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| 1 | +#show-card |
| 2 | + |
| 3 | +## Introduction |
| 4 | + |
| 5 | +[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. |
| 6 | + |
| 7 | +## Service Provided |
| 8 | + |
| 9 | +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. |
| 10 | + |
| 11 | +## Technical Details |
| 12 | + |
| 13 | +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. |
| 14 | +## Team |
| 15 | + |
| 16 | +The Pi Network was founded by a team of Stanford graduates: |
| 17 | +- Dr. Nicolas Kokkalis - Head of Technology |
| 18 | +- Dr. Chengdiao Fan - Head of Product |
| 19 | +- Vincent McPhillip - Head of Community |
| 20 | + |
| 21 | +## Roadmap |
| 22 | + |
| 23 | +Pi Network follows a three-phase development roadmap: |
| 24 | + |
| 25 | +- Phase 1 (Beta): Launched in March 2019, allowing users to mine Pi on mobile devices |
| 26 | +- Phase 2 (Testnet): Launched in March 2020, testing the Pi blockchain |
| 27 | +- Phase 3 (Mainnet): Transition to a fully decentralized blockchain with KYC verification requirements and open ecosystem development |
| 28 | + |
| 29 | +## Latest Updates |
| 30 | + |
| 31 | +- 2022 Q4: Mainnet launched in closed network mode with KYC verification requirements |
| 32 | +- 2022 Q2: Introduction of Pi Wallet and enhanced KYC verification system |
| 33 | +- 2021 Q4: Preparation for Mainnet launch with mass verification system |
| 34 | +- 2021 Q3: Expanded ecosystem applications and developer tools |
| 35 | +- 2021 Q1: Launched Pi Brainstorm community ideation platform |
| 36 | +- 2020 Q1: Testnet launched, allowing initial blockchain operations |
| 37 | +- 2019 Q1: Beta version launched, allowing mobile mining |
| 38 | + |
| 39 | +## References |
| 40 | + |
| 41 | +- [Pi Network Official Blog](https://minepi.com/blog/) |
| 42 | +- [The Pi Network & Pi Token (YouTube)](https://youtu.be/wHjuX20y82c?si=VBD0PFi8H2JuFhj0) |
| 43 | +- [Pi Network Official Website](https://minepi.com) |
| 44 | + |
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