Is Pi Network the Future of Global Finance? What BTC, ETH, and XRP Only Hinted At

Pi Network’s token price action has been nothing short of slow in the past few weeks. However, this isn’t stopping the Pi Coin community from posting various positive content about the project on X and other social platforms where crypto discussions dominate.

One of the most vocal supporters is ‘Dr Altcoin’ who recently tweeted about Pi Network, comparing it to the three biggest cryptocurrencies – Bitcoin, Ethereum, and XRP.

How Major Cryptocurrencies Set the Stage

Bitcoin showed us that we can move away from traditional money. It was the first digital currency that worked without banks or governments. Bitcoin proved people could send money to each other directly, with no middleman.

Ethereum took things further by making blockchain participation cheaper. Unlike Bitcoin’s expensive mining, Ethereum explored ways to make the system more efficient. While it didn’t create the Stellar Consensus Protocol (that was Stellar’s innovation), Ethereum’s move to proof-of-stake made cryptocurrency more energy-friendly and accessible.

Read also: Bitcoin to New Highs? Yes, But There’s a Delay You Need to Know About

XRP focused on getting banks on board with crypto. Through Ripple’s network, XRP showed big financial institutions that blockchain transactions could work for them too. Banks started to see that crypto could make international money transfers faster and cheaper. XRP helped build a bridge between old finance and new digital money.

What Pi Network Promises to Deliver

Pi Network wants to finish what these earlier cryptocurrencies started. According to supporters like Dr Altcoin, Pi aims to make crypto truly available to everyone, not just tech experts or wealthy investors.

The biggest difference with Pi is that it works on smartphones. You don’t need special computers or technical skills to join. This makes Pi accessible to anyone with a mobile phone, including people in countries where banking is limited but phone use is common.

Pi Network offers wallets where users control their own money, just like Bitcoin promised. At the same time, Pi includes identity verification for users and businesses, which helps address the regulatory issues that troubled earlier cryptocurrencies.

For everyday users, Pi Network claims to offer very low fees and quick transactions. This matters because regular people compare crypto to convenient payment methods like credit cards and mobile payment apps.

Pi Network tries to take the good ideas from Bitcoin, Ethereum, and XRP and package them in a way that works for regular people. It wants to be the bridge that brings cryptocurrency to the mainstream.

Time will tell if Pi Network can deliver on these promises. Token’s price action is, at least for now, not delivering. But its focus on making crypto simple and accessible to everyone shows how digital currencies continue to change.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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