Crypto Ahmet
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Bullish
🤔Pi Network prepares to open to external networks amid listing challenges❓
#Pi Network, a blockchain-based platform that allows users to mine PI coins, has set the launch date for its Open Network mainnet for February 20, according to a press release obtained by CryptoSlate.
The long-awaited transition comes after several delays, with the project claiming to have made significant progress, including millions of KYC-verified users and a growing utility-focused ecosystem.
Open Network
Since December 2021, #PiNetwork has operated in a Closed Network phase, which limits external interactions.
The upcoming Open Network phase will change this by allowing the blockchain to connect to external networks. This change will expand real-world use cases by allowing users, known as Pioneers, to transact beyond the Pi ecosystem.
Pi Network’s ecosystem includes utility-based applications, a social network for crypto users, and a blockchain designed for frictionless transactions. Once the firewall is removed, anyone can run a node on the mainnet blockchain.
However, Pi’s Core Team will prioritize experienced users by inviting them to migrate their nodes from the testnet to the mainnet. This process will be managed through the desktop node UI, prioritizing those with high reliability scores and consistent contributions. Additionally, node rankings will be publicly published.
Nicolas Kokkalis, Pi Network’s Chief Technology Officer and co-founder, emphasized the accessibility of the platform. He emphasized that Pi has made crypto available to millions of people worldwide by allowing users to mine crypto for free on mobile phones.
According to Kokkalis, the blockchain also supports identity verification for individuals and businesses, a rare feature among Layer-1 networks. This feature enables seamless interactions between third-party applications, verified users, and businesses.
#TraderProfile #PPIShockwave #MarketLiquidation
#Pi Network, a blockchain-based platform that allows users to mine PI coins, has set the launch date for its Open Network mainnet for February 20, according to a press release obtained by CryptoSlate.
The long-awaited transition comes after several delays, with the project claiming to have made significant progress, including millions of KYC-verified users and a growing utility-focused ecosystem.
Open Network
Since December 2021, #PiNetwork has operated in a Closed Network phase, which limits external interactions.
The upcoming Open Network phase will change this by allowing the blockchain to connect to external networks. This change will expand real-world use cases by allowing users, known as Pioneers, to transact beyond the Pi ecosystem.
Pi Network’s ecosystem includes utility-based applications, a social network for crypto users, and a blockchain designed for frictionless transactions. Once the firewall is removed, anyone can run a node on the mainnet blockchain.
However, Pi’s Core Team will prioritize experienced users by inviting them to migrate their nodes from the testnet to the mainnet. This process will be managed through the desktop node UI, prioritizing those with high reliability scores and consistent contributions. Additionally, node rankings will be publicly published.
Nicolas Kokkalis, Pi Network’s Chief Technology Officer and co-founder, emphasized the accessibility of the platform. He emphasized that Pi has made crypto available to millions of people worldwide by allowing users to mine crypto for free on mobile phones.
According to Kokkalis, the blockchain also supports identity verification for individuals and businesses, a rare feature among Layer-1 networks. This feature enables seamless interactions between third-party applications, verified users, and businesses.
#TraderProfile #PPIShockwave #MarketLiquidation
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
