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Since its launch in 2019, Pi Network has attracted widespread attention thanks to its ability to be mined via smartphones, which sets it apart from Bitcoin, which requires advanced mining equipment and high energy consumption. Pi Network seeks to provide a digital currency that is easily accessible to everyone, relying on blockchain technology and the Proof of Stake algorithm to secure the network.
With over 35 million users worldwide, Pi Network is preparing to launch its mainnet, which could boost its adoption as a daily payment method. However, the value of Pi remains undetermined officially, as it has not yet been listed on major exchanges.
While Pi Network is known for its ease of use and environmentally friendly mining, the question of whether it can compete with Bitcoin remains to be seen how it is accepted and adopted in global markets, the development of its ecosystem, and the determination of its future market value.