Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • What Is Pi Network? (2025 Guide): How It Works, Mining Explained
  • Guide
  • News

What Is Pi Network? (2025 Guide): How It Works, Mining Explained

vivian 11 December 2024
Pi Network PI Logo image on black background

Last Updated 12th June 2025

  • Pi Network offers an accessible way to mine cryptocurrency using just a smartphone, eliminating the need for expensive hardware or technical expertise.
  • By using a trust-based consensus mechanism, Pi Network aims to provide a more inclusive and eco-friendly approach to digital currency.

What Is Pi Network?

Launched in 2019 by Stanford graduates, Pi Network is a new type of cryptocurrency that lets users mine coins using their smartphones, without draining battery or needing expensive hardware. With its trust-based consensus model, Pi aims to make crypto accessible to everyone, everywhere.

How Pi Network Works

Instead of using Proof-of-Work (PoW) like Bitcoin, Pi Network relies on the Stellar Consensus Protocol (SCP). The key innovation is its Security Circles—groups of trusted users that verify transactions. This structure helps maintain security while being energy efficient.

  • Pioneers: Daily check-ins earn Pi.
  • Contributors: Form Security Circles with 3–5 trusted users.
  • Ambassadors: Grow the network by inviting others.
  • Node Operators: Run Pi software to secure the network and earn more rewards.

Key Features of Pi Network

  • Accessibility: Anyone with a smartphone can participate.
  • Eco-Friendly: No need for energy-intensive hardware.
  • KYC Verification: Ensures that accounts are tied to real people.

Challenges Facing Pi Network

Despite its growing user base, Pi is still in its enclosed network phase. This means Pi coins can’t yet be traded on external exchanges until KYC processes are complete and the open network launches.

Another major challenge is building a strong ecosystem. Without useful dApps and services that accept Pi, adoption could stall. The success of the project will rely heavily on how quickly and effectively the ecosystem matures.

KYC/KYB procedures may complicate adoption in some regions.

Why Pi

  1. Accessibility: Anyone with a smartphone can join, breaking down financial and technical barriers.
  2. Energy Efficiency: Its consensus mechanism is far more eco-friendly than traditional mining.
  3. KYC Verification: Ensures network integrity by linking accounts to real individuals.

Frequently Asked Questions (FAQ)

Is Pi Network legit?

Pi Network is a real project developed by Stanford PhDs. It’s currently in its testing phase, so while it’s not a scam, its long-term success isn’t guaranteed.

Is Pi mining free?

Yes, Pi mining is free and only requires daily check-ins via the mobile app. However, KYC verification is necessary for full access to the network and future transfers.

How do I earn more Pi?

You can earn more Pi by being active, forming Security Circles, inviting friends (Ambassador role), or running a node on your computer.

Q: When did Pi Network’s Open Mainnet go live?
A: It launched on 20 February 2025 at 8:00 UTC, marking full external connectivity and opening trading on major exchanges reddit.com+13minepi.com+13crypto-news-flash.com+13.

Q: Can I trade Pi now?
A: Yes. PI is available on OKX, Bitget, MEXC, LBank (pre-market), etc. Initial listings triggered high volatility with prices ranging from ~$0.6 to ~$2+ .

Q: What’s the current KYC/migration deadline?
A: Extended to March 14, 2025, to allow more users to complete both KYC and migration .

Q: What are future risks and opportunities?
A: Risks include price swings and regulatory hurdles. Opportunities lie in ecosystem dApps growth, exchange expansion (e.g., Binance listing), and real-world utility.

.

Continue Reading

Previous: Proposal 12148: Terra Luna Classic’s Price Surge- Will LUNC Upgrade Mirror XRP Breakout Momentum?
Next: Why did Ripple’s XRP Slip to Below 4th by Market Cap? $1.6 Billion Liquidated.

Related Stories

Stellar XLM Price
  • Analysis

Stellar XLM Eyes $1 After Massive July Rally and Key Upgrades

Cal Evans 22 July 2025
SUI PRICE ANALYSIS IMAGE
  • Analysis

Sui Price Forms Ascending Triangle, Eyes Break Above $4.35

Dennis Gatheca 22 July 2025
Bitcoin Lighting up
  • News

Only 0.01% Own 1 Bitcoin—Are You One of Them?

Jane Kariuki 22 July 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Stellar XLM Price
  • Analysis

Stellar XLM Eyes $1 After Massive July Rally and Key Upgrades

Cal Evans 22 July 2025
SUI PRICE ANALYSIS IMAGE
  • Analysis

Sui Price Forms Ascending Triangle, Eyes Break Above $4.35

Dennis Gatheca 22 July 2025
Bitcoin Lighting up
  • News

Only 0.01% Own 1 Bitcoin—Are You One of Them?

Jane Kariuki 22 July 2025
Ethereum image on green background
  • Analysis

Ethereum ETFs Hit $3.1B Volume as ETH Targets $5K in August

vivian 22 July 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok