Pi Network is a blockchain project created by a team of Stanford PhDs that allows people to mine cryptocurrency on their phones without draining battery or data. The main aim? Make crypto mining accessible to the masses, not just to those with powerful hardware.
At the heart of the project is the Pi Protocol, which governs how users verify transactions, interact with apps, and secure the network. The native token, PI, is currently trading around $0.4860 USD on secondary markets, although it hasn’t been officially listed on most exchanges yet.
Unlike Bitcoin or Ethereum, Pi doesn’t rely on Proof of Work (PoW). Instead, it uses a unique consensus algorithm based on the Stellar Consensus Protocol (SCP). Here’s what that means in simple terms:
Mining Pi doesn’t require GPUs or ASICs. You simply tap a button in the Pi Network mobile app once every 24 hours to keep mining.
Instead of using energy-intensive computation, Pi relies on a social security layer where users form “trust circles.” This makes the network more secure without burning power.
There are different mining roles:
The Pi Protocol is the underlying blockchain technology and smart contract framework that Pi Network is building. Here’s what it aims to support:
Although the Mainnet is still partially closed, developers are actively building apps on Pi Testnet in preparation for wider adoption.
1. Can I really mine Pi for free on my phone?
Yes. You don’t need to pay anything or keep the app open all day. You just tap a button every 24 hours.
2. Is Pi Network a scam or legit project?
Pi Network is backed by a credible team and has a massive global following.
3. How is Pi mining different from Bitcoin mining?
Bitcoin requires computational power and electricity. Pi uses a social consensus model that lets people mine with minimal resources.
4. When will Pi be listed on major exchanges?
It’s available for trading on Gate.com.
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