✅ What is Pi Network
Pi Network is a cryptocurrency/blockchain project launched in 2019 by a team of Stanford University graduates.
The main idea is that anyone who owns a smartphone — not just a professional miner — can 'mine' the currency through a mobile app.
The goal of Pi is to 'generalize' access to digital currencies, so that powerful devices or significant electricity are not needed as in currencies like Bitcoin.
🛠️ How mining and usage work
Mining on Pi is done through the mobile app: you press the 'mine / extract' button once every 24 hours. This does not consume significant energy or resources — unlike Bitcoin mining.
Instead of 'Proof-of-Work' — which requires powerful devices — Pi uses a different consensus protocol (similar to Stellar Consensus Protocol / its modified version). The network verifies members through 'security circles' among known users.
In addition to the role of the regular 'miner' (Pioneer) — there are other roles (such as Contributor, Node, Ambassador) depending on whether you invite people, run a Node on a computer, or help secure the network.
📆 Development and current state (as of 2025)
In February 2025, Pi transitioned to what is called 'Open Mainnet' — meaning the main network opened up and it became possible to transfer Pi to external wallets (which was previously limited to within the network).
This means that Pi now — theoretically — can be used outside of the internal Pi system, and it may start gaining value in the market.
⚠️ Points to pay attention to / controversy surrounding Pi Network
The system relies on 'security circles' — meaning the assurance of safety depends on how well users know and trust each other. This differs from traditional mining and raises questions about complete decentralization.
Some sources say that despite the opening of Mainnet, the value of Pi and its real-world adoption (for purchasing goods/services) is still in question — like many emerging digital currencies.
As with any digital currency or new project: long-term success depends on people's adoption, community trust, and practical application — meaning do not rely on Pi as a 'guaranteed profit'. ✋
🎯 Why someone like you might care
Because mining is easy — all you need is a smartphone, you don't need high-end devices or technical capabilities.
Because it offers an early opportunity that could be beneficial if the network grows and Pi starts being used widely.
Because it is an 'open' idea — aimed at enabling anyone, not just the wealthy or professionals, to enter the world of digital currencies.
