Pi Network is a cryptocurrency project that aims to create a decentralized and user-friendly digital currency that can be mined using mobile devices. It was created by a team of Stanford graduates and launched in 2019. Pi Network is often compared to Bitcoin due to its mining process but it has some distinct differences.
Key Features and Technologies:
Mobile Mining: Pi Network allows users to mine its cryptocurrency, Pi, using their smartphones. This approach is designed to be energy-efficient and user-friendly, as it doesn't require specialized mining hardware or significant energy consumption.
Security: Pi Network employs a unique consensus algorithm called the Stellar Consensus Protocol (SCP), known for its security and low energy consumption. Unlike Proof of Work (PoW) used by Bitcoin, which requires a lot of computational power, SCP relies on validating nodes to confirm transactions.
User-Friendly: Pi Network has put a strong emphasis on being user-friendly. Users can mine Pi by opening the app once a day, which is a significant departure from the complex mining processes of other cryptocurrencies.
Privacy: Pi Network has implemented a strong focus on user privacy, using zero-knowledge proofs to protect user data and transaction information.
Decentralization: Pi Network aims to create a decentralized network where users have control over their funds and transactions. The network is still in its early stages, with tto achievedecentralization over time.
Pi Coin Price
Pi Network's Pi token did not have a market value because it was in the testnet phase and not yet tradable on major cryptocurrency exchanges. The project's goal was to accumulate a user base and validate the network's security before launching on the open market. However, it's important to note that the cryptocurrency market is highly volatile and subject to rapid changes.
To get the most current information about the Pi Network, its technologies, and the price of the Pi token, I recommend checking the official Pi Network website and recent news sources.
Q&A For PI NETWORK Cryptocurrency
How much is a one Pi Network worth now?
1 Pi Network worth $32.39 now.
What is the price of PI?
The price of PI is $32.39.
What is the Pi Network max supply?
The max supply of Pi Network is 0.
What is the Pi Network stock symbol or ticker?
The stock symbol or ticker of Pi Network is PI.
How many PI coins are there in circulation?
There are 0 coins in circulation of PI.
What is the exchange rate of Pi Network(PI)?
The exchange rate of Pi Network is $32.39.
What was Pi Network's trading volume in 24 hours?
Pi Network's 24-hour trading volume is $495.91K.
What was the highest price paid for Pi Network?
Pi Network reached a record high of $307.49 on Dec 30, 2022
FAQs
Pi Network price today is $ 41.25 with a 24-hour trading volume of $ 322,171, market cap of $ 0.00, and market dominance of 0.00%. The PI price decreased -0.76% in the last 24 hours.
What is Pi Network Pi worth today? ›
Price of PI today
The live price of Pi is $ 39.96 per (PI / USD) with a current market cap of $ 0 USD. 24-hour trading volume is $ 136,450.18 USD. PI to USD price is updated in real-time. Pi is -3.27% in the last 24 hours with a circulating supply of 0.
How much is 1 pi in dollars? ›
PI to USD
| Amount | Today at 8:19 am |
|---|
| 0.5 PI | $0.0011 |
| 1 PI | $0.0023 |
| 5 PI | $0.0113 |
| 10 PI | $0.0226 |
4 more rowsPi Coin Price Prediction Summary
The project launched its pre-Mainnet in 2019. It is currently in its closed-Mainnet, meaning it cannot interact with other blockchains. Our Pi coin forecast estimates a price of $0.4 by the end of 2024. Our 2030 Pi coin price prediction estimates a price of $1.05.
Can you cash out pi coin? ›
Pi Network itself does not currently offer any way to withdraw Pi except for a pilot program on their partner platform, Pi Chain Mall (PCM). Here's a breakdown of the current situation: Official Withdrawals (Limited): PCM launched a limited Pi withdrawal feature in February 2024.
What is the PI coin price prediction? ›
According to our Pi Network price prediction, PI is forecasted to trade within a price range of $ 42.18 and $ 200.28 next year. Pi Network will increase by 382.69% and reach $ 200.28 if it reaches the higher value target for 2025.
Can I convert my pi coin to USD? ›
You can convert Pi Network to US Dollar by selling PI for USD on a cryptocurrency exchange.
Can pi be traded now? ›
Pi Network is currently not trading with any fiat currency.
What is pi price all time high? ›
The highest price paid for Pi Network (PI) is $307.49, which was recorded on Dec 30, 2022 (over 1 year). Comparatively, the current price is 86.32% lower than the all-time high price.
As of now, the price of 1 Pi Network (PI) in Nigerian Naira (NGN) is about ₦58,077.39.
What is the price of pi network stock? ›
Pi Network Price Live Data
| Pi Network Price | $ 41.25 |
|---|
| Diluted Market Cap | $ 4.12T |
| 24H Volume | $ 322,171 |
| Vol. / M. Cap Ratio | - |
| Dominance | 0.00% |
17 more rowsPi Coin can reach the maximum price level of $253.16 in 2025. The average price of Pi Coin can reach around $539.88 in 2030. Pi Coin can hit the target of $1000 in 2040.
How to mine pi faster? ›
Enhance your security circle after three sessions by tapping the lightning icon, selecting "Edit Security Circle," and adding at least five existing Pi users from your contacts. This action doubles your mining rate. Boost your mining even further by inviting friends to join the π network.
Does Tesla accept the Pi network? ›
Tesla and Amazon's decision to recognize Pi Network as an official payment method came as a surprise to many. Tesla, led by Elon Musk, has long been a pioneer in crypto adoption with its decision to accept Bitcoin as payment for its electric vehicles.
How much is the value of pi? ›
The value of pi is approximately 3.14, or 22/7. To 39 decimal places, pi is 3.141592653589793238462643383279502884197. Pi is an irrational number, which means it is not equal to the ratio of any two whole numbers.
How can I buy pi coin? ›
You can only get your hands on it through mining. No Indian or foreign cryptocurrency exchanges list Pi Coin for trading. So, mining is your golden ticket to acquiring this elusive currency.
How much is a bee coin worth? ›
1 BEE = 0.0003402 USD.
