What is Pyrin Coin #thecryptofather #cryptomining #cryptocurrency

The Crypto Father

25 Feb 202424:18

Summary

TLDRThe 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.