PIETA NETWORK - makes cryptocurrency mining a profitable deal forever

PRESENTATION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin,there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

Cryptocurrencies and fiat currencies differ in the way that new coins/cash are generated and issued in their respective ecosystems. Fiat currencies are printed by government-sponsored mints in response to a state authority’s direct orders, while cryptocurrencies are issued by a blockchain network according to a set of predetermined algorithms.

Mining is called mining because it is a process in which volunteers contribute a great deal of effort in the hopes of receiving ‘a gold coin.’ It makes sense that most miners who wish to contribute to blockchains are in the game for a profit. The biggest concern for miners has always been the ever-increasing difficulty of the computational puzzles involved in securing the blocks. That’s right; as more puzzles are solved, the difficulty of the next puzzle increases greatly, sometimes even exponentially.

About 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.

THE PIETA SOLUTIONS

PIETA 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.

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.

TOKEN DETAILS

Token: PITC

Platform: Ethereum

Type: ERC20

Price in ICO 1 PITC = $ 1.5

Investment Details

Acceptance of BTC, Dogecoin, Ethereum

Tokens for sale: 1 700 000 PITC

Softcap: 6 000 000 USD

Hardcap: 25 000 000 USD

BENEFITS/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).