JAKARTA Crypto mining has become a problem for a number of parties, especially related to high electricity consumption. Pi Network comes with a new mining solution using mobile phones without having to drain the power and battery of the device.
According to a BSC report, Blockchain Pi not only secures economic transactions through a mobile meritocracy system, but also a complete Web3 experience where community developers can build decentralized applications for millions of users.
On January 9, Pi Network started the Pi Hackathon event. In the event, there were 1,800 projects that had registered to participate in Pi Network Hackhathon. This is a new opportunity to develop the network before the launch of the Pi Network mainnet.
Pi Network Hackathon will take place from January 9 to February 28, with prizes of more than US$30,000 up for grabs. Hackathon will be the second in Pi Network history, with the first being held in October 2021.
In this latest Pi Hackhathon event, it will focus on three themes, namely social media, games and entertainment, as well as consumer utilities. Participants are also welcome to make any innovations they choose.
The hype for the Pi Network hackathon is huge. Hackathon is a great opportunity for projects participating in the Closed Mainnet to showcase their work to a larger audience while also providing new projects with the opportunity to build on a closed Pi Network.
The leading Co-Founder and CFO BSC News, and influencer Pi, Ben Antes, believes the hackathon will attract the attention of venture capitalists. This VC concern could be a friendly sight for the projects of Pi Network that have been built behind closed doors for years.
My guess is that this hackathon will get a lot of attention from the venture capital world. I hope a lot of great projects get the attention they deserve to build high-quality Dapps. And then everything is delivered quickly and the mainnet opens up :-)," wrote Ben in a Twitter post @kcryptoinvest, January 9, 2023.
The crypto community, especially the Pi community, hopes that the project can make a big step with a focus on the three themes above. They also hope Pi Coin can have greater utility. Pi Coin is still not out of the network because it is being developed behind closed doors. A number of crypto exchanges outside have also started registering unofficial Pi coins.
In the end, Pi Network Hackathon's success will depend on the launch of the mainnet by the Core Team. The timeline for integrating successful projects and apps will be key, as many projects on Pi Network already face financial difficulties due to a lack of fiat connections to Pi Coin.
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