Cryptocurrency has changed the way people think about money, investment, and digital ownership. While popular cryptocurrencies like Bitcoin and Ethereum require expensive hardware and high energy consumption, Pi Network offers a completely different approach.

Pi Network aims to make cryptocurrency accessible to everyone, especially ordinary users who only have a smartphone. In this guide, we explore what Pi Network is, how it works, its benefits, risks, and future potential.

As you learn more about digital money systems, it’s helpful to understand broader blockchain concepts like smart contracts and decentralized finance (DeFi). Read more about how smart contracts work in DeFi here .

Pi Network is a digital cryptocurrency project launched in 2019 by a team of Stanford University graduates. Its main goal is to allow users to mine cryptocurrency using mobile phones without draining battery life or consuming large amounts of data.

Unlike traditional cryptocurrencies, Pi does not require powerful computers or graphic cards. Users simply open the app once a day and tap a button to continue mining Pi coins.

• Dr. Nicolas Kokkalis – Expert in computer science and blockchain
• Dr. Chengdiao Fan – Specialist in social computing and human-centered design

Their vision was to build a user-friendly and inclusive digital currency that can be used globally. For a broader beginner-friendly overview of Web3 and modern digital ecosystems, check this guide here .

Pi Network uses a trust-based mining system instead of energy-intensive Proof of Work (PoW).

• Download the Pi Network app
• Register using a referral code
• Tap the mining button once every 24 hours
• Earn Pi coins automatically

This process does not run continuously in the background, ensuring no battery drain, overheating, or extra internet usage.

• Pioneer: Users who mine Pi daily using the app
• Contributor: Users who add trusted members to security circles
• Ambassador: Users who invite new members to Pi Network
• Node: Advanced users who run Pi software on computers

Each role helps strengthen the network and increases mining rewards.

• Mobile-friendly cryptocurrency mining
• Energy-efficient and eco-friendly system
• Free to join with no investment required
• Strong global community
• Secure trust-based verification model

Pi Network has progressed through Testnet and Enclosed Mainnet phases. The upcoming Open Mainnet will allow Pi coins to interact with external exchanges.

KYC verification ensures real users, prevents fraud, and enables Pi transfers to the mainnet wallet.

• Buying goods and services
• Peer-to-peer transactions
• Payments within Pi apps
• Digital tipping and micro-payments

Pi Network represents a new and inclusive approach to cryptocurrency. By enabling mobile mining and focusing on community trust, it brings digital currency closer to everyday users.

While success is not guaranteed, Pi Network remains an innovative project worth watching in the evolving world of blockchain and decentralized finance.