Pi Network: How Does the Pi Network Make Money

Updated: Apr 12

Pi Network is an experiment to create the first digital cryptocurrency that can be mined on a mobile phone. It is an attempt to create a decentralized open-source blockchain that is eco-friendly. It was created by three Stanford University graduates Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip.

Dr. Nicolas Kokkalis, the head of technology, had previously co-founded Gameyola, a monetization and distribution platform for casual Flash games on social networks, and is the instructor of Stanford University’s first decentralized applications class; combining distributed systems and human-computer interaction to bring cryptocurrency to everyday people.

Vincent McPhillip, the head of the community, had also previously co-founded The Stanford Blockchain Collective, a cross-disciplinary student club across the engineering, business, and law schools. Unlike bitcoin with its proof-of-work consensus protocol, Pi, the cryptocurrency generated by Pi Network miners as a reward for mobile activities performed to secure the blockchain, is built on the Stella

If you haven’t joined the Pi Network project what are you waiting for it’s free! Download app from Google and iOS store, you earn Pi for free every day, make sure to use my invite code official2grantv minepi.com/official2grantv For anyone else like me who was curious, skeptical, and even a bit unsure as to the promise and future of Pi, the release of the Pi test Wallet and the blockchain in testnet means some big things are coming. While the Test-Pi is not currently worth anything, this allows for anyone running a node to try out Pi wallets in testnet to see how it'll all work and to contribute to the scale and quality assurance testing.

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