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The Pi Network (Pi) currency is a digital currency that emerged in 2019 by a team of Stanford University graduates with the aim of creating a digital currency that can be mined easily using mobile phones, without consuming significant energy like Bitcoin. The currency relies on the Stellar Consensus Protocol (SCP), which is a verification method that does not depend on proof of work, but rather on trust among users to ensure the security of the network.
Pi is mined through the official mobile app, where users confirm their activity daily by pressing the mining button, earning Pi coins based on their designated mining speed and the number of referrals they add. Pi has not yet entered the full trading stage in major markets and is still in the closed Mainnet phase, where users can transfer coins to internal wallets, but it has not yet been listed on most global platforms.
The Pi team hopes that the Pi currency will become a daily payment method in the future, and work is currently underway to build an ecosystem that allows its use in purchasing products and services within Pi apps. However, users should exercise caution, as the true market value of Pi has not yet been fully determined, and large financial investments should not be made before it is officially listed and its final price in the market is established.
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