Pi Network is a new and innovative cryptocurrency project, which was initiated by alumni of Stanford University. Its purpose is to provide more accessible, safe and environmentally friendly digital currency than traditional cryptocurrency such as Bitcoin. Pi Network has specially taken into account those who are not technically experts but want to participate in cryptocurrency. The main objective of Pi Network is to make cryptocurrency easier for the general public. Through this, any person can use Pi Coin using their smartphone. The mining process is completely mobile-friendly, which does not require additional expensive computer or excessive power consumption. In contrast, Bitcoin mining requires powerful hardware and heavy energy. PI Network allows users to join the mining through their mobile app. By downloading and registering the app once, users can log in every day and collect pi coin in their pi wallet by clicking only one button. It does not have a complex technical process, making it very easy for new users. The mining algorithm of Pi Network focuses on security. It uses a Steller Consensus Protocol (SCP), which helps to verify transactions in the network. Its purpose is to make the decentralized transaction process simple and safe. Also, the joining of every new user in the network strengthens the security circle, which increases the trust of the entire network. Currently, Pi Network is in its testnet position. This means that Pi Coin is not trading in the market right now. But the next goal of the project is to launch the mainnet, when Pi Coin can be used in commercial transactions and exchange. Only then will the users of Pi Network be able to get the actual value. Although Crypto experts have mixed opinions about the possible future of this project, millions of users have joined PI NETWORK. Pi Network has opened an easy entrance to new users in the Crypto world. Its simple mining process, mobile-friendly app and security-based transaction verification makes it different from other cryptocurrency. Although its main internet is yet to be launched, this project seems to have a lot of possibility from technical terms. Time will tell whether Pi Coin will really be able to bring revolution in the digital world, but at the moment it remains an attractive option for those who want to start in cryptocurrency.
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