PI

Overview of PCHAIN

PCHAIN (PI) is a multi-blockchain project founded in 2018 by Dr. Feng (Jeff) Cao. It aims to provide a decentralized platform for Ethereum-based applications, enabling developers to build and deploy scalable and secure dApps. PCHAIN is supported by several major exchanges, including Binance, Huobi Global, OKEx, Bilaxy, and Hotbi. It can be stored in hardware wallets, software wallets, and web wallets. PCHAIN has gained prominence in the DeFi (decentralized finance) sector, with a focus on cross-chain compatibility and interoperability between different blockchain ecosystems. It also has applications for NFTs (non-fungible tokens), fan tokens, and gaming.

Pros and Cons

Pros:

Multi-Chain System: Multi-chain architecture improves scalability, potentially making large-scale dApps feasible and efficient.

Interoperability: PCHAIN supports Ethereum assets and smart contracts, meaning it can interact efficiently with the Ethereum ecosystem.

Smart Data: PCHAINs use of an innovative data layer can support complex applications such as AI and Big Data.

Efficient consensus mechanism: The use of Delegated Proof of Stake (DPoS) can help to reduce energy consumption and provide faster transaction validation times.

Cons:

Competition: There are other multi-chain and cross-chain platforms that could outperform or be more universally adopted than PCHAIN.

Adoption and Awareness: PCHAIN is relatively unknown in comparison to some other blockchain platforms, this could potentially limit its growth and adoption.

Complexity: The advanced features and functionality of PCHAIN could mean it's more complex for users and developers to understand and use.

Dependence on Ethereum Ecosystem: Although compatibility with EVM is an advantage, it also means that changes or issues with the Ethereum ecosystem could impact PCHAIN.

What Makes PCHAIN Unique？

PCHAIN stands out in the blockchain ecosystem due to a number of unique features:

Multi-Chain System: PCHAIN is the world's first native multi-chain platform that supports the Ethereum Virtual Machine (EVM), making it possible to scale large blockchain applications in a way single-chain architectures can't manage.

Smart Data: This feature represents an innovative solution created by PCHAIN to help businesses better navigate big data. It facilitates easier interaction with blockchain, enabling users to process information more efficiently and integrate AI solutions within the blockchain ecosystem.

Cross-Chain Interoperability: PCHAIN can facilitate cross-chain transactions with other blockchains in a much faster and efficient way compared to traditional methods. This enhances liquidity and broadens the potential applications of blockchain.

PDBFT Consensus Mechanism: PCHAIN uses a variant of the delegated proof-of-stake consensus mechanism, known as PDBFT. It offers quicker block generation times, scalability, and supports forking.

Integration with Ethereum: PCHAIN is fully compatible with Ethereum, allowing developers to easily move DApps, tools, and other infrastructures from the Ethereum ecosystem onto PCHAIN. This potentially lowers the barrier for adoption of this platform.

Market & Price

PCHAIN (PI) conducted a series of airdrops in 2018 and 2019, distributing a total of 20,439,575 PI tokens to participants. The airdrops were designed to promote awareness of the PCHAIN project and to attract new users to the platform.

In addition to the airdrops, PCHAIN (PI) also has a mining program that rewards users for participating in the network. As of November 2023, there are a total of 100,000,000 PI tokens in circulation.This number is expected to grow in the future as more users adopt the PCHAIN platform.

How Does PCHAIN Work？

PCHAIN works using a multichain system a system of parallel blockchains - which enables it to process transactions and execute smart contracts in a more scalable and efficient manner compared to single-chain architectures. PCHAIN can run multiple decentralized applications (DApps) at the same time without compromising speed or security.

PCHAIN uses a validation mechanism called PDBFT, which stands for PCHAIN Delegated Byzantine Fault Tolerance. This mechanism makes use of sharding, spreading transaction load across multiple chains, thus offering quicker block generation times, scalability, and support for forks. This method allows PCHAIN to achieve consensus across large networks without consuming significant computational resources.

PCHAIN also supports Ethereum Digital Machine (EVM), meaning that it is compatible with all existing Ethereum DApps, smart contracts, and protocols, reducing the barriers for developers to migrate or start building on PCHAIN.

The Smart Data feature in PCHAIN is a patented solution to the issue of data on blockchains being unreadable by non-blockchain systems. It expands the usability and accessibility of blockchain data, making it compatible with conventional programming and AI systems.

In terms of interoperability, PCHAIN supports cross-chain transactions and thus can exchange data and value with other blockchains efficiently, which expands its use cases and opportunities for integration.

But, as always, for every concept in blockchain technology, it's crucial to conduct your own independent research to thoroughly understand how it works and whether it is suitable for your specific use case.

Exchanges to Buy PCHAIN

PCHAIN's native token, PI, can be bought on several cryptocurrency exchanges. Some of them include:

1. Binance: Binance is the world's largest cryptocurrency exchange by trading volume and offers a wide range of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/BNB, PI/BUSD, and PI/EUR.

See this link for details on how to buy PCHAIN:https://bitscreener.com/coins/pchain/how-to-buy-PI

Here's a step-by-step guide on how to buy PCHAIN (PI):

• Choose a cryptocurrency exchange: Select a reputable cryptocurrency exchange that supports PCHAIN (PI) trading. Popular options include Binance, Huobi Global, OKEx, and Bilaxy.

• Create an account: Sign up for an account on the chosen cryptocurrency exchange. Provide accurate personal information and complete the verification process to enhance security.

• Deposit funds: Link your bank account or payment method to the exchange to deposit funds. The available deposit methods may vary depending on the exchange and your location.

• Purchase PCHAIN (PI): Navigate to the trading section and search for PCHAIN (PI). Select the desired trading pair, such as PI/USDT or PI/BTC. Enter the amount of PCHAIN (PI) you want to buy and review the order details.

• Execute the trade: Once you've confirmed the order details, execute the trade. The PCHAIN (PI) will be credited to your exchange wallet.

• Withdraw PCHAIN (PI): If you want to store PCHAIN (PI) in your own wallet, you can withdraw it from the exchange. Generate a withdrawal address from your personal wallet and transfer the desired amount of PCHAIN (PI) from the exchange to your personal wallet.

Remember to exercise caution when choosing an exchange and carefully review the trading fees and terms before making any transactions.

2. Huobi Global: Huobi Global is another leading cryptocurrency exchange that supports various cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/TRX.

3. OKEx: OKEx is a popular cryptocurrency exchange that offers a diverse range of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/DAI.

4. Bilaxy: Bilaxy is a rising cryptocurrency exchange that supports numerous cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/BNB.

5. Hotbit: Hotbit is a cryptocurrency exchange that provides a variety of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/HT.

6. DigiFinex: DigiFinex is a cryptocurrency exchange that offers a selection of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/BCH.

7. BitMart: BitMart is a cryptocurrency exchange that provides a range of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/XRP.

8. LBANK: LBANK is a cryptocurrency exchange that offers a variety of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/DAI.

9. BigONE: BigONE is a cryptocurrency exchange that provides a selection of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/YTN.

10. MEXC Global: MEXC Global is a cryptocurrency exchange that offers a range of cryptocurrency pairs, including PI/USDT, PI/BTC, PI/ETH, PI/USDC, and PI/MX.

How to Store PCHAIN？

PI, the native token of PCHAIN, is an ERC-20 token and can therefore be stored in any wallet that supports ERC-20 tokens. Here are some options:

Hardware Wallets: These are the most secure type of wallets. Brands like Ledger and Trezor offer products that support ERC-20 tokens.

Software Wallets: These are applications that you can download onto your device. Examples include MyEtherWallet (MEW), Trust Wallet, or MetaMask.

Web Wallets: You can also store your PI tokens in a web wallet. These are online websites where you can store and manage your tokens. MyEtherWallet is a popular choice that supports ERC-20 tokens.

Before choosing a wallet, make sure you fully understand how to use it, and take steps to ensure your tokens are secure. Always remember to keep your private key private and secure.

Is It Safe？

The safety of PCHAIN (PI) depends on various factors, including the security of the exchanges where it is traded, the security of individual users' wallets, and the overall stability of the PCHAIN network.

Exchange Security:

Reputation and Security Measures: Choose reputable and well-established cryptocurrency exchanges that employ robust security measures to protect user funds. These measures may include multi-signature wallets, cold storage for a significant portion of funds, and regular security audits.

Personal Wallet Security:

Secure Storage: Store your PCHAIN (PI) in a secure wallet, such as a hardware wallet or a reputable software wallet. Avoid storing large amounts of cryptocurrency on exchanges, as they may be more vulnerable to hacking attempts.

Network Stability:

Monitor Network Activity: Keep updated on the latest news and developments surrounding the PCHAIN network. Be cautious if there are reports of security vulnerabilities or network instability.

How to Earn PCHAIN Coins？

PCHAIN could be suitable for a number of individuals:

Cryptocurrency Investors: Those interested in diversifying their portfolio with different types of tokens. PCHAIN's native token, PI, could be of interest due to PCHAIN's unique multi-chain architecture and EVM compatibility.

Blockchain Developers: Developers who are interested in building dApps, especially at a large scale, may find the PCHAIN platform beneficial due to its enhanced scalability and efficient consensus algorithm.

Supporters of Interoperability: For those who believe the future of blockchain lies in cross-chain transactions and interoperability among different platforms.

Tech Savvy Users: For its variety of features and focus on big data, tech-savvy individuals may find PCHAIN attractive.

Conclusion

PCHAIN is a unique multi-chain platform built for the Ethereum Virtual Machine (EVM), aimed at overcoming scalability and interoperability issues associated with single-chain architectures. It offers several standout features such as Smart Data and an innovative consensus mechanism known as PDBFT. Its native token, PI, is used within the system for transaction fees, staking, and rewards. It also supports cross-chain transactions.

Potential pros include its advanced multi-chain system, EVM compatibility, and use of Smart Data. However, it faces competitive pressures, relatively lower awareness and adoption, and a certain amount of complexity. As the platform is tightly integrated with Ethereum's ecosystem, any changes or problems there might affect PCHAIN.

FAQs

Q: What is PCHAIN？

A: PCHAIN is a multi-chain platform that supports the Ethereum Virtual Machine (EVM). It aims to improve scalability and interoperability within blockchain.

Q: What makes PCHAIN unique？

A: PCHAIN is unique due to its native multi-chain system, smart data feature, efficient consensus mechanism, and EVM compatibility, amongst other features.

Q: What is the circulating supply of PCHAIN's native token, PI？

A: The total supply of PI is capped at 2,100,000,000. However, the circulating supply changes due to various factors. A trusted source like CoinMarketCap would provide the current circulating supply.

Q: On which exchanges can I buy PI？

A: PI can be bought on cryptocurrency exchanges like Binance, Huobi Global, OKEx, Bilaxy, and Hotbit.

Q: How to store PCHAIN's token？

A: Since PI is an ERC-20 token, it can be stored in any wallet that supports ERC-20 tokens, such as hardware wallets like Ledger and Trezor, software wallets like MyEtherWallet (MEW), Trust Wallet, or MetaMask.

Risk Waring

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.