Renamed Plian in the first quarter of 2021, the cryptocurrency formerly known as Pchain has nonetheless kept its code (PI). There’s a lot to be said for this evolution and rebranding, which the ecosystem’s founders hope to make viable in the future. By changing its name, the development strategy shifted from focusing on Pchain’s private blockchain to the general development of a much more scalable public blockchain. The objective is simple: to manage a more significant number of transactions.
In this guide, we explain everything you need to know about the Plian crypto.
As you’ll have gathered, Plian is intimately linked to Pchain since it has the same foundations and characteristics and derives its entire history from this ancient blockchain.
Initially, Pchain’s founders wanted to democratize the use of public blockchains compared to those offered by Bitcoin and Ethereum. By changing its brand and visual identity, Plian has kept these same objectives while opening up to even more opportunities.
Today, the recent project of Plian and (PI) is quite simple to understand. According to Plian’s official website, the company has three main objectives. Firstly, Plian wants to emphasize high adaptability and constantly adapt to demands by, for example, creating a large number of block sub-chains.
Then, in keeping with the logic of Web3, Plian wants to be a pioneer in decentralization, proposing a wide range of actions that have no impact on network speed. Finally, security is paramount to Plian on this same network, and this third central point is highlighted by function.
Binance
Binance
To understand how Plian came into being, we first need to go back to 2018 and trace the birth of Pchain. At the time, this name, composed of the words “public” and “chain”, was a direct reminder of its nature as a public utility blockchain.
In practical terms, the switch to Plian was primarily commercial and kept the basic appeal of this cryptocurrency the same. As proof, the assets have remained the same with (PI).
Logically, both entities were created by the same people, notably Dr. Feng Cao. Dr. Feng Cao is still at the head of a project that, from the outset, aims to be innovative in the cryptocurrency world. In this sense, the project is strongly supported by several strategic partners, ranging from venture capitalists to technology companies.
Today, the new PLIAN brand identity is reminiscent of the Public Ledger Interchain Architecture Network acronym. In keeping with the same principle as Pchain, it emphasizes the creation of an even more significant, more feature-rich solution than Pchain.
Interestingly, for a blockchain, Plian uses, as Pchain did, a hybrid consensus halfway between proof-of-stake (PoS) and proof-of-work (PoW). It is still based on the same principle of the “PDBFT” approach, already used by Pchain, which could then process almost 180,000 transactions per second. Today, Plian boasts the ability to handle the same number of transactions and, above all, to manage 256 sub-chains!
Binance
Binance
PI’s design kept the same focus in 2018 for Pchain and in 2021 for its successor, Plian. This ecosystem and its cryptocurrency asset (PI) are intended to be forward-thinking in the new generation of the web, namely Web3. Thus, Plian was designed to create a blockchain infrastructure that can be used for decentralized applications (dApps), namely the workhorse of new web technologies.
According to Plian’s founders, current blockchains, like the more reputable Bitcoin or Ethereum, limit performance and interoperability. From the outset, Plian wanted to offer a blockchain solution that was more advanced, more secure, and, above all, faster. This concerns both developers and users.
While retaining its interoperability objective, Plian’s great strength lies in its compatibility with other blockchains.
In conclusion, Plian has been designed to offer a blockchain solution far more advanced than those known to most cryptocurrency users (see review). It seeks to provide solutions to the challenges these same users face, who sometimes find themselves up against a wall with the most reputable blockchains in the cryptocurrency world.
Plain is a blockchain powered by its cryptocurrency asset (PI). As announced throughout this review, Plian’s scope of activity is very broad, and according to the blockchain’s official website, it operates in three main categories.
Firstly, building on the blockchain with different use cases is logically possible. For example, building a sub-chain or establishing smart contracts to develop the ecosystem is entirely possible.
Later, it’s possible to set up nodes and become a validator to earn rewards and continuously develop the blockchain.
Finally, it is possible the Plian staking.
To achieve all these objectives, Plian is making several tools available, such as the PIWallet, the first wallet that lets you mine from your phone. What’s more, Plian’s operation is made possible by various features. Here they are:
Hybrid consensus
As mentioned above, Plian uses PDBFT consensus, a hybrid mix of PoS and PoW, to make the most of each of these solutions.
Interoperability
It is possible to transfer assets and data from several blockchains, not just the Plian one.
Scalability
Plian can process up to 180,000 transactions per second.
Security
Using advanced security mechanisms, Plian protects users’ transactions and assets in a highly secure manner.
Development
Plian provides its users with several tools for creating dApps on the platform.
As interesting as this project is, purchasing the token (PI) is more challenging than purchasing other cryptocurrency assets. In concrete terms, the exchange platforms available for buying or selling PI can be counted on the fingers of one hand, and it’s important to note that, for the time being, there are no exchange possibilities on flagship platforms such as Binance or eToro. Today, the Gate.io platform offers the buying and selling of PI tokens, which are still considered mere players in the cryptocurrency world and far from the best place in capitalization.
Kraken
Kraken
The BitGlobal platform also offers exchanges only in USDT, while Gate.io offers exchanges between USDT and bitcoin. This could be a good thing, given the interoperability of the Plian blockchain.
In the meantime, it is possible to acquire PI tokens from Gate.io, and we’ve provided you with the procedure.
Opening an account on Gate.io
On a positive note, the Gate.io platform is available in many languages, so if you prefer another language instead of english, you have many choices. Don’t forget that this is the only platform, apart from the one designed for Plian developers, that allows you to acquire Plian in USD price or Bitcoin.
To create an account on Gate.io, you’ll need an e-mail address or a telephone number. Then you will have to choose a password, and as always, you’ll be prompted to proceed with KYC verification and identification.
As with many exchange platforms seeking to gain more and more customers, it’s important to note that a referral code will enable both the sponsor and the referral to obtain benefits on the platform.
Depositing funds and purchasing PI
Once your account has been validated by the platform, which can sometimes take several days, it’s up to you to deposit your first funds to acquire your first PI tokens. It’s also possible to transfer bitcoins or assets already held on other platforms via a wallet or pay in fiat currency.
Then, in the “trade” section, you can select the purchase of PI with the desired value and transaction. If you have paid in Euros, remember that, in addition to a commission, the platform will exchange the tokens at the time of purchase.
About Plian chart, Plian price to USD these days is about $0.004363.
Binance
Binance
Now: 35 Fear
Now: 35 Fear
Yesterday: 40 Fear
Last Week: 39 Fear
What about Plian future? Since its inception, it’s been interesting to note that the Plian stock price and Plian value curve largely corroborate Bitcoin’s value curve. However, as you might expect, the values are not the same.
After dropping from 0.15 euros at its creation to 0.010 euros, the PI underwent a real surge to 0.050 in 2021, shortly after the switch from Pchain to Plian. Since then, the curve has returned to the values just quoted. However, it’s important to consider the whole ecosystem and the general interest of this project, which is still under development when sounding out a potential investment.
Once the project has been properly developed, Plian will likely buy back and burn certain assets to add value to those in circulation. This explains why obtaining PI tokens outside the development process mentioned in our paragraph on Plian functionalities is so tricky.
Today, the Plian ecosystem looks healthy and thought-out for tomorrow’s challenges in the cryptocurrency world. As always, it can be a hazardous investment, but in practical terms, the PI token has a bright future.
Will Plian go up? Let’s be perfectly clear when mentioning the general idea of Plian: the concept is still in its infancy. However, the Plian blockchain, capable of meeting the needs of Web3 users, has quite an exciting future ahead of it if the grand ambitions put forward by the project’s founders are anything to go by. So, what’s the Plian prediction? Well, they seem perfectly attuned to the challenges of cryptocurrency and the new digital world! This lends a certain excitement to the project, and it’s very exciting to follow the Roadmap for each semester put forward by the organization.
Will Plian recover? You will have gathered, the project is still in the development phase and is especially renowned among developers for being able to create dApp applications on this innovative blockchain. It’s still tricky to buy tokens, but there’s every reason to believe that it will become much easier to do so as time goes on.
Today, the Plian and its PI token offer a very interesting project to follow, and there’s no doubt that we’ll have to keep a close eye on the evolution of this ecosystem in the months and years to come.
