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Pi Network: March 14th official mainnet launch? Core Team gives update on true state of the project

Abigail Ukende
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Many are no longer optimistic and lack the believe that pi coin will one day serve it’s purpose but this Article shows that the pi core team are determined to reach its purpose and intentions in a very short time from now

One of the Pi Core Team Chengdiao Fan recently shared a green light on what could happen in the Pi Hackathon 2023 which is currently on going. From a recent tweet from her official Twitter handle she said;

“Long time no see, please wait for the update After the Hackathon.”

Well, what could be the good news? The good news can only be the update of what all pioneers want at the moment and that is Pi Coin being listed and licensed to trade on various Exchange platforms.

While I respect your opinion, I’ll want to clarify that the project is not a scam because nobody paid to join it. I know that a lot of people will rather go and yell out that it is. All that we can do is wait till after the Pi Hackathon to receive the Updates that the Pi Core Team has promised.

The Pi network is still a closed network at the moment, making it illegal for any other parties to have access to its transactional information.

What is Pi Network?

Pi Network is a digital currency project that aims to keep cryptocurrency mining accessible, as the centralisation of first-generation currencies like bitcoin (BTC) has put mining them beyond the reach of many everyday users.

The Pi Network, developed by a team of Stanford University graduates, enables users to mine PI cryptocurrency coins using desktop and mobile phone apps, validating transactions on a distributed record.

Unlike nodes on networks such as Bitcoin that use proof-of-work (PoW) protocols, Pi nodes use an algorithm based on the Stellar Consensus Protocol (SCP). Pi Nodes validate transactions on a distributed ledger and reach a consensus on the order of new transactions that the ledger records.

 

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