The founders of Pi Currency are a group of Stanford University graduates with skills in computer science and blockchain technology. They wanted to make cryptocurrency easy for everyone to use.
Did you know SCP maintains decentralization by using quorum slices? They allow participants to agree without a central authority.
The Origins of Pi Currency
Pi Currency was built to make crypto simple for regular people. It officially launched on March 14, 2019—a clever nod to “Pi Day” (3.14), matching its name. The creators wanted to fix the big headaches of older cryptos like Bitcoin: crazy fees, heavy energy use, and setups so complicated they scare off non-tech users.
Pi cuts through all that. It’s designed to be lightweight, green, and something anyone with a phone can use.Here’s the big difference: Bitcoin mining burns enough energy to power small countries, but Pi lets people mine coins right from their smartphones—no fancy rigs or electricity waste. That’s why it stands out as one of the few eco-friendly and genuinely simple crypto projects out there.
The Founders of Pi Currency
Pi Currency was created by a team of Stanford University graduates who brought together their skill in blockchain technology. The two key founders are
1. Dr. Nicolas Kokkalis
Dr. Nicolas Kokkalis is the brains behind Pi Network’s technology. A Stanford-trained computer scientist with a doctorate in distributed systems, he’s spent years exploring how to make decentralized applications practical for everyday use. Before Pi, his research focused on blockchain’s potential to reshape social computing—work that directly influenced Pi’s user-friendly design.
What sets him apart? He didn’t just recycle existing crypto blueprints. Thanks to his approach, Pi avoids Bitcoin’s environmental baggage while keeping the door open for millions of non-technical users
2. Dr. Chengdiao Fan
Dr. Chengdiao Fan leads Product Development at Pi Network, bringing a rare blend of technical and human-centric expertise. With a Ph.D. in Computational Anthropology from Stanford, she specializes in understanding how people interact with technology.
By studying real-world human behavior, she’s helped design Pi to feel intuitive and socially engaging, unlike cold, transactional cryptocurrencies. This focus on human dynamics over pure algorithms is what makes Pi stand out in the crowded blockchain space.
Milestones in Pi Currency’s History
Launch of the Testnet (2019)
The Launch of the Testnet (2019) for the Pi Network marked a significant milestone in its development. The Testnet phase was introduced to test the network’s functionality, scalability, and security before transitioning to the mainnet.
Did You Know SCP protocol supports millions of transactions per second.
Source : Slideplayer
What is Node Testing?
The team tried to break their system on purpose—attacking its security and overloading it with fake users—to fix problems before launch. This way, when real people started using it, everything would work smoothly
During those months of testing, the team learned things far more useful than any whitepaper. They found unexpected problems, fixed security weaknesses, and improved Pi so it could handle success. This hard, unseen effort is what makes a real project different from fake ones
Why is Node Testing Important for Pi Network?
- Nodes check and confirm transactions to verify they’re correct and trustworthy.
- It ensures the network is protected from hacking or technical issues by fixing any weak points during testing.
- Node testing is like a practice round for Pi Network’s technology.
- Nodes make sure no single person or group controls the network. The more nodes, the stronger and fairer it becomes.
Blockchain Simulation
Blockchain simulation is a controlled testing process where Pi Network mimics real-world conditions—but without real money or transactions. Think of it like
- A fire drill for buildings .
- A flight simulator for pilots
Why is Blockchain Simulation Important for Pi Network?
- It helps check if the blockchain can process transactions, keep records, and handle user activities properly.
- Any errors or bugs can be found and fixed during the simulation.
- By simulating the blockchain, Pi Network shows its community how it works and proves it’s safe and efficient.
- It ensures the blockchain can handle more users and transactions as Pi Network becomes more popular.
Community Involvement
Community Involvement in the Pi Network means actively engaging its users to join in building and growing the network. This can include activities like mining Pi on their phones, running Pi Nodes, testing features, and sharing feedback.
Why is Community Involvement Important in Pi Network?
- A strong and diverse community ensures no single entity controls the network.
- The more people who join and use the Pi Network, the stronger and more valuable it becomes.
- Users help test features and give feedback to fix bugs and improve the platform.
- When people are involved in creating something, they trust it more and promote it.
Introduction of KYC Verification (2021)
Know Your Customer (KYC) is a verification process that confirms users are real, unique individuals—not bots, duplicates, or fraudsters.
Why is KYC Important in Pi Network?
- KYC helps stop people from creating multiple fake accounts to mine more Pi unfairly.
- KYC strengthens the security of the Pi Network so only genuine users take part.
- Verifying user identities creates a trustworthy network where everyone knows the platform is secure and legitimate.
- KYC ensures the Pi Network follows global laws and regulations about preventing fraud.
- Users need to finish KYC to transfer their mined Pi from the test phase to the mainnet.
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Mainnet Development (2024-Present)
Mainnet Development in the Pi Network is the phase where the Pi blockchain is fully launched and operates independently. They allow real transactions with real value. This is the most critical stage because it transitions Pi from a test system to a functional cryptocurrency.
Why is Mainnet Development Important in Pi Network?
- A fully operational blockchain attracts more developers and businesses to build apps and services on the Pi Network.
- Users can transfer Pi coins for real-world purposes, like buying goods, services, or trading.
- The network becomes more decentralized as more nodes run independently, ensuring no single entity controls it.
- With the mainnet, Pi coins gain real value, allowing users to use them in the growing Pi ecosystem.
- The mainnet is more secure and robust compared to earlier phases, protecting user data and transactions.
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Conclusion
The story of Pi Currency reveals the dedication of its founders. They worked hard to create a cryptocurrency that is easy to use. It is also eco-friendly and focused on building a strong community.
Dr. Nicolas Kokkalis and Dr. Chengdiao Fan used their knowledge effectively. They used their skills to build a platform. This platform will change how people see and use digital money. Their goal was to make cryptocurrency simple and available to everyone.
Also Read: What is pi network?
Faqs
What is the Pi Network mainnet?
The mainnet is the fully operational blockchain of Pi Network where Pi coins can be used for real transactions.
When will the Pi mainnet be launched?
The mainnet is already under development (2024-Present). Exact timelines for all features depend on project progress and testing.
Can I use my Pi coins during the mainnet phase?
Yes, after completing KYC, your Pi coins can be transferred to the mainnet and used for transactions or trading.
How do I earn Pi coins?
You can earn Pi coins by logging into the Pi Network app daily and tapping the mining button. You can also increase earnings by inviting others or running a node.
How can I use Pi coins?
Pi coins can be used for transactions, trading, and buying goods or services in the Pi ecosystem.
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