Pi Network, the innovative blockchain platform enabling users to mine PI coins, has officially set its Open Network mainnet launch for February 20, 2025, as per a press release obtained by CryptoSlate. This long-anticipated transition follows a series of delays, with the project reporting major strides in its development, including millions of KYC-verified users and a rapidly expanding utility-driven ecosystem.
🔗 Transition to Open Network
Since December 2021, Pi Network has been operating under a Closed Network phase, restricting external blockchain interactions. However, the upcoming shift to an Open Network will eliminate these barriers, allowing Pioneers (Pi users) to conduct transactions beyond the Pi ecosystem. This change is expected to significantly broaden real-world applications, making Pi more accessible and valuable.
Pi Network’s infrastructure boasts utility-based applications, a crypto-friendly social network, and a blockchain optimized for seamless transactions. Once the network becomes fully decentralized, anyone will be able to operate a node on the mainnet blockchain, further strengthening the network’s security and scalability.
💡 Migration & Node Prioritization
To ensure a smooth transition, Pi’s Core Team will initially prioritize experienced users, granting them early access to migrate their nodes from the testnet to the mainnet. This will be managed via the desktop node UI, where reliability scores and consistent contributions will play a crucial role in ranking users. The node rankings will also be made public, promoting transparency and fairness within the ecosystem.
🌍 Pi’s Vision for Accessibility & Innovation
Co-founder and Chief Technology Officer Nicolas Kokkalis reaffirmed Pi Network’s mission to make cryptocurrency accessible to the masses. By enabling users to mine Pi on their mobile devices for free, the platform has successfully introduced millions to blockchain technology. Moreover, Pi Network integrates identity verification services for both individuals and businesses, a unique feature among Layer-1 blockchains. This function enhances trust and facilitates smooth interactions between verified users, businesses, and third-party applications.
With its imminent Open Network phase, Pi Network is on the verge of unlocking new possibilities, fostering greater adoption, and reinforcing its position in the blockchain industry.
🔥 Exciting times ahead! Stay tuned for February 20, as Pi Network takes a significant leap toward mainstream adoption! 🔥
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