Pi Network, with its name coming from PI(π), began on March 14, 2019. Pi's core team is led by two PhDs and one MBA from Stanford University, who have helped build the blockchain community at Stanford University.
Pi Network builds a consensus mechanism based on the SCP and the FBA protocols, which are more light-weighted and without consuming resources. You only need to run the Pi Network APP to mine and get π tokens. The whole mining process does not influence the operation of the mobile phone nor occupy the CPU or GPU.