Pi Network is a cryptocurrency project that aims to make cryptocurrency mining more accessible to individuals by allowing them to mine Pi coins using their smartphones. The project was started by a team of Stanford graduates in 2019. Unlike traditional cryptocurrencies such as Bitcoin, Pi Network doesn't rely on the intensive computational power required for proof-of-work mining. Instead, it uses a consensus algorithm called Stellar Consensus Protocol (SCP) to validate transactions.


Users can mine Pi coins simply by installing the Pi Network app on their smartphones and pressing a button to start mining. The mining process is designed to be energy-efficient and user-friendly. Pi Network has gained popularity due to its ease of use and the promise of potential future value for the mined coins. However, it's important to note that as of now, Pi Network is in its early stages and the value of Pi coins is not yet established on traditional cryptocurrency exchanges.