Mainnet Preparation: Pi Network Reportedly Migrates 17k wallets in Just 22 hrs

In a major update from the Pi Network CoreTeam, it has been revealed that the migration of wallets to mainnet has been a resounding success. According to the latest information, a staggering 17,672 wallets were migrated to the mainnet in just 22 hours.

This development is significant for the Pi Network community, as the migration to the mainnet is a crucial step in the network’s journey towards becoming a fully decentralized blockchain. The successful migration of so many wallets in such a short time is a clear indication of the commitment and enthusiasm of the Pi Network community.

The migration process involves transferring the Pi tokens from the Testnet to the Mainnet, which is the final step before the tokens become fully operational on the Pi Network. This process has been ongoing for several weeks, with Pi Network users being asked to migrate their wallets in batches to ensure a smooth and efficient transition.

The latest update from the Pi CoreTeam also revealed that a total of 8.92 million Pi tokens have been migrated to the Mainnet. This is a significant milestone for the Pi Network, as it brings the network one step closer to achieving its goal of creating a decentralized, peer-to-peer platform that empowers users to control their own digital assets.

Furthermore, the update revealed that the average number of Pi tokens per wallet was 505. This suggests that the Pi Network community is highly engaged and active, with many users holding significant amounts of Pi tokens.

What is Pi Network?

Pi Network is a decentralized cryptocurrency project that aims to create a digital currency that is accessible to everyone around the world. Unlike traditional cryptocurrencies, Pi Network does not require expensive mining hardware or excessive energy consumption to earn new coins. Instead, users can earn Pi tokens simply by using their smartphones to confirm transactions and verify the network. The Pi Network is built on a unique consensus algorithm that is designed to be more energy-efficient and user-friendly than other blockchain platforms, making it an ideal choice for people who are new to cryptocurrency. Ultimately, the Pi Network aims to create a more inclusive and democratic global economy that empowers individuals and communities to control their own financial destinies.

Rebecca Ahoame

Written by Rebecca Ahoame

Rebecca is a Student of the Federal University Lafia, Nasarawa State, North-Central Nigeria. She has passion for writing and research. Rebecca writes for NewsWay on Business and Finance.

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