Pyrin Network is a layer 1 decentralized transaction network. It focuses on providing high-throughput, low-latency, secure, and efficient asset transfers. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (PYI/USDT – Trade it here) on the Innovation Zone! Check it out now!
How Does Pyrin Network Operate?
Pyrin network is a new proof-of-work (PoW) Layer 1 blockchain (DAG) project. It draws inspiration from the pioneering research of the Kaspa project and adopts the innovative GhostDAG protocol. The introduction of a fair-launched GhostDAG aims to create a decentralized transaction network with high throughput and low latency. This cryptocurrency innovation integrates smart contracts and is safeguarded by a resource-managing proof-of-work revolution. Furthermore, Pyrin Network operates on a blockDAG-based framework, reflecting the core values of decentralization within the cryptocurrency sphere.
What is GhostDAG Protocol on The Pyrin Network?
GhostDAG represents a paradigm shift in consensus protocols. This protocol offers an efficient and scalable solution tailored for decentralized networks. By utilizing a directed acyclic graph (DAG) structure, GhostDAG effectively eliminates orphaned blocks and achieves nearly instantaneous confirmation times. This significant advancement not only bolsters security but also enhances scalability and throughput, thereby facilitating the widespread adoption of cryptocurrencies in real-world scenarios. GhostDAG empowers blockchain platforms to revolutionize transaction verification processes and deliver a seamless digital economy experience for users.
Benefits of Using Pyrin Network
High Speed
Pyrin Network facilitates remarkably swift transactions, ensuring the rapid and efficient transfer of assets. Furthermore, its inventive consensus mechanism achieves nearly instantaneous transaction confirmation. Currently, transactions are visible within seconds and fully confirmed in 10 seconds or less, averaging about 1.2 seconds.
Decentralized
Meanwhile, Pyrin Network utilizing GhostDAG, maintains a high-speed network while upholding decentralization, fortified by a multitude of independent nodes. The implementation of BLAKE3 ensures equitable coin distribution from the outset by excluding ASICS from the mining process.
Minimal Fees
In addition, they strive to provide minimal fees. Low transaction fees pave the path for widespread adoption and the implementation of smart contract applications, with costs averaging around $0.000025 per transaction.
Highly Scalable
Pyrin Network addresses scalability concerns through the utilization of BlockDAG, enabling parallel block creation and confirmation. This framework ensures the handling of high transaction volumes without compromising security or network performance, averaging approximately 300 transactions per second.
Understanding BLAKE3 and PAIW From Pyrin Network
BLAKE3
BLAKE3 is a refined cryptographic hash built upon the foundation of BLAKE2. Offering superior and consistent performance across various platforms, BLAKE3 supports limitless parallelism and scalability. It surpasses BLAKE2b, SHA-512, and SHA-256 in speed and efficiency, even on compact architectures like ARM1176. Unlike its predecessors, BLAKE3 presents a unified algorithm with a simplified API, accommodating keying and extendable output. Its tree structure opens doors to new applications such as verified streaming and incremental updates.
PAIW
Traditionally, Proof of Work (PoW) mining has been synonymous with energy-intensive security measures within the blockchain realm. However, PAIW introduces a paradigm shift by leveraging this energy consumption to yield dual benefits. It not only bolsters network security but also pioneers innovative revenue models for miners while fostering synergistic relationships with AI service providers. This groundbreaking approach heralds a promising evolution in the blockchain landscape.
Where to buy PYI Token
You can find PYI Tokens here at MEXC! We are listing PYI/USDT in our Innovation Zone! Furthermore, you can receive 100% spot trading fee discounts while holding MX tokens. Get yours now!
What is the Price of PYI Tokens?
The PYI Token is currently trading at MEXC with a live price of $0.17352. You can check the live price of their token right here!
How to buy PYI Tokens on MEXC
You can buy PYI Tokens on MEXC by following the steps:
- Log in to your MEXC account. Click on [Spot].
- Search “PYI” using the search bar to see the available trading pairs. Take PYI/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of PYI you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy PYI] to confirm your order. You will find the purchased PYI in your Spot Wallet.
You can find a detailed guide on how to buy PYI Tokens here.
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Meanwhile, check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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