RUMOUR: Pi Network Set To Launch Open Mainnet On June 28th, 2024: 10 Essential Steps Leading To The Event
*This article first appeared in Newsway
Pi Network, a promising project in the cryptocurrency space, is rumored to be on the brink of launching its open Mainnet on June 28th, 2024. This eagerly awaited event represents a significant stride towards the projectâs overarching goal of democratizing access to financial services globally. As the anticipated date approaches, here are ten crucial steps that Pi Network must undertake to ensure a successful Mainnet launch.
1. Core Protocol Development:
Finalizing the development and rigorous testing of the core protocol is paramount. This includes perfecting consensus algorithms, fortifying security measures.
2. Security Audits:
Conducting thorough security audits is imperative to identify and address any vulnerabilities within the networkâs code and infrastructure.
3. Network Stress Testing:
Rigorous stress testing is conducted to validate the Mainnetâs capacity to handle anticipated user activity levels.
4. Bug Bounty Programs:
Engaging the community through bug bounty programs incentivizes users and security experts to contribute to network security by identifying and reporting vulnerabilities, further fortifying the Mainnetâs defenses.
5. Wallet Development:
The development and testing of a secure and user-friendly wallet interface are pivotal.
6. Smart Contract Deployment:
Finalizing the development and secure deployment of smart contracts is vital for facilitating transactions and executing programmable functions on the Mainnet.
7. Regulatory Compliance:
Navigating regulatory landscapes is crucial for fostering trust and widespread adoption.
8. Token Migration Plan:
A comprehensive token migration plan, if applicable, ensures a seamless transition for users from testnet or to the Mainnet, safeguarding their assets and transaction history.
9. Educating and engaging the community.
10. Mainnet Launch Communication:
