Why is the Pi Network (PI) hyped? Experts comment
Pi Network, created by Stanford academics, democratizes cryptocurrency mining. However, it still faces uncertainties about its economic model and challenges to establish itself in a competitive market.
Launched in 2019, the coin went through six years of beta phase before activating its mainnet in 2025. Although it attracts attention for its accessibility and sustainability, the project faces significant challenges in the competitive cryptocurrency landscape.
For Fabiano Nagamatsu, CEO and founder of Osten Moove, "the Pi Network is basically a cryptocurrency that allows anyone to participate in the mining process through an app." He explained that the project, initiated in 2019, democratizes mining by eliminating the need for robust hardware and high energy consumption. According to Nagamatsu, by enabling mining through smartphones, the Pi Network promotes a sustainable and accessible model, grounded in decentralization and the engagement of an active community.
Rony Szuster, head of the Research area at Mercado Bitcoin, classified the altcoin as a first-layer blockchain. He also stated that it is comparable to Bitcoin and smart contract platforms like Ethereum, Solana, Avalanche, and Cardano. Szuster emphasized that the team launched the mining app in 2019, but only began operating the mainnet in 2025, after six years of "pseudo-mining."
He also noted that the hype surrounding the Pi Network comes from the accumulated expectation of years, now realized with access to the network and the asset. However, he warned of the need for caution, as uncertainties about the responsible team and the economic model still persist.
Furthermore, the proposal of the Pi Network, which combines technology, sustainability, and decentralization, continues to spark debates and attract the attention of investors and enthusiasts in the digital universe
Download Ruby Network code: JOIN