Cryptocurrencies: What is Pi?

Cryptocurrencies: What is Pi?

Cryptocurrencies are the new kid on the block. They are digital currencies that are mined or created through complex algorithms. These currencies are not controlled by any central authority and are not backed by any tangible assets. Cryptocurrencies have only one goal – to offer an alternative to fiat currencies. It’s a payment system that is decentralized, with no central authority and no trusted third parties. Cryptocurrencies Pi coin are stored in digital wallets, which are accessible to anyone with an internet connection. They are also currently unregulated. But that could change. Ultimate blockchain-based currencies are already being developed, and the financial world is in the middle of a digital currency revolution. Cryptocurrencies have been called everything from a giant Ponzi scheme to the future of money. Let’s take a look at how they work and how they could change the world.