Pi Network is a groundbreaking cryptocurrency project that aims to make digital currency mining accessible to everyone through mobile devices. Launched on March 14, 2019—aptly celebrated as "Pi Day"—by a team of Stanford graduates, Pi Network has rapidly grown into a global community of over 70 million users as of January 2025. The Vision Behind Pi Network The primary motivation for creating Pi Network was to address the challenges associated with traditional cryptocurrency mining, such as high energy consumption and the need for expensive hardware. Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, the project's co-founders, envisioned a more inclusive digital currency that could be mined effortlessly using everyday smartphones. This vision led to the development of a user-friendly mobile application that allows individuals to mine Pi coins with a simple tap each day. How Pi Network Works Pi Network utilizes the Stellar Consensus Protocol (SCP), adapted specifically for mob...
Pi Network is a groundbreaking cryptocurrency project that aims to make digital currency mining accessible to everyone through mobile devices. Launched on March 14, 2019—aptly celebrated as "Pi Day"—by a team of Stanford graduates, Pi Network has rapidly grown into a global community of over 70 million users as of January 2025. The Vision Behind Pi Network The primary motivation for creating Pi Network was to address the challenges associated with traditional cryptocurrency mining, such as high energy consumption and the need for expensive hardware. Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, the project's co-founders, envisioned a more inclusive digital currency that could be mined effortlessly using everyday smartphones. This vision led to the development of a user-friendly mobile application that allows individuals to mine Pi coins with a simple tap each day. How Pi Network Works Pi Network utilizes the Stellar Consensus Protocol (SCP), adapted specifically for mob...