This FAQ covers the basics of Pi cryptocurrency, a mobile-first digital currency that has attracted millions of users. Here, you'll find simple answers to common questions about what Pi is, how it works, and how to get involved.

What is Pi cryptocurrency?

Pi cryptocurrency is a digital currency that you can mine directly from your smartphone, designed to make crypto mining accessible to everyone.

Unlike Bitcoin, which requires powerful computers to mine, Pi uses a unique consensus algorithm called the Stellar Consensus Protocol (SCP). This allows users to mine Pi without draining their phone's battery or data. The project was founded in 2019 by a team of Stanford graduates, and it's currently in its enclosed mainnet phase, meaning the Pi coin is not yet publicly tradable. The goal is to create a widely used and accessible digital currency that can be integrated into everyday transactions.

How does Pi mining work?

Pi mining works through a mobile app that uses a consensus algorithm rather than energy-intensive proof-of-work, so it doesn't consume significant battery or data.

When you open the Pi app, you tap a button to signal that you're active. The app then uses your network connections and the SCP to secure the ledger. Your mining rate depends on your security circle, your contribution to the network, and your engagement. For example, you can boost your rate by inviting trusted members to join your security circle. This system is designed to be user-friendly, allowing even complete novices to mine Pi cryptocoin with just a few taps a day.

Is Pi cryptocurrency legit or a scam?

Pi Network is a legitimate project with a large user base and a credible team, but its long-term value remains unproven.

While many people question its legitimacy because Pi isn't yet tradeable on exchanges, the project has clear goals and a real team. However, it's important to be cautious: always avoid sharing your private keys or paying money to