Pi Network

Pi Network is a cryptocurrency project that enables users to mine and earn Pi coins through a mobile application. Launched in 2019, it aims to make cryptocurrency accessible to a wider audience by allowing users to mine Pi coins on their smartphones without the need for expensive hardware or significant energy consumption. Unlike traditional cryptocurrencies that require complex calculations and mining rigs, Pi Network utilizes a consensus mechanism called the Stellar Consensus Protocol, enabling users to contribute to the network's security and operation by validating transactions. The project emphasizes user engagement and community-building, with the goal of establishing a digital currency that can be used for transactions in the real world, especially when it transitions from a test phase to a fully operational blockchain network. As of now, the project is still in its development stages, focusing on expanding its user base and features.