Pi Network's Open Mainnet: Will year 2025 be the Big Launch
The Pi Network community has been eagerly waiting for the launch of the Open Mainnet, which promises to make Pi a fully decentralized and user-driven cryptocurrency. As we approach the end of Q3 2024, the big question remains: Will 2025 finally be the year Pi reaches this major milestone?
Recent updates from the Pi Core Team have stirred much discussion, especially with the slow progress in migration. Despite hopes that migrations would speed up, the process has been slower than expected.
Pi Network open mainnet: Progress and Challenges in Migration
In June 2024, the Pi Core Team emphasized the importance of the mainnet node software in transitioning to Open Mainnet. However, progress since then has been slower than many anticipated. Over the last 75 days, only 400,000 new migrations have taken place, bringing the total to 6.2 million—well short of the 10 million many had predicted by now.
Despite this slow migration, the Pi developers are not rushing the process. Their focus is on laying a solid foundation, carefully testing the mainnet node software, which is seen as crucial to the success of the Open Mainnet. Given this deliberate approach, it's unlikely they will speed up development anytime soon.
Pi Network Key Issues: Governance and the Whitepaper
One of the biggest challenges still facing the Pi Network is the issue of governance. The community eagerly awaits the expansion of Chapter 3 of the whitepaper, which is expected to cover crucial topics like governance, token supply, and decentralization. Without these key elements in place, moving forward to Open Mainnet would be difficult.
However, there is growing optimism that Pi Network could realistically launch its Open Mainnet in 2025. With Pi Day (March 14th) being a symbolic date for the community, some are hopeful that by December 2024, the Pi Core Team will make an announcement laying the groundwork for a potential Pi Day launch.
While challenges remain, the future looks bright for Pi Network as it continues its journey towards decentralization.
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