What Is Pi Network And Who Is The Founder? Check Here!

Understanding Pi Network and its founders. (Doc. Pi Network)

JAKARTA Pi Networkkian has been popular lately. Especially after the unofficial listing of Pi Coin on a number of exchanges. This situation has been clarified by Pi Network by stating that it has not been affiliated with any party because it is currently under closed development.

Not a few are wondering what is the Pi Network that caused a stir in the crypto community over using the MLM scheme? Who is the developer of the Pi Network? Voi.id will briefly outline it.

What is Pi Network?

Pi Network was first founded in 2019 by Stanford University academics Nicolas Kokkalis and Chengdiao Fan. Pi Network is available in the form of downloaded apps on the Playstore and App Store.

Based on information from its official website page, Pi Network is a service that facilitates crypto mining via mobile phones. The mining process is also claimed to be done without having to consume smartphone battery power.

On the other hand, crypto mining generally has to use high computing devices and consume a lot of energy. A number of coins that can be mined usually use Proof-of-Work (PoW) models such as Bitcoin, Dogecoin, and so on.

This is different from the Pi Network which allows users to mine Pi Coin via smartphones. Because of the convenience of mining coins, the Pi Network attracts the attention of many people in various countries. Only through mobile devices, you can monitor mining metrics in the Pi Network application.

However, to mine Pi Coin, beginners must first receive referrals from previous miners. That way, he will become a Pioneer level miner.

Pi Coin is a cryptocurrency native to Pi Network. Pi Coin can be used to buy a number of items in the Pi Chain Mall marketplace, the e-commerce developed on the Pi network. Because Pi is still in a closed internet and has not been affiliated with an outside company, Pi cannot be disbursed in the form of money. In the future, the developer plans to provide Pi withdrawal services. However, the developer of Pi Network has not explained the exact details time.

Who is the Founder of the Pi Network?

Based on the information on the official website, there are three founders of the Pi Network, namely Dr. Nicolas Kokkalis as Heaf of Technology, Dr. Chengdiao Fan serves as Head of Product, and Vincent McPhillip who heads the Head of Community.

Dr. Nicolas Kokkalis is responsible for developing this project. He attended the University of Credit from 1998 to 2022. Then continued his studies to take Master's degree at the University of Toronto and Stanford University for Management Science and Engineering. It didn't stop there Kokkalis then took a Ph.D in the Electrical Engineering field at Stanford.

Then, Dr. Chengdiao Fan is Kokkalis' partner at Stanford University. Fan won a Ph.D in the field of Computational Anthropology. He went to an important battle in the expansion of Pi Network in Asia and America. Prior to entering Pi Network. Fan served as CEO at Myriadhub Inc. in 2017.

Lastly, Vince Mcphilip. He served as Head of Community Pi Network. Not much different from his two colleagues, Mcphilip also has a strong academic background. Mcphilip is an alumnus Yale University in the field of Political Science.

Pi Network App

As mentioned above, the Pi Network application has applications that can be downloaded by Android and iOS users. After downloading the application, users are required to register first by creating a username and password. Then the user will be directed to verify KYC (Know Your Customer).

For KYC, users are usually required to verify email addresses, phone numbers, and Facebook accounts. If you already have a referral link, users will be able to mine Pi Coin. For those who are not familiar with this mining method, users can follow the directions in the video tutorial in the application. On the other hand, this Pi Network application is still basic.

Although the popularity of Pi Network has increased in recent weeks, you are expected to continue to do your own research or DYOR (Do Your Own Research).