Pi Network and Core DAO: A Closer Look at Two Emerging Blockchain Platforms

Pi Network and Core DAO are blockchain platforms that have been gaining popularity in the crypto world. While both platforms have their unique features and benefits, many are faced with deciding the better of the two. In this article, we will compare and contrast Pi Network and Core DAO to help you make the best decision based on your preference. 

Framework

Pi Network uses a unique consensus algorithm called the "Stellar Consensus Protocol" that allows for more efficient mining and better security. The network is designed to be more accessible and user-friendly than other blockchain platforms, making it appealing to novice users.

In contrast, Core DAO employs the Satoshi Plus Consensus mechanism. The Satoshi Plus Consensus mechanism combines both Bitcoin’s Proof of Work (PoW) mechanism and Ethereum’s Delegated Proof of Stake (DPoS), which solves the blockchain trilemma by offering a decentralized, stable, and secure ecosystem for users.

Governance 

According to the Core whitepaper, the team oversees the network until it reaches a point of sufficient decentralization. Hence, it is managed by the Decentralized Autonomous Organization (DAO), which regulates governance parameters, alters the number of validators, sets the percentage of block rewards and transaction fees, and more. 

On the other hand, Pi Network operates in a Semi-DAO model. This allows the core team to have central authority but gives Pioneers a chance to form a strong team that can contribute to the project’s decision-making. 

Ecosystem

Pi Network is still in its enclosed mainnet, focusing on mass KYC adoption and building ecosystem infrastructure. The protocol’s hackathon was part of its plans to build infrastructure, attracting many innovative projects interested in building on its blockchain. 

Core DAO is ahead in ecosystem development after launching mainnet on January 14. Since then, the blockchain platform boasts over 200 unique protocols offering users numerous use cases in the industry. 

Pioneers might argue that Pi Network boasts the best projects with the best utilities, but till the Pi core team launches mainnet, we cannot undermine Core DAO’s progress. 

User Benefits 

Away from the project’s building on both platforms, they offer unique benefits for users. Pi Network’s key benefit for users is the ability to mine coins with their mobile devices while in an enclosed mainnet. Further, it is part of the protocol’s goal to make cryptocurrency available to every user. You can learn more about the benefits of the mobile mining blockchain in our article. 

For Core DAO, users can benefit from delegating their $CORE to validators via staking on the platform. BSC News has a more detailed explanation of the process HERE. 

Which Blockchain is Better?

Ultimately, the answer to this question depends on your specific needs and preferences. Pi Network may be a better choice for those who are new to blockchain technology or are looking for an energy-efficient and user-friendly platform to mine coins for free. On the other hand, Core DAO may be a better fit for those interested in community-driven governance, including a new blockchain to interact with. 

It is important to note that both Pi Network and Core DAO are still relatively new and have yet to establish themselves in the crypto world fully. However, Core DAO has an edge in this light due to the number of active operational projects on mainnet. 

In terms of utility, the Pi hackathon showcased Pi Network’s possibilities, unveiling unique protocols in its testnet ecosystem. Users were exposed to new aspects of blockchain interactions, away from the usual PlayToEarn (P2E), GameFi, and Non-Fungible Token (NFT) trend. On the other hand, Core DAO has produced many such trends in the crypto space, including Decentralized Exchanges (DEX), within a short period of time. 

Both protocols started with the mining scheme, but the idea is to create a fully decentralized ecosystem where developers and users can benefit. For Core DAO, it is ahead in establishing an elaborate ecosystem for builders after launching mainnet. Pi Network, since coming to the space in 2018, is yet to launch mainnet for real interaction. 

Nevertheless, Pi Network’s testnet ecosystem is a blueprint of what the mainnet ecosystem would look like. With over 360 submissions during the Q1 2023 hackathon, mainnet launch is set to produce many innovative projects. In the meantime, Core DAO has the edge because it is fully operational. 

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What is Pi Network?

Pi Network is a mobile mining blockchain with an application that lets people earn Pi coins by doing simple tasks on their phones. However, the project remains in its development stage with delivery of an open mainnet still a matter of speculation, with no launch date confirmed. 

With this in mind, the protocol remains in its testnet stage and will apparently go live when many users (Pioneers) complete the mandatory KYC procedure while the core team works on developing its ecosystem.

Pi Network is also reported to be under investigation by authorities in Vietnam and users should exercise a high degree of caution when interacting with the project and ensure they have conducted sufficient research before doing so.

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord

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