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Pi Network, launched on March 14, 2019, by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, aims to democratize cryptocurrency access by enabling users to mine Pi coins via mobile devices without significant energy consumption. Dr. Kokkalis, with a Ph.D. in Computer Science, focuses on enhancing blockchain experiences through user-centric Dr. Fan specializes in computational social science, emphasizing community engagement and decentralized governance within the network.
Pi Network employs the Stellar Consensus Protocol (SCP), allowing efficient, low-energy mobile mining. Its unique trust circle mechanism ensures transaction validation through user-established networks, promoting security and decentralization. The project has experienced significant growth, with over 70 million users worldwide as of January 2025.
#PI Coin Analysis#