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Update Bybit's $1.4 Billion ETH Hack card to explain format and add new Pi Network card with comprehensive details and references
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cards/ByBit's $1.4 Billon ETH Hack.md

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#show-card
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#explain-card
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# Bybit's $1.4 Billion ETH Hack
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cards/Pi Network.md

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#show-card
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## Introduction
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[Pi Network](https://minepi.com/blog/) is a digital currency project aimed at making cryptocurrency mining accessible to everyday users through mobile phones. Founded in 2018 by Stanford graduates, the project seeks to distribute cryptocurrency fairly and build a decentralized marketplace and ecosystem for its users.
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## Service Provided
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Pi Network provides a mobile-first cryptocurrency mining experience that consumes minimal battery power and processing resources. Unlike traditional cryptocurrencies that require significant computing power to mine, Pi can be mined through a mobile app by tapping a button once every 24 hours. This approach makes cryptocurrency accessible to the general public without specialized equipment or technical knowledge.
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## Technical Details
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The Pi Network operates on a consensus algorithm called the Stellar Consensus Protocol (SCP), which is more energy-efficient than traditional Proof of Work systems. Pi uses a security circle concept where users build trust networks that contribute to the overall security of the blockchain.
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## Team
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The Pi Network was founded by a team of Stanford graduates:
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- Dr. Nicolas Kokkalis - Head of Technology
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- Dr. Chengdiao Fan - Head of Product
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- Vincent McPhillip - Head of Community
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## Roadmap
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Pi Network follows a three-phase development roadmap:
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- Phase 1 (Beta): Launched in March 2019, allowing users to mine Pi on mobile devices
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- Phase 2 (Testnet): Launched in March 2020, testing the Pi blockchain
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- Phase 3 (Mainnet): Transition to a fully decentralized blockchain with KYC verification requirements and open ecosystem development
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## Latest Updates
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- 2022 Q4: Mainnet launched in closed network mode with KYC verification requirements
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- 2022 Q2: Introduction of Pi Wallet and enhanced KYC verification system
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- 2021 Q4: Preparation for Mainnet launch with mass verification system
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- 2021 Q3: Expanded ecosystem applications and developer tools
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- 2021 Q1: Launched Pi Brainstorm community ideation platform
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- 2020 Q1: Testnet launched, allowing initial blockchain operations
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- 2019 Q1: Beta version launched, allowing mobile mining
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## References
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- [Pi Network Official Blog](https://minepi.com/blog/)
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- [The Pi Network & Pi Token (YouTube)](https://youtu.be/wHjuX20y82c?si=VBD0PFi8H2JuFhj0)
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- [Pi Network Official Website](https://minepi.com)
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