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The Unexpected Factors Leading to the Delayed Open Mainnet Launch of Pi Network

  • Many Nigerians have shown interest in Pi Network over the years to mine coins directly from their smartphones without consuming excessive energy resources.
  • The network has been at mining or pre-mainnet phase, meaning users could only mine and keep. This phase has taken so long that it bored out its enthusiasts and they abandoned the app en masse while some even declared it a waste of time.
  • The delay in the open mainnet launch of Pi Network is primarily caused by the low number of KYCed participants which is crucial for network security and compliance.

Pi Network is poised to take the cryptocurrency world by storm with the much-anticipated launch of its open Mainnet on June 28, 2023, however, there are speculations that it might be further delayed.

The Truth Behind Pi Network’s Delayed Mainnet Launch

One of the key reasons why the open mainnet launch of Pi Network is likely to take longer than expected is the relatively low number of KYCed participants. The KYC (Know Your Customer) process is essential for the mobile mining blockchain’s open mainnet launch. It ensures that all participants are verified and compliant with the necessary regulations. 

For the Pi Network to successfully launch its open mainnet, it requires many pioneers to complete the KYC process. These pioneers are crucial in securing the network and maintaining its decentralized nature. However, if the number of pioneers who have completed the KYC process needs to be increased, it challenges the network’s open mainnet launch.

The KYC process safeguards against fraudulent activities, identity theft, and other illegal practices. It helps maintain the network’s integrity and protects genuine participants’ interests. Without adequate KYCed participants, the network’s security could be vulnerable to attacks, potentially delaying open mainnet launch.

Another factor contributing to the delay in Pi Network’s open mainnet launch is the need for thorough testing and optimization. Launching a robust and efficient blockchain network requires extensive testing to identify and rectify potential bugs, vulnerabilities, or performance issues. 

The Pi Network team will likely prioritize thorough testing to ensure the stability and reliability of the open mainnet. The Pi testnet ecosystem, which comprises numerous Pi Decentralized Applications (dApps) with innovative utilities, is a typical example of the team’s effort to develop a robust ecosystem.  

Contrary to the reports surfacing the Pi ecosystem of an Open Mainnet launch on June 28, it may be delayed. This is due to the team’s prudent approach to ensure the network’s long-term success and sustainability. 

The delayed launch of Pi Network’s open mainnet can be attributed to various reasons, but the low number of KYCed participants is crucial. Thus, Pioneers must register for KYC to help the protocol progress with its open mainnet launch. 

Although delays may be frustrating for eager participants, Pi Network must take the time needed to ensure a successful and reliable open mainnet launch.

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the 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.

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