Pi Network is a novel cryptocurrency project that enables users to mine Pi Coins (π) using their mobile phones without draining battery life or data. Founded in 2019 by a team of Stanford graduates, including Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, Pi Network aims to create a more accessible, inclusive, and user-friendly cryptocurrency experience.
Here's a brief overview:
*Key Features:*
1. *Mobile Mining:* Pi Network allows users to mine Pi Coins using their mobile phones, making it accessible to a broader audience.
2. *Low Energy Consumption:* The mining process is designed to be energy-efficient, allowing users to mine Pi Coins without draining their battery life.
3. *User-Friendly Interface:* The Pi Network app provides a simple and intuitive interface for users to mine Pi Coins and manage their accounts.
4. *Community-Driven:* Pi Network emphasizes community building and encourages users to contribute to the network's growth and development.
*Pi Coin (π):*
1. *Native Cryptocurrency:* Pi Coin is the native cryptocurrency of the Pi Network.
2. *Mining Mechanism:* Pi Coins are mined using a consensus algorithm that validates transactions and secures the network.
3. *Supply:* The total supply of Pi Coins is not fixed and is determined by the network's algorithm.