Papi Network White Paper
(Draft V1.1)
1. Introduction
The world of cryptocurrency mining is constantly evolving, with new technologies and methods emerging on a regular basis. One such innovation is the concept of "cloud mining," which allows individuals to participate in the mining process without the need for expensive hardware or technical expertise.
PAPI Network is a Decentralized Independent Association (DAO) association whose fundamental tasks are robotized consenting to rules and standards relegated in code without human contribution.
In this white paper, we propose the making of another cloud digging administration for the PAPI Coin digital currency. This help will be based on a decentralized, shared network that use the force of the cloud to permit people from around the world to partake in the mining system.
PAPI Network is a blockchain-based platform that aims to provide a decentralized infrastructure for the exchange of data and information. The platform enables users to share data securely and anonymously with other users on the network, and to earn rewards for sharing their data.
The PAPI Network also features a native cryptocurrency called PAPI, which can be used to pay for services on the platform and to reward users for their contributions. The PAPI Network is being developed by a team of experienced blockchain developers and entrepreneurs, and has received funding from a number of prominent venture capital firms and strategic investors.
Technical Architecture: The PAPI Network is built on top of the digital currency. blockchain and uses a modular architecture to enable developers to create custom applications that can interact with the network.
PAP Token: PAPI is the native cryptocurrency of the PAPI Network, which is used to pay for services on the platform and to reward users for their contributions. The token can also be used for voting on network governance decisions.
Team and Advisors: The PAPI Network is being developed by a team of experienced blockchain developers and entrepreneurs, led by CEO Jason. The team includes advisors with extensive experience in blockchain, finance, and technology, including
PAPI Network is a cryptocurrency project that aims to create a decentralized, permissionless network for peer-to-peer transactions using the PAPI token. The project is designed to be accessible to anyone with a smartphone, and users can earn PAPI tokens by participating in the network and completing simple tasks such as verifying other users' identities or referring new users to the platform.
2. Background
Mining is the process by which new blocks are added to a blockchain, such as the one used by PAPI Coin. In order to mine new blocks, a miner must solve a complex mathematical problem, known as a "hash." When a miner successfully solves the hash, they are rewarded with a certain number of coins.
However, mining can be a costly and time-consuming process. The cost of electricity and the need for specialized hardware, such as ASICs (Application-Specific Integrated Circuits), can make it difficult for the average person to participate in the mining process. Additionally, the difficulty of the mathematical problems can also increase over time, making it more difficult for individuals to mine new blocks.
Cloud mining offers a solution to these problems by allowing individuals to participate in the mining process without the need for expensive hardware or technical expertise. Instead, users can rent the resources of a large mining operation, such as a data center, and use them to mine new blocks.
3. Pioneer
As a Pioneer of the Cloud Mining PAPI Network, you will earn a base rate of 1-to-0.50 PAPI coin per hour by logging into the app every 12hr-to-24 hour’s and clicking the PAPI coin button. You do not need to keep the app open after clicking the button, and you will automatically earn the hourly rate. Your earning session will end after 12hr-to-24 hours, and you will need to click the PAPI coin button again to start a new earning session. However, please note that as the total number of users on the network grows, the base rate for Pioneers will decrease. Specifically, the base rate will be reduced by 50% every time the network reaches a milestone of 100,000 users, 1 million users, 10 million users, and 100 million users, until there are 1 billion users worldwide. At this point, the supply of PAPI coins from the network will cease. We will develop a PAPI Network value exchange marketplace and launch it when the development of PAPI Network ecosystem is mature and sustainable. By utilizing PAPI Network blockchain technology, the use and transaction via an open internet platform will be fostered.
THE PAPI NETWORK’S
The PAPI Network is a decentralized, peer-to-peer network that will be used to power the cloud mining service for the PAPI Coin. The network will be composed of a large number of nodes, each of which will be responsible for performing the mining process.
Each node on the network will be able to contribute its resources, such as computing power and storage, to the mining process. In exchange for their contributions, nodes will be rewarded with a certain number of PAPI Coins.
The PAPI Network will be built on a decentralized, blockchain-based platform, which will ensure that the network is secure and transparent. Additionally, the use of a decentralized platform will also make the network resistant to censorship and other forms of tampering.
Benefits of Cloud Mining with the PAPI Network
The PAPI Network offers a number of advantages over traditional mining methods:
Lower costs: By using the resources of the cloud, users can avoid the high costs of electricity and specialized hardware.
Increased accessibility: The PAPI Network will make it possible for individuals from around the world to participate in the mining process, regardless of their technical expertise or financial resources.
Greater decentralization: The use of a decentralized, peer-to-peer network will ensure that the mining process is distributed among a large number of participants, making the network more resistant to censorship and other forms of tampering.
Increased security: The use of blockchain technology will ensure that the network is secure and transparent.
Flexible mining options: With the PAPI Network, users will be able to mine the PAPI Coin using a variety of different resources, such as CPU, GPU, and ASICs.