Unveiling Trust: Pi Core Team's Latest Steps in the Pi Network Project - hokanews

 

hokanews,hoka news,hokanews.com,pi coin,coin,crypto,cryptocurrency,blockchain,pi network,pi network open mainnet,news,pi news     Coin     Cryptocurrency     Digital currency     Pi Network     Decentralized finance     Blockchain     Mining     Wallet     Altcoins     Smart contracts     Tokenomics     Initial Coin Offering (ICO)     Proof of Stake (PoS)     Proof of Work (PoW)     Public key cryptography Bsc News bitcoin btc Ethereum
Unveiling Trust: Pi Core Team's Latest Steps in the Pi Network Project - hokanews


hokanews.com - In a world increasingly shaped by digital transformation and the evolving landscape of cryptocurrencies, Pi Network has emerged as a project capturing considerable attention. For the Pioneers within the Pi Network, trust is a paramount currency. Trust in the Pi Network project is the cornerstone of the journey towards a better future. In recent days, the Pi Core Team has undertaken a series of groundbreaking steps that have dispelled doubts and strengthened faith in this endeavor.


Wallet.Pi with 24 Seed Phrases


First and foremost, let's delve into the latest innovation introduced by the Pi Core Team. They have constructed Wallet.Pi with 24 seed phrases. This is a remarkable move, given that renowned wallets like Trust Wallet employ only 12 seed phrases. Why is this important? Seed phrases serve as keys to access and control your wallet. By adding an extra 12 seed phrases, the Pi Core Team has elevated the security and resilience of Pi wallets, providing an additional layer of protection to users.


Leadership Within the Pi Ecosystem


The Pi Network ecosystem continues to evolve, with many applications and services developed by Pioneer community members. However, the Pi Core Team does not hastily recognize community-built applications within the Pi ecosystem. They have divided the Pi Browser into two subsystems: one built by the Pi Core Team, considered robust and secure, and the other serving as a testing environment for applications that won the hackathon. This demonstrates the Pi Core Team's meticulous approach to maintaining the security and quality of the Pi Network ecosystem. They aim to ensure that any recognized applications meet stringent standards they have set.


No Rush to the Mainnet


An important point to note is that the Pi Core Team does not succumb to pressure to expedite the mainnet schedule. The mainnet represents a critical step in the evolution of a cryptocurrency network, and there is often pressure to accelerate its deployment. However, the Pi Core Team understands the importance of gradually reducing the 20 billion free Pi supply to maintain initial value stability before launching the mainnet. This indicates their commitment to building a strong foundation before taking the next steps, ensuring that the Pi Network is well-prepared to face future challenges.


Privacy and User Control


Privacy is a crucial aspect in the world of cryptocurrency. The Pi Core Team has added a feature to hide Pi account balances. This reveals their view of Pi as a valuable asset in the future and their desire to provide users with more control over their financial information. With the option to hide balances, users can choose not to disclose this information to external prying eyes.


Respecting Pioneers and Peer-to-Peer Transactions


It's important to note that the Pi Core Team consistently respects the free will of Pioneers. They offer the option to disable ads and treat all transactions, whether large or small, with respect. This is a vital step to maintain the comfort and freedom of Pi Network users. The Pi Core Team aims to ensure that the Pi Network is a place where users have control over their experience.


Fiscal Prudence


The Pi Core Team also exhibits financial prudence in their actions. Examples include extending the website domain for only one year and exercising caution in the Fireside Forum by not immediately allowing image or video posts to conserve server resources. These actions reflect their careful management of resources and responsibility towards the Pi Network community.


Global Legal Framework


Lastly, the Pi Core Team is actively building a legal framework to identify everyone on the network, aligning with global financial security policies. By identifying each individual, the Pi Network can ensure compliance with necessary requirements and avoid violating applicable laws. This is a critical step in maintaining the security and legitimacy of the Pi Network.


In conclusion, the Pi Core Team has exhibited a careful, prudent, and confident approach in building the Pi Network project. Their recent actions have quelled doubts and fortified the trust of the Pioneer community. They are constructing a robust foundation for a brighter future, a commendable effort appreciated by all involved in this project.


The Pi Network project serves as a remarkable example of how commitment to security, privacy, and integrity can yield a strong and valuable network for all participants. We eagerly anticipate further developments and continue to support the extraordinary vision of the Pi Core Team.


X/Twitter source @cryptoleakvn

Next Post Previous Post