Pi Network
What is PI Network? Pi network at the moment is nothing more than a social network with a plan to grow into a cryptocurrency in the future. It is a project started by three Stanford PhDs with an idea to build a mass adopted cryptocurrency. In order to make it mass adoptable, they had to make it easy to use. Everybody has a smartphone nowadays, so what is a better way to bring people on board than to make a coin that is minable by a phone? No need for buying expensive rigs and no need for the techie knowledge in order to set everything up, just a regular smartphone. And they are doing pretty well so far, a month ago they reached a milestone of 10 million active users! So how mining actually works? Didn't I write that PI Network isn't cryptocurrency yet? So what is being mined? And how a smartphone can replace expensive rigs with tons of processing power? The answer is simple, you are not mining anything. Most minable cryptocurrencies use miners to validate transactions, PI on th...