PIETA NETWORK

INTRODUCTION

Mining is the process of validating other people’s transactions with a computer and then adding them to the long, public list of all transactions known as the blockchain. In exchange, people get rewarded with cryptocurrency.

Anyone with a computer and an internet connection can become a miner. But before you get excited, it’s worth noting that mining is not always profitable. Depending on several factors, such as which cryptocurrency you’re mining, how fast your computer is, and the cost of electricity in your area, you may end up spending more on mining than you earn back in cryptocurrency.

As more technological innovations are uncovered to make mining easy and less costly,
Pieta, the world’s first blockchain project that aims to minimize the cost of cryptocurrency mining and make it more accessible and environment-friendly

Pieta mission is to drive adoption of blockchain powered renewable and efficient energy solution for businesses of all scale and size. At the same time, Pieta envisions to make Mining a profitable and attractive affair for everyone irrespective of the individuals technological and financial prowess.

WHAT IS PIETA?

Pieta is the world’s first blockchain project that aims to minimize the cost of cryptocurrency mining and make it more accessible and environment-friendly. It will be done with the use of the new X20 algorithm which reduces energy consumption in blockchain mining ,this will keep the mining equipment cooler. This will result in increasing the life of the mining equipment and in turn the profit of miners. The low energy (carbon) emission will also have a positive impact on the environment.

FEATURES OF PIETA

Private (Untraceable) Transactions

Thanks to the underlying blockchain technology, Pieta platform will facilitate completely private yet transparent transactions with no fraud activities.

Scalability

The X20 algorithm of Pieta focuses on improving the speed of transactions which guarantees scalability.

Anonymity

The digital currency (Pieta token) will ensure complete anonymity to the token users.

Access To a Point-of-Sale Network

Pieta will form partnerships with businesses around the world to expand the use and applications of the pieta token.

Easy-to-Use Blockchain Mining Platform

Pieta focuses on increasing the mining accessibility to everyone through a user-friendly Interface with no need for technical knowledge to purchase or mine tokens.

Low Cost of Mining

Thanks to the use of solar energy and X20 algorithm, the mining of Pieta tokens can be done at a very low cost compared to other cryptocurrencies.

Low Platform Fee

Low energy consumption means low fees of transactions on the Pieta platform.

Mining Rewards

The X20 Algorithm is designed to reward miners for all their activities on the platform in order to incentivize a positive network growth.

Clean Energy Motivation

One of the major focuses of the Pieta project is to increase the production and use of clean energy resource such as Solar Energy in order to protect the environment from the harmful impacts of carbon released from today’s energy sources.

Decentralized Cryptocurrency

Being a decentralized (ERC20) cryptocurrency, Pieta token is not dominated by any central authority and avoids inflation by being independent of the market trends.

High Security

Pieta employs high, blockchain security standards to protect the investment and interests of its platform users.

Faster Transactions

The use of multi-hashing X20 algorithm significantly reduces block-creation time to 20 second per block. Less block-creation time means high rewards (1 block = 12 pieta coin).

THE TOKEN

Pieta token will be developed on the (Ethereum) blockchain network in order to make it easy to access and use by the investors. The token will have many features such as low energy consumption, low transaction fees, faster transactions and a high level of security.

In Addition, The Pieta token is an ERC20 cryptocurrency. It will be the loyalty token for the project investors and will also work as the supporting token for completing the roadmap tasks of the project. The buyers will be rewarded with tokens for their positive contribution to the growth of the platform. Pieta token will also be accepted as payment/currency by participating businesses and it can also be exchanged for Ethereum (ETH) through a number of supporting exchanges.