The Pi Core Team (PCT) still holds significant control over the system, with 62.8 billion Pi stored in 6 wallets controlled by PCT, and an additional 20 billion Pi stored in 10,000 wallets associated with the team, indicating that PCT still possesses most of the supply and power.
💥 On the other hand, compared to the thousands of nodes in recent Bitcoin (over 21,000 nodes) or Ethereum (over 6,600 nodes), the number of 43 super nodes in the Pi Network is indeed very few.
🙏 This contradicts the fundamental principle of widespread decentralization in blockchain.
💥 The Pi Network is based on the Stellar Consensus Protocol (SCP), which prioritizes efficiency and low energy consumption as a consensus mechanism but heavily relies on trusted nodes (such as super nodes).
💥 Limiting the number of super nodes may simply be a temporary strategy to ensure system stability before scaling. However, if PCT does not disclose the selection criteria for super nodes or increase community participation, decentralization will still be questioned.
💥 The open network of Pi Network will launch on February 20, 2025, and list PI on CEX exchanges like OKX, indicating that the project has met certain conditions set by the development team earlier (e.g., 10 million users switching to the mainnet, over 19 million users verifying KYC). However, this does not mean the network is fully decentralized. The open network merely means that the Pi blockchain has removed the 'firewall' from the closed mainnet phase, allowing connections to external systems, including wallets and exchanges.
This is a functional advancement but does not definitively prove that the network has achieved full decentralization.
💥 In fact, listing on CEX exchanges like OKX typically does not require the blockchain to be fully decentralized. Exchanges only need the token to have liquidity, possess a sufficiently large community, and meet their technical standards. Therefore, the event on February 20, 2025, can only be regarded as a milestone in business and technology, and does not reflect the true level of decentralization of Pi while the node infrastructure remains incomplete.
