Pi Network Achieves Full Decentralization: A New Era for Blockchain Governance

In a landmark development for the cryptocurrency world, Pi Network has officially transitioned to full decentralization. On May 14, 2025, during the Consensus 2025 conference in Toronto, the Pi Core Team (PCT) announced the shutdown of all central node verifiers, transferring complete control of the network to its global community of users, known as Pioneers. 

A Decentralized Vision Realized

Since its inception, Pi Network has aimed to create an inclusive and accessible digital currency ecosystem. The recent move to eliminate central node verifiers signifies the culmination of this vision, positioning Pi Network as a fully decentralized blockchain platform. This transition empowers Pioneers worldwide to validate transactions and maintain the network's integrity without centralized oversight.

The Role of Improved Proof of Stake (IPoS)

Central to Pi Network's decentralization is its proprietary consensus mechanism, Improved Proof of Stake (IPoS). Unlike traditional Proof of Work systems, IPoS enhances scalability and energy efficiency by allowing users to validate transactions based on their stake and participation in the network. This approach ensures a more democratic and sustainable blockchain environment. 

Global Participation and Node Distribution

The decentralization process has led to a significant increase in global node participation. Reports indicate that over 280 nodes are now operational worldwide, with notable concentrations in countries such as Vietnam, the United Kingdom, Germany, Italy, South Korea, Singapore, and Hong Kong. Vietnam alone hosts 116 active nodes, reflecting the widespread adoption and enthusiasm for Pi Network's decentralized model. 

Transparency Through Open-Source Initiatives

In line with its commitment to transparency, Pi Network has announced plans to release its source code to the public. This initiative will allow developers and users to audit the network's protocols, fostering trust and encouraging community-driven innovation.