Pi Network is a cryptocurrency that is mined through mobile phones using the Pi Network application. The project was launched in 2019 by a team of Stanford University graduates, and its primary goal was to make cryptocurrency mining accessible to everyone without the need for advanced devices or consuming large amounts of energy, as is the case with Bitcoin.
How Pi Network Works
Mining is done through the official application without significant energy consumption.
The system relies on Proof of Trust instead of Proof of Work like Bitcoin.
Users collect the currency by logging in daily and pressing the mining button.
Stages of Currency Development
1. Phase One (2019): Launch of the application and making mining available to the public.
2. Phase Two (2020-2021): Developing the ecosystem and increasing the number of users.
3. Phase Three (2023 - Present): The open network, where Pi Network aims to make the currency tradable in markets and achieve real economic integration.
Can Pi be traded currently?
So far, the currency is not officially listed on major trading platforms like Binance or Coinbase, but there are attempts to create an internal economic system where Pi is used in buying and selling transactions.
The controversy surrounding Pi Network
Some experts believe that the project may be unclear, especially since it has not been officially listed on exchanges.
In contrast, supporters believe that the currency has a future if the third phase is successfully implemented.
Conclusion
The Pi Network project is promising but still in its experimental stages. If you wish to join, it is best to follow the official news and ensure developments before investing seriously.
