On February 20, 2025, Pi Network launched its Open Network, marking the end of its six-year development journey and opening a new chapter for millions of users worldwide.
The Evolution of Pi Network: From Enclosed to Open
Pi Network, launched in 2019 by two Stanford graduates, aimed to democratize cryptocurrency. Instead of using energy-intensive mining rigs, Pi offered a mobile app for cryptocurrency mining. In December 2021, Pi Network entered its Enclosed Mainnet stage, allowing users to complete KYC and migrate mined coins. Announced in December 2023, the Open Network launch in early 2025 marked the culmination of efforts to achieve mass user verification and a thriving app ecosystem.
What is the Open Network?
Pi's Open Network enables interactions beyond the traditional boundaries, allowing users to utilize Pi in the real world and trade on major exchanges. Users can run nodes, and businesses passing KYB can integrate with the network, promoting greater decentralization. Its blockchain's identity verification support enables seamless interactions with services.
Ecosystem Development and the Future of Pi Network
The Open Network hosts over 100 applications available through the Pi Browser, showcasing the platform's functionality. The launch of PiFest 2025 will be a pivotal moment in promoting Pi Network's real-world visibility and strengthening ties between users and local businesses. Hundreds of thousands of nodes are prepared for complex computational tasks. Pi Network continues to innovate, including new features and expanding domains for users.
The Pi Network Open Network is an experiment in cryptocurrency inclusivity. Its success will depend on users' participation, developers' creativity, and the founders’ ability to navigate a complex crypto landscape.
