Pi network Cryptocurrency was launched by Dr. Nicolas Kokkalis in 2019 who is Stanford graduate. it’s mining system is not as deep as traditional cryptocurrency. It can be mined from mobile phones without draining battery. it aims towards developing decentralised digital currency.
Key points of pi network:
- Mobile Mining –
It uses minimum battery and processing power to mine Pi coins - User-Friendly –
it has simple user interface and can me used on mobile easily. - Decentralization Goal –
it aims to make complete decentralized blockchain network in coming days. - KYC (Know Your Customer) Verification – KYC verification is important to be protected from fake accounts
- Mainnet Phases – It is developing under different phases i.e. testnet and mainnet.
Pi Network present condition:
Untill the open mainnet launches, Pi Network is in closed mainnet phase. In this phase only the KYC approved users can transfer Pi and till now it’s official market value is not decided.
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