Pi Network

Pi Network is a digital currency project that aims to allow users to mine cryptocurrency using their mobile devices. Launched in 2019 by a team of Stanford graduates, the network enables participants to earn Pi coins through a simple app that does not require extensive computational power or energy consumption, making it accessible to a wider audience. The network's design relies on a consensus mechanism called the Stellar Consensus Protocol, which facilitates transactions and ensures security without the need for expensive mining setups. The primary goal of Pi Network is to create a decentralized currency that can be used for transactions and to potentially facilitate a peer-to-peer economy once it achieves full launch status and wider adoption.