Pi Network Unveils Blockchain Model with Mobile-First Mining

The Pi Network Whitepaper outlines its vision for a blockchain platform run by everyday people. The project, founded by Nicolas Kokkalis and Chengdiao Fan, both Stanford PhDs, aims to make crypto mining accessible on mobile devices without excessive energy consumption.

The paper's core design is based on the Stellar Consensus Protocol, which uses a trust graph built from users' security circles to guide how nodes pick quorum slices. This consensus method allows for faster transaction processing times, with blocks containing up to 1,000 transactions every five seconds.

The Pi Network has set a maximum supply of 100 billion Pi tokens, allocated as follows: 65% for pioneer mining rewards, 10% for the ecosystem and community, 5% for liquidity reserve, and 20% for the core team. The team's share is unlocked at a slower rate than community supply circulation.

The project's roadmap has three phases: beta, testnet, and mainnet. While the official roadmap page carries a legacy notice, upgrades continue, with Protocol 27 reaching Mainnet in September 2026. Governance remains mostly a plan, with a proposed constitutional convention after reaching 5 million members.