Pi Chain

PiChain relies on the Polygon Edge framework to build its standalone, EVM-compatible blockchain. EVM stands for Ethereum Virtual Machine, which means that this smart contract-capable platform will be compatible with dApps deployed on Ethereum, In addition to existing protocols, Dogechain will propose its own smart contracts, thus building upon the extensive DeFi ecosystem. Bitcoin and other payment-focused / store-of-value blockchains haven’t been able to invoke the same demand as smart contract-capable platforms.

In contrast, PiChain’s ability to improve Web3 ecosystem productivity promises to increase blockspace demand. This event will equally play a part in increasing demand for the native cryptocurrency of PiChain, the $PIC token. Given PiChain’s capacity for high throughput and decentralization, token users will not need to suffer the same user concerns associated with many PoW tokens (including low transactions per second, public chain
congestion, centralized mining, and high transaction fees). Moreover, PiChain will conserve a high degree of decentralization due to its PoS architecture. PiChain relies on a predefined number of validators to facilitate its Proof-of-Stake (PoS) consensus mechanism, a setup that leads to shorter block times and lower fees. In PoS, validator candidates with the highest number of tokens staked are allowed to become validators and produce blocks. The token also employs slashing scenarios, hence leading to security, decentralization, reliability, transparency, stability, and block finality.