Pi Network: The Cryptocurrency of the Future or an Empty Promise?
Pi Network is a cryptocurrency that seeks to democratize access to cryptocurrencies by allowing mining from mobile devices without consuming large amounts of energy. It was created in 2019 by a group of academics from Stanford University, with the promise of making mining accessible to anyone with a smartphone.
How Does It Work?
Unlike Bitcoin, which requires specialized hardware for mining, Pi Network allows users to “mine” by simply opening the app once a day and pressing a button. Its technology is based on a “proof of consensus” system rather than the traditional “proof of work,” which reduces energy consumption.
Current Status and Controversies
Despite its growing popularity, Pi Network has been criticized for its lack of transparency and its long development period without a fully operational mainnet. Currently, users can accumulate Pi, but cannot freely trade it on open markets, raising questions about its true value.
Is It an Opportunity or a Risk?
While some see Pi Network as a revolution that will make cryptocurrencies more accessible, others consider it a project without a clear direction. Until the cryptocurrency is launched on a fully functional network and accepted on exchanges, it will remain more of a promise than a reality.