#PI NETWORK
Pi Network is a mobile-friendly cryptocurrency project founded by Stanford graduates in 2019. It allows users to mine Pi coins on smartphones using an energy-efficient process. The network employs the Stellar Consensus Protocol for decentralization and introduces "Security Circles" to enhance security. Growth is driven by a referral system, and the project is in its testnet phase, with a mainnet launch anticipated. Pi coins are not yet tradable, and their value remains speculative. The network requires KYC verification to prevent fraud. Future utility includes peer-to-peer transactions and dApp integration, but success depends on community engagement and regulatory compliance.