What is the Public Index Network? What Does a PIN Do? – Cryptokoin.com

What is the Public Index Network? The Public Index Network (PIN) is a Blockchain project designed to index metadata for Web3. cryptocoin.com In this article, we will examine the Public Index Network. In addition, we will answer questions such as what the Public Index Network is, what it offers, what is PIN coin, what is it for, how to get it. Let’s examine this project together, which provides metadata services for DeFi, NFT and other digital assets.

What is the Public Index Network?

The Public Index Network (PIN), formerly known as Flo Blockchain, is a Blockchain network that was released as a Litecoin fork in 2013. This network is designed to operate in a decentralized, secure, fast and efficient manner. The Blockchain structure of PIN is directly derived from Bitcoin’s UTXO model and its security is provided by the Proof-of-Work mechanism. Blockchain network is created without pre-mining, ICO, masternode, airdrop and development funding. Today, the network exists as a fair, Web3-oriented platform for miners.

What does the Public Index Network offer?

This Proof-of-Work (PoW) network with a Litecoin fork has a range of products and services that work well for Web3. Accordingly, the basic use case of the platform revolves around metadata. The ecosystem allows users to index metadata for NFT, DeFi and other digital assets. So much so that the project serves as a cryptocurrency designed to index Web3 metadata. However, the platform works in a multi-chain fashion. Currently, PIN has Wrapped tokens on Polygon, BNB Chain and Ethereum.

Users and developers can fix metadata within the network. This means being able to store it permanently and immutably on the network for general use. Pins can then be retrieved and read by any PIN-based application. Combined with the supporting metadata library, the Open Directory Protocol (“OIP”), Blockchain provides a new standard for publishing, indexing and monetizing any digital content. For this, it uses an algorithm similar to Bitcoin’s Proof-of-Work consensus mechanism.

What is a PIN? What does it do?

PIN, the native cryptocurrency of the Public Index Network platform, is a PoW token. In other words, users can do PIN mining thanks to their computers with high processing power. Miners earn passive income with cryptocurrency while ensuring the security and sustainability of the network. However, users have the freedom to store any metadata they want on the network. Metadata can be stored, published and indexed on the Ethereum-based Blockchain network.

What is the Public Index Network? How to get PIN?

The Public Index Network is currently traded on cryptocurrency exchanges such as Bittrex and Sun.io. Interested investors need access to these exchanges in order to purchase PIN coins.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.

Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.

Show Disclaimer

source site-1