Pi Network

Pi Network is a Crypto & Blockchain tool that allows users to mine Pi cryptocurrency directly from their smartphone. It provides a user-friendly interface to grow digital asset holdings and build a Web3 app ecosystem.

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At a glance

Pricing

Free

Free tier

Yes

API

Skill level

Non-technical

About

What is Pi Network?

Pi Network is a decentralized Layer-1 blockchain network and mobile application that enables individuals to mine Pi cryptocurrency directly from their smartphones without significant battery drain or resource consumption. It leverages a unique consensus algorithm adapted from the Stellar Consensus Protocol (SCP) and Federated Byzantine Agreement (FBA), avoiding the high energy use of Proof of Work. The platform aims to make cryptocurrency accessible to everyday people, fostering a Web3 app ecosystem. Users can contribute to the network by mining, building security circles, running nodes, and engaging with the Pi app ecosystem, earning Pi coins for their contributions. The app also features a non-custodial Pi Wallet for managing digital assets.

Best used for

Ideal for individuals who need to easily access and mine cryptocurrency from their mobile devices, participate in a decentralized network, and contribute to a Web3 ecosystem. Especially valuable for those seeking a low-barrier entry into digital currency without significant resource investment.

Common actions

mine cryptocurrency

earn digital currency

participate in blockchain

secure network

iosmobile_app

Capabilities

Key features

Mobile cryptocurrency mining
Non-custodial Pi Wallet
Web3 application ecosystem
Blockchain node operations
Identity verification system
Security circles

Target Audience

job seekerstudentretireefreelancer

Integrations

Not yet documented

Pricing & Plans

Free

FAQs

How does Pi Network allow free mobile mining without draining phone resources?

Pi Network uses a consensus algorithm adapted from Stellar Consensus Protocol (SCP) and Federated Byzantine Agreement (FBA), which does not require energy-intensive computations like Proof of Work. Your phone contributes to the network's security through trust relationships, not by consuming significant battery or data, making mining accessible and free.

What is the Pi Wallet and how do I create it?

The Pi Wallet is a native non-custodial wallet within the Pi Browser app, where you hold your Pi cryptocurrency. You create it by downloading the Pi Browser, logging in, and following instructions on 'wallet.pi'. You are solely responsible for your passphrase, which acts as your private key.

How can I increase my Pi mining rate?

You can boost your mining rate by inviting friends to join your referral team, completing your security circle, setting and committing to a lockup configuration, using apps on the Pi Browser, and running a Node. Consistent daily check-ins are also crucial.

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