Introduction

The Pi Network has been making significant strides in its journey towards becoming a fully operational decentralized network. As we approach the year 2024, the Pi Core Team is diligently working to achieve several critical milestones. In this article, we'll explore the recent updates, the roadmap, and the conditions necessary for the Pi Network to transition to the Open Network phase.

Recent Progress:

Since Pi2Day (June 28th, 2022), the Pi Core Team has made substantial progress in building the necessary infrastructure and components for the Mainnet migration. Let's delve into the key areas of development:

1. Mainnet Preparation

The Pi Core Team has been actively working on the technical and product aspects required for the Mainnet launch. This includes:

- Technology: The team is finalizing technical preparations, ensuring that the network is robust, secure, and scalable.

- Product: Improvements to the Pi Network mobile mining app are underway. The onboarding experience for new users will be streamlined, featuring a simplified registration process and a more user-friendly interface⁴.

2. Network KYC and Migration

The success of the Pi Network relies on achieving critical mass in network KYC (Know Your Customer) verification and seamless migration to the Mainnet. Here are the specific targets:

- KYC Verification: The goal is to have 15 million Pioneers pass KYC, including both fully and tentatively verified accounts.

- Migration: At least 10 million Pioneers should migrate to the Mainnet, ensuring a robust user base for the Pi ecosystem.

3. Utility Creation

The Pi Network aims to create a vibrant ecosystem with real-world utility. To achieve this, the following targets have been set:

- Real Pi Apps: The network aims to have 100 real Pi apps that meet specific criteria:

- These apps must be on the Mainnet or Mainnet-ready.

- They should comply with Pi platform policies.

- Each app should address a genuine need and bring utility to the Pi ecosystem.

- Clones of existing apps won't count; distinct applications are essential¹.

Conditions for Open Network in 2024

The transition to the Open Network phase is contingent upon meeting the following three essential conditions:

1. Preparation Work: The Pi Core Team must complete all preparation work related to technology, product, business, and legal aspects. The V2 Roadmap outlines most technical and product milestones, while business and legal work remains ongoing.

2. Network KYC and Migration Goals: Achieving the specified targets for KYC verification and Pioneer migration is crucial. These goals ensure a strong foundation for the Pi ecosystem.

3. Utility Milestones: The creation of real Pi apps that enhance utility within the ecosystem is vital. These apps should solve real-world problems and contribute to Pi's vision of inclusivity and peer-to-peer interaction¹.

Conclusion

As we look ahead to 2024, the Pi Network community, developers, and the Core Team continue their collective efforts. The journey towards an open, decentralized network remains exciting, and Pi's vision of empowering users worldwide through cryptocurrency and utility is gradually becoming a reality.

Stay tuned for further updates as the Pi Network progresses towards its Open Network phase! 🚀🌟

References:

1. [Pi Network Blog: 2024 Update](https://minepi.com/blog/mainnet2024/)

2. [CoinCodex: Pi Network Launch Date & News](https://coincodex.com/article/32026/pi-network-launch-date/)

3. [Pi Network Blog: 2022 End of Year Updates](https://minepi.com/blog/tech-product-update-2022-h2/)

4. [BSC.News: Pi Network 2023 Roadmap](https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality)

Disclaimer: The information provided in this article is based on publicly available sources and official announcements. Readers are encouraged to verify details directly from the Pi Network's official channels.

#PiNetworkMainnet #picoinsell #picoinsell

Source: Conversation with Copilot, 12/07/2024

(1) Pi 2022 End of Year Updates | Pi Network. https://minepi.com/blog/tech-product-update-2022-h2/.

(2) 2024 Update | Pi Network. https://minepi.com/blog/mainnet2024/.

(3) Pi 2022 End of Year Updates | Pi Network. https://bing.com/search?q=PI+network+updates.

(4) What Is Pi Network? Launch Date & News | CoinCodex. https://coincodex.com/article/32026/pi-network-launch-date/.

(5) Pi Network 2023 Roadmap: Speculation or Reality? - bsc.news. https://www.bsc.news/post/pi-network-2023-roadmap-speculation-or-reality.