Pi Network (PI): A Complete Guide from Mobile Mining to Mainnet Launch
What exactly is Pi Network?
Developed by a team of PhDs from Stanford University and launched in 2019, Pi Network is an innovative cryptocurrency platform aimed at bringing digital assets to the general public. Unlike traditional energy-intensive mining, Pi Network democratizes mining through mobile devices, allowing anyone with a smartphone to participate.
The network employs a unique consensus mechanism to ensure network security while minimizing energy consumption. This eco-friendly design directly addresses the biggest issues facing the cryptocurrency industry: environmental impact and entry barriers. As of October 2024, Pi Network has over 45 million active users, making it one of the fastest-growing crypto projects.
However, the project is still in the development stage. The highly anticipated mainnet launch is expected to occur by the end of 2024, at which time