What is Pyrin Coin #thecryptofather #cryptomining #cryptocurrency
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.
Outlines
🎥 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。
🔍 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。
🌐 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。
📈 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。
💰 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。
Mindmap
Keywords
💡cryptocurrency
💡mining
💡proof-of-work
💡transactions
💡scalability
💡confirmation time
💡DAG
💡smart contracts
💡decentralization
💡consensus
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
if you feel if you're in the mood to
support this Channel and the content
that I bring to you every day on a
regular basis hop on over to the main
page here uh join and then become a
crypto kitten or crypto cat for the
price of a coffee on a monthly basis you
help me uh with the creation of the
contents you support the channel you
tell me you appreciate it uh which I
appreciate it in return uh and
everything's hunky dory everybody's
happy but either way if you choose not
to do so I still appreciate your support
and uh you know I always appreciate the
comments uh that's a lot more important
than than anything else your presence
here your comments and uh if you want to
support the channel any other way please
make sure to share the content leave me
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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
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