The founders of Pi Currency are a group of Stanford University graduates with skills in computer science and blockchain technology.
The Origins of Pi Currency
Pi was started by a group of Stanford University graduates. They come from computer science and blockchain backgrounds, so they really understand how crypto works behind the scenes.
But here’s the interesting part… They noticed something big. Most cryptocurrencies, like Bitcoin, are powerful, but they also have some drawbacks, including
- complicated,
- High transaction fees.
- Massive electricity consumption.
- And mining setups that look like something from a sci-fi lab.
For the average person, crypto feels difficult. So they asked a simple question:
👉 What if cryptocurrency were easy?
👉 What if anyone with a smartphone could mine it?
That’s how Pi Network was born. It officially launched on March 14, 2019.
Unlike Bitcoin, which consumes huge amounts of electricity, Pi was designed to be
- lightweight and mobile-friendly.
- No expensive mining machines.
- No massive power bills.
- Just your phone.
The goal? Make crypto simple, accessible, and more eco-friendly. Now, whether it succeeds long-term, that’s still a debate. But the idea behind it? Making crypto for everyday people instead of tech experts, that’s what makes Pi different.
The Founders of Pi Currency
Pi Currency was created by a team of Stanford University graduates who brought together their skills in blockchain technology. The two key founders are
1. Dr Nicolas Kokkalis
He’s one of the main minds behind Pi Network and not just a random crypto enthusiast. He holds a PhD from Stanford University and specializes in computer science.
In simple words? He understands how large networks and complex digital systems actually work. But here’s what makes him interesting. Before Pi, he was deeply involved in blockchain research.
He noticed something most people don’t talk about. Cryptocurrency sounds revolutionary… but for the average person, it’s confusing.
- Wallet keys.
- Gas fees.
- Mining rigs.
- Private phrases.
For many people, it feels overwhelming. Dr Nicolas believed crypto should not be limited to tech experts. It should be something regular people can understand and use.
That idea became the foundation of Pi Network. Instead of creating another energy-hungry system like Bitcoin, he focused on building something mobile-first.
- Something simple.
- Something accessible.
His vision wasn’t just about digital money; it was about making blockchain technology usable for everyday users. Now, of course, like any crypto project, Pi has supporters and critics.
But one thing is clear: Dr Nicolas Kokkalis didn’t build Pi just to follow the hype. He built it to challenge the way crypto usually works. And whether Pi succeeds long-term or not, his goal was simple:
- Make crypto less intimidating…
- and more inclusive.
2. Dr. Chengdiao Fan
She is one of the co-founders of Pi Network and plays a very important role in the project. Dr Chengdiao Fan also studied at Stanford University. Her background is not just in technology, but in social sciences and human behaviour. That’s interesting because most crypto projects are built only by technical experts.
She focuses more on the human side of technology. And that matters. Because cryptocurrency is not just about code. It’s about people using it.
Before Pi, she worked on research related to social computing, basically studying how people interact online, how communities grow, and how trust is built in digital platforms. That experience became very useful for Pi Network.
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?
Node testing is checking a blockchain node to make sure it works properly and stays connected to the network.
Why is Node Testing Important for Pi Network?
- Nodes check transactions to verify they’re correct.
- It ensures the network is protected from hacking or technical issues.
- 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 environment where Pi Network mimics real-world conditions but without real transactions. For example
- A fire drill for buildings.
- A flight simulator for pilots
Why is Blockchain Simulation Important for Pi Network?
- It processes transactions, keeps records, and handles user activities properly.
- Any bugs can be found and fixed during the simulation.
- It ensures the blockchain can handle more users and transactions as Pi Network becomes more popular.
Introduction of KYC Verification (2021)
Know Your Customer (KYC) is a verification process that confirms users are real and not bots.
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.
- It helps to verify user identities where everyone knows the platform is secure and legitimate.
- KYC ensures the Pi Network follows global laws and regulations.
- 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 is the phase where the Pi blockchain is 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 or services.
- The network becomes more decentralised as more nodes run independently.
- The mainnet is more secure and robust compared to earlier phases.
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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.
Faqs
What is the Pi Network mainnet?
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