The most well-known blockchain project in the Decentralized Financial (DeFi) area, Pi Network, is still developing and is now in its enclosed mainnet.
Despite the fact that there is still much to be done, especially with the KYC service, Pioneers remain enthusiastic about the protocol’s impending open mainnet launch. A clear vision and mission statement support the decentralized ecology of the mobile mining platform.
The goal of the system, as stated in its whitepaper, is to create a cryptocurrency and smart contracts that are secured and run by everyone. The Pi smartphone app demonstrates the protocol’s goal of making digital currency accessible to all users. Users of the application can use their smartphones to mine the native Pi coin.
The goal of Pi Network, on the other hand, is to create the most open-access peer-to-peer marketplace powered by Pi, the most popular cryptocurrency in the world. A step toward realizing this ambition is the enclosed mainnet, which focuses on widespread KYC adoption and ecosystem development.
Pi Network is now being deliberate about development by hosting a hackathon for Pioneers interested in creating in the Pi ecosystem. The platform is on its way to becoming the most used ecosystem in the cryptocurrency field as a result of the platform’s favorable stats.
The platform’s goals for Pioneers and potential users are laid forth in detail in Pi Network’s vision and mission statement. After KYC has attracted a sizable user base, the open mainnet will launch, and the protocol will create the most inclusive peer-to-peer marketplace in the sector.
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What is Pi Network?
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
