Pi Network claims to be the first digital currency you can mine on your mobile phone although Electroneum and MIB coin has been doing it for a while.

Developed by 2 Stanford PhDs and one Stanford MBA, Pi wants to bring crypto closer to those who are left out of the cryptocurrency revolution by making mining easy using their energy-light mobile app that we can install on our phones. 

Build on top of Stellar Consensus Protocol (SCP), Pi Network intends to allow devices of individuals to contribute on the protocol level and get rewarded, including mobile phones, laptops, and computers.

From their whitepaper:

Below is an introduction on how Pi applies SCP to enabling mining by individuals.

There are four roles Pi users can play, as Pi miners. Namely:

• Pioneer. A user of the Pi mobile app who is simply confirming that they are not a “robot” on a daily basis. This user validates their presence every time they sign in to the app. They can also open the app to request transactions (e.g. make a payment in Pi to another Pioneer)

• Contributor. A user of the Pi mobile app who is contributing by providing a list of pioneers he or she knows and trusts. In aggregate, Pi contributors will build a global trust graph.

• Ambassador. A user of the Pi mobile app who is introducing other users into Pi network.

• Node. A user who is a pioneer, a contributor using the Pi mobile app, and is also running the Pi node software on their desktop or laptop computer. The Pi node software is the software that runs the core SCP algorithm, taking into account the trust graph information provided by the Contributors.

A user can play more than one of the above roles. All roles are necessary, thus all roles are rewarded with newly minted Pi on a daily basis as long as they participated and contributed during that given day. In the loose definition of a “miner” being a user who receives newly minted currency as a reward for contributions, all four roles are considered to be Pi miners. We define“mining” more broadly than its traditional meaning equated to executing proof of work consensus algorithm as in Bitcoin or Ethereum.

If you want to know more about Pi, you can read their whitepaper.

And if you are sold, you can download the app and start earning Pi's. Once you're in, you only need to tap a button to earn. Tapping it means that you are proving you are a human being.

It's still currently in beta and invitation-only so if you want to give it a try, you can use my code ronalddays to get in.