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Pi PI |
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£0.0539109 |
1.42 % (24h) |
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Marketcap |
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£612,919,982 |
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Volume 24h |
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£4,022,989 |
Description
Pi Network (PI) is a social cryptocurrency and developer platform that aims to be inclusive and accessible by allowing users to "mine" tokens directly from their smartphones. It uses a unique consensus algorithm based on the Stellar Consensus Protocol, which does not require the massive energy consumption of traditional Proof of Work. The project has built a massive global user base through its user-friendly mobile app and a focus on community building. While the network is in its transition phase toward an open mainnet, the PI token is intended to serve as a medium of exchange within its proprietary ecosystem of apps and services.