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GOOD NEWS : Core Team, Open mainnet pi network will happen soon, if this one thing is done - hokanews

 

GOOD NEWS : Core Team, Open mainnet pi network will happen soon, if this one thing is done - hokanews 

hokanews.com - Pi Network, a crypto mining application created in 2019, by Dr.  Nicolas Kokkalis has become the latest talk in the world of cryptocurrencies.  Even though it hasn't been fully launched yet, the app has already attracted the attention of many people around the world, with the number of users growing day by day.

Pi Coin itself can still be obtained for free by everyone.  It's just that you need a smartphone and internet when you enter the pi network application.

Currently, miners who are active on the pi network are estimated to have reached 45 million active users.  From before, it was calculated that there were around 35 million active users.  The figure of 45 million active users is a figure that has jumped even more sharply.  Downloads from Playstore itself are currently at 50 million+ downloads.  That doesn't include those who use iPhones.

Talking about cryptocurrency, this one will never run out.  How could it not be one of the most community cryptocurrencies, and crowned as a new digital currency for everyone.  The Pi network is a cryptocurrency that is very much different from the existing ones, such as Bitcoin, Ethereum and so on.

Currently the pi network itself is being discussed by all pioneers about the open mainnet problem. How come the pi network is now 4 years old since it was launched in 2019 by Dr.  Nicolas Kokkalis.

Meanwhile, CoreTeam itself is currently updating the kyc system on the pi network.  This has become one of the reasons for the pi network to get out of the nest, or as it is commonly called, towards an open mainnet.

What does kyc mean on the pi network?

KYC stands for "Know Your Customer" which refers to the process of identity verification carried out by companies to ensure that their customers are really who they claim to be.

In the context of the Pi Network, KYC is required as part of the user account validation process.  Every new user is required to go through the KYC process before they can start using the app.  KYC on the Pi Network includes sending personal information, such as name, address and personal identification number, as well as a selfie to verify a user's identity.

The purpose of KYC on Pi Network is to protect user and network security from unauthorized activities, such as money laundering, fraud and other criminal activities.  KYC also helps maintain network integrity and ensures that the Pi Network complies with applicable rules and regulations.

Once KYC is approved, users can access more features and functions on the Pi Network, such as making Pi transactions directly and participating in the Pi network as nodes (transaction validators).  However, users who do not go through KYC will not be able to access these features and are limited to buying and selling of Pi in its particular market.

In conclusion, KYC on Pi Network is an important part of network security and reliability.  Users wishing to fully participate in the network need to pass a strict KYC process to ensure their identity can be verified and their activity complies with applicable regulations.

According to one of the pi network community accounts on Twitter, he explained that an open mainnet pi network will occur if the pioneers have graduated from kyc, around 50% of the pi network users are full.

hokanews.com monitoring from one of the pi network community accounts on Twitter, is very clear in the posts he shares like this:

The Pi Core team previous announcement that the Pi Network's open mainnet would be launched when more than 50% of pioneers had completed KYC verification. I conducted several polls on various social media platforms, & the results were consistent.
#PiNetwork 
#PiMainnet
#PI2DAY

hokanews.com does not publish articles without sources, for more details see the image below:

Twitter image source 

According to posts shared by the pi network account on Twitter, it can be concluded that an open mainnet pi network will occur if 45 million pioneers have passed KYC around 50% or even more.

It is true that what was conveyed by the pi network community account on Twitter, how did the pi network appear to be able to open the mainnet if there are still many pioneers who have not graduated from KYC, who will transact on cryptocurrency exchanges later.

hokanews.com will conclude a little about the open mainnet pi network, for pioneers who are impatient with the open mainnet pi network, try to understand it more clearly below.

What is meant by open mainnet pi network?

The Open Mainnet is an important phase in the development of the Pi Network network.  At this stage, the Pi Network network will be open to the public and become a public blockchain network that can be used by everyone.

Prior to the Open Mainnet phase, the Pi Network network operated in testnet or "test network" mode which was only accessible to beta testers and other limited users.  During this phase, the Pi Network development team conducted a series of tests and fixes on the network to ensure its reliability and readiness for public access.

In the Open Mainnet phase, the Pi Network network will become more decentralized, where each node will have the same opportunity to validate transactions and get rewards.  In addition, the entire Pi Network community will be able to use the network to carry out Pi transactions directly and build applications based on the Pi Network.

With an open and publicly accessible network, Pi Network is expected to gain new users and adopters and become one of the leading blockchain networks in the future.  In the Open Mainnet phase, Pi Network will also adopt the latest technologies such as "smart contracts" to enable the development of broader and more complex applications.

In conclusion, Open Mainnet is an important phase in the development of the Pi Network network where the network will be open to the public and become a public blockchain network that can be accessed by anyone.  This will open up many new opportunities for both users and developers to harness the potential of the network and strengthen the Pi Network ecosystem.

What is Pi Network?

Pi Network is a new cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining device battery. The Pi blockchain secures economic transactions through a mobile meritocracy system and a complete Web3 experience where community developers can build decentralized applications (dApps) for millions of users.

That's a little information that we can share with all the pi network communities.  
Hopefully this is useful, keep the spirit, don't give up.
If the information from hokanews is useful, don't forget to share it with other pioneers.

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Thanks to all the pioneers, warm greetings from the hokanews team.  Information from the pi network community for all pioneers