Cryptocurrencies have been a hot topic for years now. Since the first digital currency was created in 2009, they have continued to gain popularity, with more and more people investing in them, and are a trend linked to the many opportunities and benefits. Cryptocurrencies leverage cryptography to provide a high level of security, making it difficult to counterfeit or overspend. They are also decentralized, meaning they cannot be controlled by one single entity. This and other aspects, like the rise of crypto mining mobile apps, which have made it easier to access and use these digital assets, make cryptocurrencies attractive. As the newest name in crypto mining, ice Network is making waves. In this article, we evaluate its features against two popular choices, Pi and Bee Networks.
Launched in 2019, Pi Network is a crypto mining app that allows you to mine crypto on your smartphones and earn Pi cryptocurrency without draining their batteries. Pi secures its network through security circles where members vouch for each other. These security circles consist of three to five trusted members. The Pi Network offers different roles, including pioneers, contributors, ambassadors, and nodes. Users that are pioneers or contributors can use the Pi mobile app to run the Pi node software on their computers. Pi is available for both Android and Apple users.
Bee Network, on the other hand, is a blockchain-based innovative technology/crypto mining app that aims to help users earn Bees in a gamified experience. You can earn Bees through three roles: Pioneer, Ambassador (Introducer), and Verifier ( similar to the Pi Network contributors). Verifiers verify the identity of the members and confirm they are trustworthy. According to the project founders, their aim is to create a decentralized currency that can be used in everyday transactions.
And now, ice Network, which is one of the newest digital currencies you can mine for free using your mobile phone. The ice Network rewards its active and engaged users with free digital currency. It is built on the idea of bringing back trust and transparency to the crypto space and community building. Like Bee Network and Pi Network, ice Network secures its members through security circles where members vouch for each other. To start mining, you need an invitation from an existing member.
The major difference between the three is the governance model. The ice Network establishes a governance model where all users have the decision power in the direction the network evolves, avoiding concentration in the hands of a few large validators. The reward system is also different.
Unlike other crypto projects, which reward users simply for contributing computational power, ice Network rewards users who contribute to the growth and success of the network. The ice Project believes that a strong and active community is essential for the success of any decentralized network and that the users who deserve to be rewarded are those who contribute to this success. The crypto mining app brings in new elements, such as Tap In Advance, Slashing, Day Off, Resurrection, and Extra Bonuses.
If a user is inactive and does not tap on the ice logo button to initiate a new mining session, they will gradually lose coins from their balance through progressive 'slashing'. This loss is prorated hourly. But, if you initiate a new mining session and choose to benefit from the 'resurrection option', all the lost coins will be restored to your existing balance. The 'Day Off' can be used when users cannot tap the ice button to restart their mining session. The project also has bonuses, which are valid for 24 hours.
ice Network, Pi Network, and Bee Network have gained popularity in the cryptocurrency community due to their unique approach to crypto mining. But there are some key differences between the three that affect user experience. We recommend doing some research to find one that best suits you.
