As of now, Pi Network (Pi) continues to grow as an innovative project in the field of cryptocurrency and decentralized networks. Here is the current information about Pi coin:
### Overview
Pi Network is a cryptocurrency project that aims to create a digital currency for everyday use. Launched in 2019 by a group of Stanford graduate students, Pi Network operates on a new consensus algorithm called Stellar Consensus Protocol (SCP), allowing users to mine coins on their mobile phones. them without draining the battery or consuming too much energy.
### Current status and development
Pi Network is currently in the development phase, focusing on building a strong community and testing its blockchain technology. The project is notable for its mining approach, which involves users earning Pi (π) coins through a process called "mining" on their smartphones. Unlike traditional cryptocurrencies that require power consumption and powerful hardware, Pi Network aims to be more accessible and environmentally friendly.
### Exploitation and distribution
Pi Network implements a unique mining system based on trust and social connections. Users mine Pi coins by simply opening the Pi Network app and clicking a button once a day to prove their identity and maintain security.
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