Pi Network Global fame
The Pi Network is nothing short of a phenomenon, with 35 million Pioneers spread around the globe. Within just three short years, the number of people actively using the Pi Network has increased from one thousand to millions. So, what is Pi Network, and why is it getting so much attention?
Pi tokens, in contrast to traditional blockchains such as Bitcoin, may be mined with the click of a button. Nevertheless, there remain a few unanswered questions concerning the currency. To begin, the value of the Pi coin has not yet been determined because it has not yet been listed on any cryptocurrency exchange.
History of Pi Network
Pi Network is a relatively new cryptocurrency project that aims to make it easier for people to participate in the cryptocurrency market. The project was launched in March 2019 by a team of three Stanford graduates - Dr. Nicolas Kokkalis, Chengdiao Fan, and Vincent McPhillip.
Pi Network’s green & Environmental Friendly credentials
Pi Network is unique in that it does not require any mining hardware or specialized equipment to participate. Instead, it uses a consensus algorithm known as the Stellar Consensus Protocol (SCP) to validate transactions and maintain the integrity of the network. Pi Network is also unique in that it is designed to be more accessible and user-friendly than other cryptocurrencies. For example, users can participate in the network by simply downloading and installing the Pi Network app on their mobile device. Once installed, they can earn Pi tokens by performing simple tasks such as verifying their identity and inviting friends to join the network. As of 2021, Pi Network has grown to over 14 million users worldwide, making it one of the fastest-growing cryptocurrency projects in history. However, it is important to note that the project is still in its early stages, and it remains to be seen how successful it will ultimately be.
Pi Decentralized network
The Pi Network is intended to be a ground-breaking decentralized network, and its cryptocurrency will be mined on smartphones rather than on energy-intensive ASICs or GPUs. This will make the Pi Network a potentially game-changing innovation. Pi Network, which was established by researchers at Stanford named Nicolas Kokkalis and Chengdao Fan, aspires to be a method of performing transactions that is both more efficient and more accessible.
PI Blockchain
The PI mining app acts as a cryptocurrency wallet, linked to a user's mobile phone number or Facebook account. As with other public blockchains, the Pi blockchain will allow external wallets to hold PI coins and submit transactions directly to the blockchain.
