this market, its TAM would be 20 times greater than it is today.
How big do you think this industry can get? Can it be bigger than the banking industry?
In recent months, cryptocurrencies have been growing in popularity due to their digital presence and the ability for one person to use them however they want. However, many people are skeptical about the true value of a cryptocurrency and its potential to maintain a stable price over time. This can be due to many factors, such as the lack of regulations from governments, the lack of an actual physical value behind the currency, or just people’s personal opinions on it. Although these are all valid concerns about this new technological development, there is still a lot of market potential for cryptocurrency.
One factor that makes cryptocurrency such a good opportunity to invest in is that it is decentralized and not regulated by any government or bank. This allows many people to use cryptocurrency without being penalized by their country’s laws or by banks that may not support this new technology. The lack of regulations also makes cryptocurrencies safer than traditional banking since they cannot be manipulated by corrupt banks or governments that may want control over their citizens’ money.
This lack of regulation also means that you can buy and sell your own currency whenever you want without having anyone tell you how much it should cost at any given moment. For example: if Amazon suddenly increased its prices by $5 per item overnight then everyone would lose money because nobody would pay more
Pi is a project to build a cryptocurrency and smart contracts platform that is fast, free, and easy for everyday people to use.
Our mission is to boost the world’s adoption of blockchain technology by building a fast, free, and easy-to-use cryptocurrency that enables new entries into the crypto economy. We strive to deliver on the original promise of blockchain: decentralization, inclusion, and empowerment.
Our team consists of Stanford Ph.D.s in computer science and electrical engineering with decades of experience building successful technology companies. Our advisors include serial entrepreneurs who have sold over $4B worth of companies, early employees at Facebook and Uber with extensive experience in mass consumer products and growth strategies, cryptocurrency investors who have made fortunes in this space, top professors of computer science and machine learning at Stanford University, and leaders in finance and business strategy at McKinsey & Co., one of the top management consulting firms in the world. Our core team has deep expertise in distributed systems, cryptography, mobile/Internet scale system architecture, machine learning algorithms/systems, fintech product development, venture capital investing/fundraising, marketing/growth strategies for consumer products with hundreds of millions of users (e.g., Facebook), etc.
The Pi Core Team consists of Stanford
Cryptocurrency is a form of digital currency, or money, that is secured and produced by a network of computers. There are many different types of cryptos, and they often have unique features and functions. For example, Litecoin also has faster transaction times than Bitcoin, which is another popular cryptocurrency.
Cryptocurrency is created through a process called mining. This is where miners use their computers to solve incredibly difficult math problems. When the problem is solved, new cryptocurrency is created, and the miner receives a reward of a certain amount of the new cryptocurrency in exchange for their efforts.
The value of cryptocurrencies can be extremely volatile. For example, in 2017 Bitcoin saw an increase in value from $900 to over $19,000 before ending the year at $13,000. Then in 2018 Bitcoin dropped to around $6,000 before increasing back up to nearly $10,000 at the end of the year. It’s important to remember that these values are only worth what people are willing to pay for them at any given time, so it’s possible that you could make big gains or losses on your investments if you don’t know what you’re doing.
In the world of cryptocurrencies, Bitcoin continues to be the most used of all virtual currencies. There are many alternative cryptocurrencies that can be used just like Bitcoins. In this article we will talk about a cryptocurrency called Pi Coin that is not very well known yet but has the potential to become one of the most demanded digital currencies in the future.
The Pi Network was founded by 3 Stanford graduates: Dr. Nicolas Kokkalis, PhD in Computer Science; Dr. Chengdiao Fan, PhD in Computer Science and Vincent McPhillip, MBA from Stanford Business School. The Pi Network was launched in March 2019 and since then has been growing steadily with over 1 million users as of now.
What is Pi?
Pi is a new digital currency developed by Stanford PhDs that you can “mine” (or earn) from your phone without draining your battery or using data. All you need to do is to get this app on your phone and click a button every day to start mining.
How Does It Work?
Pi works similarly to other cryptocurrencies such as Bitcoin or Ethereum, but it’s much easier to use because it doesn’t require any special hardware (so you don’t need a computer specifically for mining). Instead, it uses your mobile device’s computing power (CPU
Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.
Cryptocurrency is also a store of value, some have said it could be a good replacement for Gold. Bitcoin and Etherium are the top two cryptocurrencies by market capitalization. Cryptocurrencies allow users to make secure payments, without having to go through banks. As such, they represent an excellent alternative to traditional currencies.
Cryptocurrencies are intriguing, but they have a reputation as assets for people who have already made a lot of money. There are many reasons for this, but the primary one is that investing in cryptocurrencies requires a fair amount of technical knowledge, and most people are uncomfortable with anything to do with computers or the internet.
If you think about it this is odd; when it comes to technology we don’t think twice about using things that require an understanding of how they work. We just want them to work. The trouble is, cryptocurrency was never really designed for everyday consumers. It was designed for people who make a living programming computers, and it shows.
The thing about cryptocurrency wallets is that it’s impossible to understand how they work without understanding cryptography, which leads us into a discussion about encryption and hashing algorithms which leads us into a discussion about public key cryptography and asymmetric key cryptography which leads us into discussions about elliptic curves, finite fields, and elliptic curve cryptography which leads us into discussions about the discrete logarithm problem and the integer factorization problem which leads us into discussions about computational complexity theory which leads us into discussions about quantum computing and Shor’s algorithm… at this point you’ve probably lost interest so let me just sum up what I’m trying to