Public Index Network price is $0.00000415
As of today, the price of Public Index Network (PIN) is $ 0.00000415, with a +0.00% change in its value in the last 24 hours. The 24-hour trading volume is .
Public Index Network (PIN) is a proof-of-work cryptocurrency specifically created to index web3 metadata. It's designed in a manner that permits both users and developers to "pin" metadata, thus ensuring its immutable and permanent storage on the network for public use. Once the data is stored, it can be accessed and read by any application based on PIN. The mechanism it follows is powered by the Open Index Protocol (OIP), through which PIN aims to provide a new standard for publishing, indexing, and monetizing any digital content across the digital spectrum.
The team behind the creation and management of PIN hasn't been specified on its website. However, it affirms a strong and enthusiastic development community that is actively involved in using PIN to create and index immutable links, gearing to form the infrastructure for web3.
The core function of the Public Index Network is to allow its users and developers to "pin" metadata for public use. It operates on the proof-of-work consensus model, where it works in conjunction with the Open Index Protocol (OIP). As a part of its functioning, it provides an innovative standard for publishing, indexing, and utilizing digital content.
Public Index Network stands out from the crowd because of its ability to index web3 metadata, a feature not commonly found in other cryptocurrencies. With its unique "pinning" feature and association with the Open Index Protocol (OIP), it enables users to store metadata permanently and immutably. Furthermore, its adaptability across different blockchains like Ethereum, Binance Smart Chain, and Polygon increases its accessibility and versatility.
Public Index Network relies on the proof-of-work consensus model which is widely recognized for its security features. However, it is crucial for users to stay vigilant and employ standard security practices like maintaining private keys' secrecy, using reliable wallets and interacting with trusted entities.
Currently, there are 156.7M of PIN in circulation. However, the total supply of PIN is 160.0M.
As of the latest update, the market capitalization of the Public Index Network (PIN) stands at $ 650.4.
Public Index Network (PIN) is available for purchase on Nova, Bittrex, CoinExchange, however, always ensure to conduct thorough research and engage with reputable platforms for your cryptocurrency transactions.
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