the staff of the Ridgewood blog
Ridgewood NJ, proving a project can work is what’s called Proof Of Concept (POC). If you can’t prove a project can work then there isn’t one to begin with. May 22, will mark the anniversary of the first Bitcoin transaction, in which a Florida man paid for two pizzas with the cryptocurrency. The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth over $80 million, for the two pizzas.
Purchasing the pizzas was the “proof of concept ” that Bitcoin can actually work . An effective proof of concept proves the goal of a proposed project is viable, and will be successful. The value of a POC is it can help a project manager identify gaps in processes that might interfere with success.
That’s not all a proof of concept does. A POC elicits feedback from everyone involved in a project, including those who might not have otherwise contributed, thereby mitigating unforeseen risk. The proof of concept verifies that concepts and theories applied to a project will have a real-world application.
So now we get to the Pi Network which represents a new type of accessible digital currencies for ordinary people. Anyone with a smartphone can mine PI crypto. Launched in 2019 by three Stanford graduates, the Pi Network allows users to earn PI cryptocurrency from any mobile device. Bitcoin requires a lot of electricity, while PI coins are completely eco-friendly. The Pi Network uses Proof-of-Work algorithm without the high electricity costs.
It is a great way for novices to learn about crypto currencies and the process that creates them. It is totally free and you can download the app onto your phone .
Recently an ‘interesting” and perhaps offbeat way to show POC or proof of concept has emerged from a Pi Network participant . The user posted the following in a Pi chat room, that he would give “500 Pi for feet pics” but so far there have been no takers .
If you are interested in getting started with Pi simply download the app from the following link: I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link minepi.com/jamesfoytlin62 and use my username (jamesfoytlin62) as your invitation code.