After months of speculation, the Pi Network community can have some semblance of relief with the release of a new update on the product roadmap. Multiple reports have indicated that the Pi Network team will be releasing a two-part roadmap, with the first version expected later this month (October) and the second version slated for December.
The milestone-based roadmap will mainly focus on the protocol’s products and programs—and highlight key achievements, current projects, and planned future undertakings.
Meanwhile, questions surrounding the release of the Pi Network Mainnet continue to linger since information regarding the exact date of its release was conspicuously missing in the roadmap update. Nonetheless, the soon-to-be-released product roadmap will touch on the important achievements leading to the launch of the Open Mainnet.
Pi Network Roadmap Release – 1st Version
This version of the roadmap will delve into the protocol’s past and current achievements for the products and projects within the ecosystem. In addition, the team hopes to capture the community’s attention with a transparent evaluation of how far the network has come and what should be expected in the near future. This version release will cover the history of the project and help the community internalize the imminent milestones and possibilities.
Pi Network Roadmap Release – 2nd Version
In the second version of the roadmap release, the Pi Network team will incorporate feedback from the community on the 1st version. The team is promising a more robust roadmap that will encompass future milestones on every product and program within the ecosystem.
A comprehensive view of the network’s undertakings ahead of the Open Mainnet release will also feature in the 2nd version. The Pi Core Team revealed that the second version of the roadmap will comprehensively expound on new features, product upgrades, terms and conditions, requirements, and other initiatives that must be accomplished before the Pi Network ushers in the Open Network phase.
When Does Pi Mainnet Launch?
The exact date of the mainnet release remains unknown despite the update on the product roadmap. An article appearing on Newspi, claiming to have updates from the Pi Network Core team, projects the mainnet release between March and June 2024.
Although the message in the article is, to an extent, cryptic, it highlights the importance of the mainnet, including the provision of “more services and functions, allowing more people to participate.”
The mainnet should ideally expand the capacity of the Pi Network such that it can handle more holders, cater to merchant and developer needs, and enhance the mainstream adoption of Pi.
Investors involved with the project have been waiting with bated breath for the launch of the mainnet, which promises them more Pi tokens. There are many ways in which network participants can grow their holdings, including mining, buying goods and services from merchants, and taking part in community-building initiatives.
The release of the mainnet should mark the beginning of a new era for protocol enthusiasts, but the longer the Core Team waits, the more anxious the community gets.
The future of the Pi Network lies in the hands of the Core Team, from which the community is anticipating achievable updates and timelines—and that starts with the release of the mainnet, or at least the announcement of the date of release.
What is Pi Coin (PI) and How Does it Work?
Pi Coin (Pi) is a brainchild of the Pi Network, a blockchain protocol that focuses on eliminating the barriers to entry in crypto mining so that every interested user can use a mobile device or desktop to support the network while earning coins.
The coin is issued as a reward to the community members for supporting the network initiatives by participating in mining and other community-building activities.
The community, via hackathons conducted from the beginning of 2023, has developed and launched various Decentralised applications (dApps), decentralized finance (DeFi) protocols, metaverse, and gaming applications to build a robust ecosystem.
The Pi Network was introduced by a team of graduates from Stanford with extensive backgrounds in blockchain and social computing, as stated on the project’s website.
Pi Network, unlike Bitcoin (BTC), which runs on the proof-of-work (PoW) algorithm to validate transactions and build new blocks, validates transactions while executing a different algorithm on the Stellar Consent Protocol (SCP).
The development team first launched PI mining on a mobile app, where users, in this case, node operators, work in clusters of three to five people. These clusters were chosen to ensure a consensus is achieved, thus removing the risk of fraudulent transactions. The Core team has recently introduced desktop-based mining software.
