Pi Network is revolutionizing crypto mining by offering a simple, eco-friendly, and inclusive approach that requires only a smartphone or computer to get started.
Founded in 2019 by Stanford alumni Nicolas Kokkalis and Chengdiao Fan, Pi Network introduces a lightweight mining process where users just need to tap once daily, promoting sustainable growth without energy-intensive systems.
Pi Network uses a consensus mechanism based on an early version of the Stellar Consensus Protocol (SCP) for transaction validation, allows mining through a mobile app or desktop node, and generates revenue through in-app ads.
The platform transitioned to an Open Network in 2025, aiming for mainstream adoption through integration with other blockchains, exchange listings, and real-world utility, with a vision of becoming a widely used digital currency for goods and services.