As of March 19, 2025, Pi Network has introduced several key updates:
Two-Factor Authentication (2FA) Implementation:
To enhance wallet security, Pi Network has introduced mandatory two-factor authentication (2FA). This feature requires selected Pioneers to verify their accounts using a trusted email address before migrating their Pi balances to the Mainnet. Pioneers who have recently migrated their Pi but are within the 14-day pending period must complete the 2FA process to finalize their migration. Failure to do so will result in the Pi Coins being securely returned to their mining app.
Open Network Launch Timeline:
Pi Network has announced that the Open Network phase is scheduled to commence in the first quarter of 2025. This decision aims to allow more Pioneers to complete their Know Your Customer (KYC) verifications and migrate to the Mainnet, thereby enhancing network inclusivity and stability. The specific launch date will be announced once the network approaches its goal of 10 million Mainnet-migrated Pioneers.
KYC and Mainnet Migration Progress:
The network has surpassed 18 million KYC-verified Pioneers, with over 8 million having successfully migrated to the Mainnet. Efforts continue to bridge the gap between KYC completions and Mainnet migrations to meet the Open Network launch conditions.
Node Software Update:
Pi Network has released Node Version 0.5.0, transitioning Nodes to the Testnet2 blockchain. This update is a crucial step in preparing Nodes for the upcoming Mainnet, allowing Node operators to test the transition between Testnet and Mainnet environments.
Market Developments:
Despite these advancements, Pi Coin has experienced a recent price decline, attributed to factors such as upcoming token unlocks and delays in exchange listings. The community continues to advocate for official exchange listings to enhance liquidity and adoption.
These updates reflect Pi Network's ongoing efforts to enhance security, expand user participation, and progress toward a fully operational Mainnet.
