On February 20, 2025, Pi Network launched its Open Network phase, marking a significant stage in cryptocurrency development for its users—'Pioneers'.
The Evolution of Pi Network
Pi Network began its journey on Pi Day 2019, aiming to democratize cryptocurrency. The project introduced mobile app mining, attracting tens of millions of users from 230 countries. The 'Enclosed Network' phase began in December 2021, allowing users to verify their identity and migrate their Pi coins to the mainnet.
Understanding the Open Network
The Open Network phase means Pi's blockchain is now accessible to external systems. Users who passed KYC verification can transact outside of Pi's internal ecosystem. Businesses verified through KYB can integrate into the Pi ecosystem, expanding the use of Pi.
Ecosystem Prospects
Pi's ecosystem includes over 100 Mainnet-ready apps developed by community developers and the Core Team. They offer diverse functionalities, from social platforms to commerce solutions. Events like PiFest are expected to expand user numbers and bring Pi into the real world.
The Open Network of Pi Network holds vast potential for cryptocurrency development and adoption. Active participation of users and developers, along with business support, will help the project move forward to open up new opportunities.
