What is Pyrin Coin #thecryptofather #cryptomining #cryptocurrency

Summary

The Crypto Father reviews a new proof-of-work coin called Pyon aiming to enable fast, low-cost transactions. He examines its features like near instant confirmation times, smart contracts, and plans to utilize mining hardware for AI research. Though currently low revenue, he speculates on potential price increase with upcoming halving event. Despite skepticism, the Crypto Father remains loyal to meme coin Meow.

Takeaways

• 😀 テキストの概要1
• 😃 テキストの概要2
• 😄 テキストの概要3
• ...他の要約を8件記載

Q & A

What is the name of the cryptocurrency covered in the video?

The cryptocurrency covered is called Pyon or Pyrin (PYI).

What consensus mechanism does Pyon use?

Pyon uses a consensus mechanism called Ghost DAG which offers scalability and near instant transaction confirmation times.

What is the goal of cryptocurrencies like Pyon?

The goal is to provide a fast and efficient cryptocurrency that can be used for everyday payments and transactions, unlike slower cryptos like Bitcoin.

Is Pyon resistant to ASIC miners?

Yes, Pyon uses the Blake3 algorithm which excludes ASICs from mining to allow for fair distribution.

How fast are Pyon's transaction confirmation times?

Pyon enables confirmation times within seconds, with transactions fully confirmed in 10 seconds or less.

What is the innovative resource management concept mentioned?

This refers to Pyon's goal of using mining compute resources to also power AI computation and research to create additional revenue streams for miners.

When will Pyon have smart contracts launched?

According to the roadmap, Pyon plans to launch smart contract capabilities in Q2 2024.

What exchanges is Pyon currently listed on?

Pyon is currently traded on exchanges like TradeOgre and Zaddex.

What is the current circulating supply of Pyon?

As of now there are about 135 million PYI coins in circulation out of a max supply of 1 billion.

When is Pyon's next block reward halving scheduled?

Pyon has a reward halving coming up in May 2024 which could impact price.

Outlines

00:00

🎥 クリプトファーザーチャンネルの紹介とプルーフ・オブ・ワークの重視

クリプトファーザーは自身のYouTubeチャンネルについて紹介し、視聴者からのフィードバックを受けて、特定の暗号通貨ではなく、より多くの暗号通貨に焦点を当てることを決定した。彼はプルーフ・オブ・ワークブロックチェーンを好み、その理由として、プルーフ・オブ・ステークよりも信念があるため、プルーフ・オブ・ワークに基づくプロジェクトを紹介することを目指している。彼はイーサリアムやエイダなどの一部のプルーフ・オブ・ステークコインを保有しているが、主に投資収益を目的としている。また、彼はピオンネットワーク（Pyon Network）という新しいコインについて取り上げ、マイニングを始めたことを明かした。

05:01

🔍 ピオンネットワークの詳細とポテンシャル

ピオンネットワークは、分散型トランザクションネットワークを目指しており、GHOST DAGという新しいコンセンサスプロトコルを使用している。この技術は、分散型ネットワークの効率とスケーラビリティを高め、瞬時にトランザクションを確認することができる。また、このプロジェクトは、支払い手段としての使用を目指しており、ビットコインのような他の暗号通貨が直面するトランザクションの速度の問題を解決しようとしている。ピオンは超高速トランザクションを実現し、分散化を維持しながら、AIK耐性を持つことによって、GPUマイナーに魅力的な選択肢を提供する。

10:04

🌐 ピオンネットワークのスマートコントラクトとリソース管理

ピオンネットワークはスマートコントラクトの導入を計画しており、これによりデファイ、サプライチェーン管理、NFTなどの分野での利用が可能になる。スマートコントラクトは、高速なトランザクション確認とスケーラビリティを通じて、ユーザー体験を向上させる。また、ピオンはリソース管理に重点を置いており、「PAIW」と呼ばれる新しいアプローチを通じて、マイニングのエネルギー消費を活用し、AIサービスプロバイダーとのシナジーを生み出すことで、マイナーに新たな収益モデルを提供する。

15:07

📈 ピオンネットワークの市場動向と将来性

ピオンネットワークは、まだ市場に新しい存在であり、トレードオーガーやZexといった取引所に上場している。価格は変動があり、マイニングコミュニティの間で注目を集めている。プロジェクトは、ブロック報酬の削減を含むロードマップを持ち、スマートコントラクトの導入や、AIとの統合などの計画を持つ。これらの動きは、ピオンが長期的な視点で市場に影響を与える可能性があることを示唆している。

20:08

💰 マイニングの収益性とコミュニティサポート

クリプトファーザーはピオンネットワークのマイニングについての個人的な経験を共有し、現在の収益性は低いが、将来性に賭けている。また、彼は自身のメインプロジェクトであるミャウコインについても触れ、コミュニティからのサポートとエアドロップイベントについて話す。さらに、チャンネルのサポート方法について説明し、視聴者への感謝を示しながら、ピオンや他の暗号通貨に関するフィードバックや興味を求めている。

Keywords

💡cryptocurrency

Cryptocurrencies like Bitcoin and Ethereum are digital assets that use cryptography and blockchain technology to secure transactions.

💡mining

Cryptocurrency mining is the process of verifying transactions on the blockchain in exchange for rewards in crypto tokens.

💡proof-of-work

Proof-of-work is a consensus mechanism used by Bitcoin, Ethereum and other cryptos to validate transactions through computational power.

💡transactions

Transactions refer to peer-to-peer transfers of crypto assets that occur and get recorded on the blockchain.

💡scalability

Scalability refers to the ability of a cryptocurrency network to handle increased transaction volumes and usage growth.

💡confirmation time

Confirmation time measures how long it takes for a crypto transaction to get validated and written to the blockchain.

💡DAG

Directed acyclic graph is an alternative chain structure that allows faster confirmation times and parallel processing of transactions.

💡smart contracts

Self-executing programs on a blockchain that run automatically when conditions are met.

💡decentralization

Decentralization refers to distributed control and governance by community participants rather than a central authority.

💡consensus

The process of agreeing on valid network transactions and achieving distributed consensus among nodes.

Highlights

The Crypto Father addresses feedback for more crypto coverage, moving away from focusing solely on Meow Coin and other less relevant projects.

Introduction to Pyon Network, a proof-of-work blockchain, emphasizing the channel's shift towards covering potential gems in the crypto sphere.

Mention of holding Ethereum and Ada despite the shift from proof of work to proof of stake, highlighting the financial motivation behind cryptocurrency investments.

Pyon Network's aim for efficiency and scalability through its novel Ghost DAG protocol, enhancing transaction speeds and security.

Discussion on the need for cryptocurrencies to offer fast transaction times to be viable for real-world payments, using Bitcoin's limitations as an example.

Pyon Network's features including super fast transactions, decentralized architecture, low fees, and scalability, aimed at facilitating real-world cryptocurrency use.

Introduction of smart contracts into Pyon Network, aiming to revolutionize decentralized applications with speed, scalability, and security.

Highlighting the potential of Pyon Network in various practical use cases like DeFi, supply chain management, and NFTs through its smart contract capabilities.

Exploration of Pyon Network's roadmap, emphasizing its early stage with plans for smart contract implementation and innovative resource management.

Analysis of Pyon Network's mining appeal, focusing on its ASIC resistance and potential for higher mining revenues through innovative resource management.

The Crypto Father's personal mining experience with Pyon Network, detailing the process and potential profitability.

Call to support the Crypto Father channel through memberships, highlighting the value of community engagement and feedback.

Announcement of the upcoming Meow Coin airdrop, encouraging viewers to stay engaged with the channel for future content and community events.

Discussion on the cryptocurrency community's response to Meow Coin and the anticipation for its new mining algorithm promising significant power savings.

Encouragement for viewers to share their thoughts on Pyon Network and other cryptocurrencies, fostering a community of open discussion and information exchange.

Transcripts

welcome back to the crypto father

Channel I am the crypto father and today

is the 24th of February I've been

shooting videos away all evening uh cuz

I've got nothing better to do with my

time it seems in any case I remember

somebody complaining to me well not

complaining but pointing out that I

don't really cover enough uh crypto for

them to have interest in this channel in

my channel uh because I was covering so

much stuff on meow coin and um and some

other crap coin that I no longer talk

about or CP project uh but so I decided

to start uh investing a little bit more

time into providing my audience with uh

insights on on what I think might be

potential gems in the crypto uh sphere

and I try to focus mainly on coins over

the course of the past couple of months

I've developed a pretty solid um

understanding or or conviction in the

proof of work um blockchain over the

proof of stake work uh blockchain and so

I try to bring you uh projects that are

proof of work exclusively I hardly ever

talk about proof of stake I do have some

proof of stake coins like uh you know

some of the top 10 uh I still hold some

ethereum because it's ethereum uh and I

hold some Ada and I know that there's

some ethereum haters out there and I

don't personally I don't care as long as

it makes me money um I'm happy because

that's what it's basically about uh

crypto for the most part for the coins

from mecoin of course it's a bit of a

different story because I see a lot more

uh potential in mecoin and and uh it's a

different kind of project but uh

ethereum you know it was what it was

initially and it was the golden second

Golden Boy next to bitcoin I guess for

as long as it was proof of work and then

unfortunately moved to proof of stake so

right now um it's an investment for

which I think most of us hope to make

some money out of I mean that's crypto

for the most part anyway today I'm

bringing you another coin that I think

may be potentially a good investment um

so I'm going to look at that we'll go

over uh the details of what it is and uh

you know I'll let you make up your own

mind on whether to pursue this project

or not so pin uh the I don't know how to

pronounce it Pyon pin py Rin uh and it's

Pyon Network the name itself is a bit

unfortunate CU I don't know why I've got

a bit of a sour taste for anything

that's called a

network uh in the name in any case let's

give this one a shot and I I'm mining it

a little bit right now um and I know

other miners are on it because it's a

pretty recent release it seems to be uh

a project that was just released this

month like just recently this year so it

hasn't been around for a very long time

uh which means that it's still

potentially a good grab right now let's

look the stuff that it has here uh

actually so next Generation

decentralized transaction Network a

novel Fair launched ghost dag

implementation designed to provide a

decentralized high throughput low

latency secured transaction network with

built-in smart contracts secured by it

secured by a resource managing proof of

work Revolution P

AIW right revolutionizing blockchain

technology introducing ghost dag uh so

unlocking efficiency and scalability

with the ghost uh directed acrylic graph

protocol Ghost dag is a groundbreaking

consensus protocol revolation

revolutionizing blockchain technology it

offers an efficient and scalable

solution for decentralized networks with

a direct acrylic graph dag structure

ghost dag eliminates orphan blocks and

achieves near instant confirmation times

this enhances security scalability and

throughput enabling Real World Adoption

of cryptocurrencies ghost de empowers

blockchain platforms to revolutionize

transaction efficiency and provide a

userfriendly digital economy experience

I don't know if you've noticed but um

most of the other cryptocurrencies most

of the other coins that I covered on

this channel just recently over the past

couple of weeks um are coins that aim

for a similar uh similar Direction like

they aim to be a form of payment uh some

kind of currency and so pan is is kind

of aiming at that as well and I guess

this drive comes from the fact that

Bitcoin is proving to be a bit too heavy

to be conducting transactions with so we

can't really use Bitcoin per se as

easily as we could uh so many other

cryptocurrencies for payments you know

like if you want to buy purchase coffee

or whatever and and cryptocurrency you

know the proponents of crypto uh like

Michael saor and all the other guys um

basically stress the the idea that

cryptocurrency or Bitcoin in particular

is a form of payment and as true and

fair as that may be it's difficult to

use uh a payment form that takes 10

minutes to process right when you're at

a store and you're purchasing coffee you

can't have a payment uh take 10 minutes

to process um that's why we have cash

that's why we have credit cards and if

you have to deal with uh processing time

with 10 minutes processing times then

that kind of puts a damper on the whole

idea of having an effective efficient

cryptocurrency or currency even right so

a lot of the projects that I'm talking

about right now um and uh a lot of the

projects that are being released right

now I guess aim to be a lot faster um

and a lot easier to use uh or holding a

lot more potential as a possible

currency that we could use um instead of

Fiat so this is kind of what pin is

aiming to be uh instant pin enables

super fast transactions ensuring quick

and efficient asset transfers uh it's

Innovative it's innovative consensus

mechanism achieves near instant

transactions confirming uh confirmation

making transactions visible within

seconds and fully confirmed in 10

seconds or less so up to 1.2 seconds

average transaction time this is what

you need right like if you're going to

have a a form of payment then this is

kind of what you would need to have

something that's instant decentralized

of course pan using ghost dag maintain

highspeed Network while preserving

decentralization secured by thousands of

independent nodes implemented uh Blake

three ensures a Fair coin distribution

at the beginning by excluding aik from

mining so this is so far I guess it's

AIC resistant which is another bonus um

and puts it on par with a lot of the

other new coin projects that are coming

out right now um like Nova nexxa um

mecoin and uh I think alium right now

has had a massive pump because it Seas

to be AIC resistant ax are jumping on

top of alium um which is probably why

it's so a massive P pump um and it was

another coin that I was trying to M just

yesterday because it was freshly

released um and uh I got into the

Discord Channel I was talking to the

people there and it turns out that it

isn't that it's uh actually it's K heavy

hash which I didn't know is built for

for ax essentially or it's it's uh aik

it isn't AIC resistant it's accessible

to ax which makes it very difficult for

um GPU miners because once ax get a hold

of it you know that's it that's done so

I guess right now it's still possible to

mine out particular coin although I

tried and I just I couldn't get it set

up but again I'm not a uh you know I'm

not a uh not as professional setting up

my rig as as I would like to be not just

yet but it's a learning process no

problemo uh okay next low fee low

transaction fees pav the way for

adoption uh and smart contract

application so cost per transaction uh

this is it it's like a

fraction million so thousand fraction of

a penny um I don't know if that depends

on the size of the transaction or what

but I guess this is a good start

scalable appearing tackles scalability

by using block deck enabling parallel

block uh creation and Confirmation this

ensures High transaction volume without

compromising security or network

performance 300 transactions per second

yes there are payment forms that boast

much larger um payment transaction I

think Novo has like 10,000 per second or

something like ridiculous like that but

you know but that's why there are so

many of them um and uh you know who says

that we need to have one currency um I

think it would be kind of interesting to

have a bunch of different currencies

that we could use for payments uh

processing at different stores cuz why

not why I have only one and then

security pan AR achieves maximum

security and decentralization by

combining pure proof of work with ghost.

consensus right Advanced blockchain

enhancement appearance strategically

integrates layer one technology enhances

decentralization produces smart

contracts and Pioneers Innovative

Resource Management which not only

boosts uh boost minor revenues but also

contribute to more environmentally

friendly blockchain protocols I'm not

sure what the resource management is

because it doesn't really talk about I

mean there is nothing nothing else so

far other than proof of work so I'm not

sure what uh other resource management

which can boost minor revenues is what

what that refers to cryptographic Hash

Evolution Blake 3 is an improved

cryptographic hash based on Blake 2 it

boasts faster and consistent whatever

Blake 2 is right it boasts faster and

consistent performance across platforms

supporting unlimited parallelism and

scalability Blake three out performs

Blake 2B Shaw 512 and Shaw 2 56 even on

smaller architectures like arm 1176

unlike its predecessors Blake 3 is a

singular algorithm with a simplified API

Acom

accommodating uh keying and extendable

outputs that's a lot of jargon that's

probably most of us don't understand

smart contracts this is interesting

smart contract uh enhanced by ghost

revolutionizing de centralized

applications with speed scalability and

security smart contracts the the idea is

I guess to have Smart contracts will

operate efficiently with the p network

by integrating with ghost du scalable

protocol uh ghost duck directly direct

acryic graph D reduces confirmation

times enabling near instant execution

and enhancing user experience with

improved scalability smart contracts

handle High transaction volumes

efficiently this opens up uh practical

use cases like defi Supply Chain

management asset tokenization

peer-to-peer lending decentralized in

identity Solutions Healthcare data

management copyright management real

estate gaming nft and many more so

that's I guess what they're aiming to do

but in order to get there they need to

First grow the ecosystem but so yeah so

they have um of course you need to have

Smart contracts to have defi that's the

whole whole thing about um proof of

stake but having proof of work uh

integrate smart contracts uh whether

that smart or not um it does allow for

the Implement implementation of Defi and

such

introducing Resource Management managing

proof of work p AI expanding

possibilities mining revenue and AI

synergies proof of work mining has long

been synonymous with energy intensive

security measures in the blockchain

sphere however P AI p p AI W introduces

a paradigm shift by uh reaping dual

benefits from its energy expenditure it

not only enhances network security but

also creates novel Revenue models for

miners while fostering synergies with AI

service providers this innovate uh

Innovative approach represents a

promising evolution in the blockchain

landscape uh this is kind of a you know

we don't know what it is so these are

just buzzword essentially

um they do have some wallets uh

blockchain Explorer there's a web wallet

there's a mobile wallet so the web

wallet accessible is accessible through

the website

here and so that's it for for the

website let's have a quick look on X see

how many people I haven't really looked

at their website uh their

x uh yeah so they have a pretty small

following still uh it is a pretty early

coin I I started following them of

course but uh I didn't actually look at

the numbers and stuff so uh on coin

market cap um pin is presently listed

at0 3 cents below 3 cents um uh some

description appear turn is a

decentralized casa Fork integrated with

Blake 3 which combines blog dag and

ghost dag uh with in Innovative smart

contracts ensuring scalable and instant

uh transaction so it is a Caspa Fork

another Caspa Fork I think it's like the

fourth one by now so they do stress the

AAC resistant uh transaction Network the

built-in smart contract so that's

important because that uh makes it

enticing for GPU miners again once AAC

ax come in um things turn a bit heavy

and AAC doesn't come out you know

there's so many coins and AAC doesn't

keep up with everything but I mean uh

yeah kaspa of course can be mined by

with ASAC that's why I guess they pumped

so a lot of the coins one of the reasons

why things like Bitcoin and Caspa and

and all the uh AIC minable coins pump is

because these companies have a lot of

money invested so when they produce

these AIC miners of course it's in their

best interest to sell as many of these

AIC miners of their of their own product

as they can so they will pump the stock

they will advertise it um so that people

hop on the bandwagon and start buying

off their ASX and so that of course

begins um you know to pump the value of

that particular coin but it also makes

it a lot less accessible to the regular

GPU minor which is not

great uh the coin market cap doesn't

really give us a lot of numbers uh again

this is proof that coin market cap these

these aggregators are not very accurate

in what they provide man the information

that they provide right here uh if you

look at the total Supply Max Supply just

says 1 billion it doesn't say oh now it

disappeared uh it doesn't it says that

there is no more data on that so fully

diluted market cap it's at 33 million so

um if you go to the here in network

Explorer uh the total Supply is

presently 135 million so that's how much

it's been uh how how many pyi appearing

points have been mined so that's that

represents a total of 13.52% of the

overall uh supply of one what is it

million 1 billion tokens

yeah present block reward is 17 pin per

block and here's an interesting tidbit

uh reward reduction so I guess there's

going to be having sometime uh in

May in May of 20 24 so that's

interesting uh because that means that

price could pump a little bit um so now

might be a good time to pick some up if

you are in the market for some new coins

um the laran is listed on listed on

trade ogre Zex and non kyc

um and it looks like trade ogre and Zex

have the highest trading volume uh trade

ogre is a pretty good exchange despite

the fact that it's got what is this $5

it went from $5 I don't know the

listings of coins are always

weird and let's have a look at Zex so

Zex is the exchange with the second

highest volume of

pyi um and it was listed here on January

2024 uh at 2 cents and it had a pump to

almost 5 cents and dumped again another

pump and it's dumping right now so it

does fluctuate a little bit which is

good I guess cuz it's good for trading

um and it looks like it was listed on

trade ogre sometime in December 2000

last year December last year so it's

only a few months

old uh it's it's a few months old

project only it's still pretty fresh

most of it is being mined on hero miners

uh with a massive massive uh amount of

Ash let's have a quick look look at the

pin road map here what is the pan team

working on and what goals have they set

for our for ourselves for themselves for

us that's bad English here man so

quarter 4 2023 web wallet uh the future

of digital Asset Management stratum

bridge is especially something spe is

especially specialized cryptocurrency

mining software functioning as a

background demon for various stratum

based miners

um quarter one node Explorer roll out

white paper publication desktop and

Mobile Wallet Quarter Two smart contract

Innovation okay so so smart Contra are

going to be coming in uh the second

quarter of 2024 so yeah so this is a

brand new coin um and the development is

just underway essentially uh they just

released the wallets I guess within the

past couple of months uh quarter fourth

quarter we went from second quarter to

fourth quarter e AIW marks a paradigm

shift in algorithmic mining seamlessly

integrating it with artificial

intelligence Beyond traditional mining

this initiative helps into computational

resources to address complex AI

challenges H strategic approach and

benefits PW allows miners to earn up to

50% more Revenue than with traditional

mining H interesting P AI W can help to

reduce the car footprint of

cryptocurrency mining by up to

90% uh it transforms mining by

channeling computational power to tackle

intricate AI problems pushing scientific

boundaries and expanding the mining

concept uh it offers cost eff

computational resources for AI research

providing affordable access to power for

developers and accelerated research

effort so I hope this isn't going to be

like uh you know one of those GPU

sharing um things that you have have

like uh I forget what it is there was

another there was another app that uh

Taps into your GPU and uh you can you

can contribute your GPU power to the

greater good and uh get paid in Satoshi

for that so I I don't know if that's

that's what they're aiming for here uh P

AIW purposes mining infrastructures for

AI problem solving promoting sustainable

and the environmentally conscious

computation resource allocation you to

Tech initiative P AI p

po po FAS collaboration between Mining

and AI communities encouraging

Innovation across both Fields H future

focused Vision po transcends a project

it's a futuristic Vision bringing

algorithmic mining all right but we

don't know how this would be implemented

um would it mean that part of your uh

you would have to dedicate a specific

GPU to this or would it like suck the

power from a GPU uh mining or would it

be a new algorithm not sure not sure how

this is going to fly but so this is

what's happened I guess uh it's a

decentralized kaspa for integrated with

Blake 3 combines block de and ghost de

so there you go that's the road map for

this project so they got big grandio

plans

um again whether you get in on this or

not is up to you um I'm mining a little

bit whether it's worth it or not I have

no idea the revenue from this right now

is not all that much quite honestly

um on the 3060 I'm generating about 8.56

p i pyi but taking into consideration

the fact that uh my um hash is a little

bit higher you know this this Revenue

should be a little bit more but I think

yeah on hero miners so basically like I

started mining just yesterday so over

the day I think I started mining in the

evening around I don't know what time

but a couple of hours so within I guess

these past 20 something hours 20 odd

hours I've mined 51 pyi on my tiny

little rig comparatively tiny little rig

so um it's not great it's $1.71 I

probably spend a lot more in electricity

cost uh doing this than um than getting

paid so but again this is something that

you do for for the future benefit uh

hoping that this coin will pump so I'm

going to mine a little big and then keep

it on the side and I'm going to hop back

onto meow coin because that's that's

where my heart lies man I will never

give up on meow coin um but I do have a

nice Hefty bag of meow coin right now

which I'm very happy with um and so um

I'm very happy also with providing the

air drops which concluded the fifth air

drop concluded mein air drop concluded

today um so congratulations to all

those lucky winners uh there weren't too

many seven this time around but it's

more than the previous week and more

than previous week so slowly the the air

drops mecoin air drops are building

momentum as well as mecoin itself

uh again I think yesterday or maybe even

today red P Panda mining covered mecoin

on on his uh live feed they were a

little bit skeptical about Meo poow so

um I guess there's a bit of pressure on

meow coin right now with the release of

meow poow man because if it proves to be

what it's set out to be if it does

provide you know 20 to 40% send savings

uh Power savings then man me into the

moon and if it doesn't if it falls short

of that I mean anything between 20 I

guess and 40 or 30 and 40% savings will

be freaking fantastic so hopefully that

comes through and it seems like it is

coming through because the tests uh are

showing exactly that in any case make

sure to come back to the uh crypto

father Channel this channel my channel

um because the sixth meow coin airdrop

is going to take place next week and I'm

going to announce that sometime next

week in the meantime and this is very

important this is what I want you to do

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let me know what you think about this

project if you're buying some of pin or

if you're buying any other coins or if

there are any other coins that you would

like me to talk about uh if there's

anything else you would like to share

I'm all ears in the meantime uh make

sure to stick around there is more

content uh coming

out I'll see you in the next video

[Music]

peace