Pi Cryptocurrency is a cryptographic initiative that claims to offer users a new currency with all the advantages of Bitcoin (BTC). So what exactly is the Pi Network and whether Pi Network is legit or not. Let’s find out by reading the article below.
What Is the Pi Network?
Pi Network was founded by Stanford academics Nicolas Kokkalis and Chengdiao Fan. They started working on creating a digital currency for everyone in 2018. On March 14, 2019, they published their white paper and released the Pi Network application. The project promises to be environmentally sustainable, which may help attract climate-conscious investors. It could be especially effective since the crypto market is often blamed for its high energy consumption due to the environmental degradation caused by energy-intensive procedures such as Proof-of-Work (PoW).
The Pi Network app is used to mine Pi, which requires the user to tap a button on their phone every 24 hours. Pi mining is not technically crypto mining because no mining is done.
Is Pi Network legit?
Currently, no one knows the answer to the question of whether Pi coins are legal. Installing the app is free.
I hope this article will help you to learn what exactly is the Pi Network and whether Pi Network is legit or not. Keep in mind that the cryptocurrency market can be very volatile. Always do your own due diligence before making an investment decision.
