“Pi Network” is a smart platform that allows users to earn Pi cryptocurrency from any mobile device. Beta version of the app was launched in March 2019 by three individuals from Stanford. And two of them hold PhDs. They aim to create a secure, immutable, non-counterfeit and interoperable source of digital money. They are going to do this by using distributed ledger technology and making use of the stellar consensus protocol.
Pi Network is secured and operated by its community, i.e. its users and their joint engagement. Pi is mined through proof of consensus, which is basically where your phone communicates with a bunch of nodes, and the nodes collectively decide on what the solution to the next block is. Whereas in Bitcoin, the solution is already set and whoever gets it first gets the reward.
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