Mainnet launch and mining changes
Pi Network is well-known to users in the currency circle for its "mainnet launch that has been delayed again and again" and the "Fake currency will be sold?" incident. According to foreign media "The Crypto Times", the long-awaited project is expected to be announced by the end of this year. The mainnet is launched. This major transition will allow the network to upgrade from a testnet to a fully operational mainnet, enabling real transactions and more features. In order to cooperate with the launch of the main network, Pi Network is expected to announce a significant reduction in the mining rate at the end of this month. This strategic decision is designed to better serve the long-term goals and ecological development of the network.
The decision to reduce the mining rate is influenced by several important factors. As the user base of the Pi Network continues to expand, it becomes critical to control the supply and demand of $Pi coins in order to control inflation and maintain the stability of the currency's value. By reducing the mining rate, network security will also be improved, reducing the possibility of manipulation and attacks. In addition, this change will increase the network's expanded functionality, allowing it to process more transactions more efficiently.
For active Pi Network miners, this reduction in mining rate will directly affect daily mining profits, forcing them to adjust mining frequency and methods. Miners need to re-evaluate their mining strategies, pay close attention to application settings, and engage in more activities to optimize results. This change represents an important shift in the development of Pi Network, and miners should stay informed and prepared for these changes through official updates.
New features and opportunities
The launch of the Pi Network mainnet will bring a series of "new features" and bring the network from the testing phase to full operation. The mainnet will allow users to use the following services directly on the blockchain:
Direct Transactions: Users can now transact with $Pi coins directly on the blockchain, eliminating middlemen and simplifying the process.
Smart contracts: The mainnet will support smart contracts to enable more complex and automated agreements on the network.
Decentralized Applications (DApps): A variety of DApps from finance to entertainment will be provided to enhance the utility of $Pi coins and provide users with more choices.
Enhanced security and scalability: Advanced security measures and scalability improvements will be implemented to protect users and manage increased network activity.
In preparation for the mainnet launch, users and miners should update their Pi Network applications to the latest version, complete the KYC process to gain full access to new features, and stay updated with official announcements.
However, after seeing the so-called "new functions" of Pi Network, many netizens said: "Aren't these the basic functions of the blockchain?", "After so many years, this is it?", "It turns out that smart contracts are There are also new functions on Pi” and “Are you sure it can really be launched on the mainnet this time?” It can be seen that many netizens are not very willing to pay for Pi Network’s plan this time!
There are still many challenges ahead
As Pi Network approaches mainnet launch, it will face multiple challenges. Users need to adapt to the new mining speed and functions and make strategic adjustments. The Internet will enter the highly competitive blockchain market and must differentiate itself from other competitors with unique value propositions and functions. Ensuring the security and stability of the mainnet is critical, which requires continuous monitoring and improvements to guard against potential threats.
In addition, in the current state of the blockchain network, Pi Network chose this time to come up with such a plan, which is obviously unable to satisfy and attract bloodthirsty currency users; in addition, there are many Pi users who are Ready to make a move, ready to throw away the chips in hand to cash out when the mainnet goes online. Time will test whether Pi Network can stand firm in the market.
