What is Pi? A cryptocurrency that everyone can participate in
Pi is not something mysterious or complex. Simply put, it is a blockchain project that allows you to mine using just your mobile phone—no specialized mining hardware, no technical barriers, no initial investment. Just open an app and tap once a day to participate in this decentralized network.
This project was founded in 2019 by two Stanford University PhDs, Nicolas Kokkalis and Chengdiao Fan. The core idea is clear: to enable ordinary people, who are often excluded from traditional cryptocurrency mining due to the need for expensive ASIC miners and high electricity costs, to access blockchain technology. Unlike Bitcoin, which requires costly hardware and consumes enormous amounts of electricity, Pi's design philosophy is completely different.