Pi Network started its journey in 2019 with a unique concept based on mining via smartphones without the need for high energy consumption, which made it attract millions of users around the world. The network relied on the "Stellar Consensus Protocol", which allows individuals to participate in mining operations using their mobile phones, without the need for powerful devices or high energy costs.
Pi Network is currently approaching the launch of the Open Network phase, which is a major step towards the Mainnet, which aims to be a decentralized and inclusive platform. The KYC verification process is necessary to enable users to migrate to the Mainnet, and the project team has urged users to complete this process by September 30, 2024, to ensure a smooth transition.
Technically, the Pi Network team is focused on improving the network nodes and developing a robust infrastructure to support the hundreds of thousands of nodes that make up the network. This is an important step towards building a scalable blockchain system that supports decentralized computing, and increases the network’s sustainability and ease of use.
Future expectations
As time goes by, users are still waiting for the official launch date of the mainnet, and new announcements about the project are expected soon, according to the development team and active discussions within the Pi Network community. These developments reflect the team’s commitment to developing the infrastructure and making the network ready to receive a large number of users in a sustainable and secure manner.
Pi Network is well positioned to build a bright future for its users with its vision of providing decentralized blockchain services with accessible technology, making it one of the most promising projects in the world of cryptocurrencies.
$BNB $ETH $BTC
#BinanceTurns7
#MarketDownturn