Process Towards Pi Network Mainnet

Testnet: Currently, Pi Network is in the testnet stage, where the network is being tested to ensure its security and stability. Users can mine Pi coins, but these coins cannot yet be traded or transferred to other networks.

KYC (Know Your Customer): Before the mainnet launch, Pi Network asks users to complete the KYC process. This is important to ensure that users are unique individuals and prevent fraudulent activity.

Testing and Development: The Pi Network development team is continuously testing and improving their blockchain infrastructure. This includes consensus testing, security, and other features that will ensure the network runs smoothly at launch.

Mainnet Launch: When all testing has been completed and the team is confident that the network is ready, Pi Network will launch the mainnet. At this time, Pi coins mined by users will be recognized in the mainnet network and can be traded on cryptocurrency exchanges.

Challenges and Hope

Security: Network security is a top priority. The mainnet launch should ensure that the network is protected from attacks and vulnerabilities.

Adoption and Use: After mainnet launch, the long-term success of Pi Network will depend on how widely Pi coin is used and accepted as a medium of exchange or investment.

Community and Ecosystem: A strong community and growing application ecosystem around Pi Network will be key in attracting users and developers to contribute to the network.

Until now, there is no definite date when the Pi Network mainnet will be launched. Users and the community are advised to stay tuned to official updates from the Pi Network development team for further information regarding the mainnet launch timeline and preparations.

The graph above depicts the growth of Pi Network users from January 2023 to May 2024, with the number of users continuing to increase significantly. This data shows a steady increase in the number of users. #pinetwork