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Cryptocurrency has evolved significantly over the past decade, introducing new ways to earn, store, and trade digital assets. One of the most exciting projects in this space is Pi Network, which aims to make crypto mining accessible to everyone using just a smartphone. But what exactly is Pi Network, and how does it work? In this blog, we’ll explore the concept, benefits, mining process, and future potential of Pi Network. --- What is Pi Network? Pi Network is a blockchain-based cryptocurrency project that enables users to mine coins using their mobile devices. It was created in 2019 by a team of Stanford University graduates, including Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip. Unlike Bitcoin and Ethereum, which require expensive mining equipment and high electricity consumption, Pi Network uses a unique consensus algorithm called the Stellar Consensus Protocol (SCP) to validate transactions efficiently. --- How Does Pi Network Work? Pi Network eliminates t...
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