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Pi Network Is Ready to Reshape the World of Crypto

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Pi Network is no longer just a blockchain initiative—it’s become a worldwide movement. Founded in 2019 by a team of Stanford PhDs, Pi Network aims to make crypto accessible to everyone through mobile mining. Now boasting over 60 million engaged users globally, the project has entered its Open Network phase—an essential leap toward a decentralized future in finance.


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Over the past six years, Pi evolved from beta testing to enclosed mainnet operations, allowing its community to focus on identity verification (KYC), build decentralized apps (dApps), and strengthen the internal ecosystem. As of February 2025, Pi’s Open Network went live, allowing external connectivity and unlocking new use cases.

Open Network: A New Chapter for Pi’s Ecosystem

The launch of the Open Network marks Pi’s transition from a closed environment to a public blockchain. This means users can now transfer Pi Coin externally, access dApps through the Pi Browser, and engage with centralized exchanges (CEXs).

Co-founder Dr. Nicolas Kokkalis stated that the Open Network is the culmination of years of development aimed at creating a peer-to-peer network that’s inclusive, functional, and scalable. With support for on-chain transactions, external interoperability, and public node participation, Pi Network has transformed into a full-fledged blockchain contender in the web3 space.

Speed and Efficiency: The Technological Edge of Pi Blockchain

One of Pi’s standout features is its claimed transaction speed, which surpasses Bitcoin and Binance Smart Chain. While Bitcoin manages approximately 7 transactions per second (TPS), Pi Network is designed to handle over 1000 TPS under ideal conditions.

Its unique consensus mechanism, Federated Byzantine Agreement (FBA), enables energy-efficient mining via smartphones. Unlike the energy-intensive proof-of-work model used by Bitcoin, Pi’s approach promotes sustainability and accessibility—two core pillars of the project’s mission.

Beyond the Coin: Pi’s Expanding Ecosystem

Pi Network offers more than just mobile crypto mining. Its ecosystem includes community-built apps ranging from marketplaces to educational and social platforms. Through the Pi Browser, users explore dApps powered by Pi Coin.

Events like PiFest 2024 demonstrated real-world adoption, involving over 950,000 users and 27,000 vendors across 160 countries. Even before the Open Network launch, Pi Coin was actively used as a medium of exchange, showing its growing relevance and utility.

Decentralization and Security: Horizon Upgrade Pushes Pi Forward

In May 2025, Pi Network rolled out its Horizon Upgrade, eliminating the last central nodes and fully decentralizing its infrastructure. This upgrade not only boosted transaction speed and scalability but also laid the groundwork for over 100 new decentralized applications.

With more than 200,000 community-operated nodes, Pi Network is now among the most decentralized blockchains in existence. This decentralization bolsters user trust and allows greater community-driven governance.

Challenges Ahead: Realizing the Promise of Web3

Despite its momentum, Pi Network faces several challenges, including broader crypto adoption and integration with traditional financial systems. Many users await its official listing on major exchanges like Binance, which remains unconfirmed.

Regulatory scrutiny also persists. Countries like China and Vietnam have expressed concern regarding transparency and access to tokens. Yet the Pi community remains confident that Open Network’s launch and increasing utility will pave the way for wider recognition.

Conclusion: Pi Network Poised to Lead the Crypto Revolution

Pi Network blends groundbreaking technology, a dynamic global community, and a growing ecosystem of decentralized applications. Its Open Network launch is not just a technical upgrade—it’s a declaration of readiness to lead the next wave of crypto and web3 evolution.

For pioneers who mined Pi from the start, this milestone affirms their belief in the project. And for the broader crypto world, Pi Network stands as proof that meaningful financial change can begin from the palm of your hand.


Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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