Pi Network is a cryptocurrency project that aims to make cryptocurrency mining accessible to everyday users via mobile devices. Launched in 2019 by a team of Stanford graduates, Pi Network allows users to mine Pi coins (PI) through a simple app without the need for expensive hardware or significant energy consumption.

The network operates on a unique consensus mechanism called the Stellar Consensus Protocol, which enables users to earn Pi by validating transactions and securing the network. Users can also increase their mining rate by inviting others to join the network and forming trusted circles.

As of now, Pi is still in its development phase, with plans for a fully decentralized mainnet launch in the future. The project emphasizes community engagement and aims to create a user-friendly cryptocurrency that can be used for everyday transactions. However, it's important to note that Pi coins are not yet tradable on exchanges, and their future value and utility remain uncertain.