The core team of Pi Network has officially closed the central node, marking a significant shift towards decentralization. This information comes after the network promised to unveil a significant ecosystem aligned with the Consensus 2025 event in Toronto, starting today.
Pi Network closes the central node before revealing the source code
The core team of Pi Network is said to have closed its central node, truly a significant step towards decentralization. The network has also announced plans to release its source code.
“The core team of Pi has closed the central node, ready to release the source code. Pi Network is sure to stir up the Consensus 2025 event,” Pi Network VietNames shared on X (Twitter).
The post highlights the shutting down of the central node and displays a network diagram that seemingly confirms the removal of this node.
This move aligns with Pi Network's long-term mission to transition from a centrally controlled project. It aims for a fully decentralized blockchain secured by its exclusive IPoS (Improved Proof of Stake) consensus mechanism.
“No more FUD about centralized scams or hidden logic. If there are bugs or backdoors, you will know. If the consensus model is secure, you will see. This is reliability on the blockchain,” Web 3 researcher and Pi supporter Tanner explained.
The planned release of Pi Network's source code could increase transparency and community trust. This occurs amidst long-standing concerns about the project's true decentralization.
The introduction-based mining model and the opaque governance structure of Pi Network have led many to question whether true decentralization can be achieved. Critics have pointed out the network's Supernode architecture as a risk of centralization.
According to a report by BeInCrypto, the Pi core team still plays a dominant role in selecting Supernodes. This team also holds approximately 82.8 billion PI tokens, raising alarms about power concentration.
Strategic moment when the 2025 consensus begins
The timing of these developments is not coincidental. In a post on May 8, Pi Network hinted at a major announcement, likely to be formally revealed at Consensus 2025. The network has stirred anticipation, recalling a promising major reveal in Wednesday's post.
“I think the time has come. 14/5/2025—Pi is about to explode,” Pi UpdatesDaily revealed in a post.
Amidst the excitement of Consensus 2025, with representatives from Pi Network attending, community members are anticipating three events. In addition to a mysterious announcement about a major ecosystem on Wednesday, there will be “something WONDERFUL/BEAUTIFUL” happening on Thursday, May 15, and a speech by Dr. Nicolas of Pi Network in Toronto.
“May 14: Announcement from the Pi Ecosystem, May 15: Hint about something WONDERFUL/BEAUTIFUL, May 16: Dr. Nicolas will personally speak,” Pi UpdatesDaily stated.
Indeed, considering its weight as one of the largest phases of blockchain, Consensus 2025 could provide Pi Network the opportunity to redefine public perception. Concerns remain about fraud claims, the closed mainnet, and inaccessible transfers.
Despite claims of decentralization, users in some regions are still restricted by network limitations. Access to features like "lightning" still requires a VPN. This highlights ongoing accessibility issues and raises questions about the true openness of the Pi ecosystem.
Meanwhile, other positive developments include updates for the Pi Network mining app and Pi Browser on the Play Store.
“Both the Pi Network mining app and the Pi Browser app received a new update on the Play Store today, just before the official announcement,” a Pi community leader emphasized.
Pi Network is proud to have over 100 million downloads for the mining app and 10 million downloads for the Pi Browser. Despite the updates, Pi Network community members still wish to be listed on Binance, a milestone that is quite elusive.
Pi could ultimately transition from a speculative mobile mining app to a legitimate Layer 1 protocol by demonstrating real progress in decentralization and open development.
In light of this development, the PI token of Pi Network has increased nearly 5% in the past 24 hours. The token is trading at $1.18 at the time of this writing.