The Importance of a Fair Mining Process: Preventing Fake Accounts and Bots in Pi Network
The Pi Network is a cryptocurrency that aims to provide a secure and fair distribution of its token, Pi. To achieve this, the network has implemented several measures to prevent fake accounts and bots from mining Pi.
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One of the key methods used by Pi is the use of Google’s recaptcha v3 technology. This technology enables the network to determine if a device is being operated by a human or a machine. If the network detects that a device is operated by a bot, it will present a captcha challenge to ensure that the miner is a real person. Over time, the network is also developing a machine learning algorithm to better detect bots based on real users’ mining behavior.
Another measure used by Pi is its consensus algorithm requirement (security circles). The security circles make it easy to detect fake accounts as these accounts will not have enough real people pointing to them. In other words, fake accounts will have very few incoming pointers from real users, which is an anomaly that is easily detected by computer algorithms.
Finally, when Pi enters its third and final phase - Mainnet - only accounts that have been validated as belonging to real individuals will be honored. This validation process will further eliminate any fake accounts that may have been missed by the previous methods. The network is currently exploring decentralized KYC processes that will be minimally intrusive to users.
In conclusion, Pi Network has taken several measures to ensure a fair and secure distribution of its token. By implementing these measures, Pi aims to create a strong and sustainable network that is resistant to fake accounts and bots. Mining Pi from more than one device is not allowed to prevent abuse of the system. By ensuring a fair mining process, Pi aims to provide a level playing field for all users and build a secure and trustworthy network.
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