Exploring the key features of Pi Network and Core DAO and comparing their impact on the industry
Blockchain platforms Pi Network and Core DAO have become more well-known in the cryptocurrency community. Although each platform has its distinct features and advantages, many people struggle to choose which is superior. To assist you in making the best choice possible depending on your preferences, we will contrast and compare Pi Network and Core DAO in this post.
Framework
Pi Network makes use of a special consensus method dubbed the “Stellar Consensus Protocol” that enhances security and increases mining productivity. The network is designed to be easier to use and more accessible than existing blockchain platforms, attracting new users.
Core DAO, in contrast, uses the Satoshi Plus Consensus method. The Satoshi Plus Consensus method overcomes the blockchain trilemma by providing users with a decentralized, stable, and secure environment by combining the Proof of Work (PoW) and Delegated Proof of Stake (DPoS) mechanisms from Ethereum and Bitcoin.
Governance
The Core whitepaper states that the team manages the network until it reaches a suitable level of decentralization. The Decentralised Autonomous Organisation (DAO), which controls governance settings, changes the number of validators, determines the proportion of block rewards and transaction fees, among other things, is in charge of running it.
Pi Network, on the other hand, uses a Semi-DAO approach to function. This offers the core team the opportunity to exercise central control while also giving Pioneers a chance to put together a solid team that can participate in project decision-making.
Ecosystem
The Pi Network is still in its confined mainnet phase and is concentrating on widespread KYC acceptance and ecosystem infrastructure development. The protocol’s hackathon attracted numerous creative projects interested in constructing on its blockchain as part of its aspirations to develop infrastructure.
After launching its mainnet on January 14, Core DAO is ahead of the ecosystem development curve. Since then, the blockchain platform has amassed over 200 distinct protocols that provide customers access to a wide range of business use cases.
Pioneers may counter that Pi Network has the finest projects and tools, but we cannot question Core DAO’s development until the Pi core team publishes the mainnet.
User Advantages
They both provide special advantages for users aside from the project’s development on them. Users of Pi Network may mine money on their mobile devices inside a contained mainnet, which is its main perk. Additionally, the protocol aims to make cryptocurrency accessible to all users. In this essay, we go into greater detail about the advantages of mobile mining blockchain.
Users of Core DAO can gain from staking on the network to assign their $CORE to validators. A more thorough explanation of the procedure may be found HERE on BSC News.
Which Blockchain is Better?
In the end, the response to this query is based on your requirements and preferences. For people who are unfamiliar with blockchain technology or want a user-friendly, energy-efficient platform to mine money for free, Pi Network could be a better option. However, Core DAO might be a better option for those looking for community-driven governance and a fresh blockchain to work with.
It’s crucial to remember that Pi Network and Core DAO are both still very young and haven’t cemented their positions in the cryptocurrency market. The amount of operationally active projects on the mainnet, however, gives Core DAO an advantage in this context.
The Pi hackathon revealed novel protocols in its testnet environment, showcasing the value of the Pi Network. In contrast to the traditional PlayToEarn (P2E), GameFi, and Non-Fungible Token (NFT) trend, users were introduced to novel features of blockchain interactions. On the other side, Core DAO has quickly generated a number of these trends in the cryptocurrency industry, including Decentralised Exchanges (DEX).
Both protocols began with a mining strategy, but the goal is to build a completely decentralized environment from which users and developers may profit. After launching the mainnet, Core DAO is ahead in creating a complex ecosystem for builders. Since entering the market in 2018, Pi Network has not yet launched its mainnet for actual interaction.
However, the ecosystem of Pi Network’s testnet serves as a model for the ecosystem of the mainnet. The Q1 2023 hackathon had over 360 proposals, and the mainnet launch is expected to result in numerous creative ideas. Core DAO currently has the advantage because it is fully functional.
What is Pi Network?
With the help of the innovative Pi Network cryptocurrency and developer platform, mobile users may mine Pi coins without harming their devices’ batteries. Through a mobile meritocracy system and a full Web 3.0 experience, Pi’s blockchain secures financial transactions and enables community developers to create decentralized applications (Dapps) for millions of users.
What is Core DAO?
The decentralized organization responsible for creating the Satoshi Plus ecosystem is called Core DAO. It gives a chance for miners to have access to new sources of income by adding hash power to the chain. Core demonstrates a strong appreciation for the history of the crypto ecosystem and an even greater excitement for Core’s role in its future by drawing inspiration from the concepts of both blockchains.
