Here is a comparison between Pi Network and some other cryptocurrencies in terms of key features:
Pi Network vs. Bitcoin (BTC):
Mining:
Pi Network: Mining is done via the mobile app using a different algorithm than traditional mining, making it more accessible and affordable to the general public.
Bitcoin: Requires energy-intensive mining using special hardware (ASICs) and a “proof-of-work” (PoW) algorithm.
Usage:
Pi Network: Focuses on social communication, daily payments, and rewards for users.
Bitcoin: Considered digital gold, intended for storage and investment rather than everyday payment due to high transaction costs.
Value:
Pi Network: Still in its early stages with an unstable price after launching on the mainnet.
Bitcoin: It has a long history of prices and is considered a benchmark in the digital market.
Pi Network vs. Ethereum (ETH):
Technology:
Pi Network: Uses a different consensus system built on the Stellar Consensus Protocol (SCP).
Ethereum: Uses the Proof of Stake (PoS) algorithm after switching from PoW, which reduces energy consumption.
Uses:
Pi Network: Focuses on simplifying mining and the use of the currency in daily life.
Ethereum: A platform for blockchain applications, including smart contracts, DeFi applications, and NFTs.
Society and development:
Pi Network: It has a large user base due to the ease of mining but is less mature in its applications.
Ethereum: Has an active community of developers and users, with many applications based on the network.
Pi Network vs. Dogecoin (DOGE):
Start and Market:
Pi Network: Started as a new project in 2019, still finding its place in the market.
Dogecoin: It started as a joke coin in 2013 but became popular with investors due to the support of public figures.
distribution:
Pi Network: Uses a distribution system based on referrals and mobile mining.
Dogecoin: Has an inflated supply with a constant inflation policy.
Stability:
Pi Network: It did not have a significant trading history to measure price stability against.
Dogecoin: Known for its high price volatility due to its popularity and community size.
In short, Pi Network is easy to mine and focused on social and everyday use, but it is still in its early stages compared to other currencies with a broader history and usage.
Here are the details of the Pi Network mainnet:
Launch date: The open mainnet was announced to launch on February 20, 2025. This means that the project will move from the closed network stage to a network that is open to everyone, allowing full interaction with the outside world.
Identity Verification (KYC): The number of users who have completed the identity verification process has exceeded 18 million users, which is one of the main conditions for activating the mainnet.
Migrating to the mainnet: So far, nearly 9 million miners have migrated their data to the mainnet. The goal was to achieve 10 million migrations to provide network stability.
Mainnet-ready applications: More than 80 mainnet-ready applications have been launched, including applications such as Map of Pi, Pi Game, Care for Pi, and 1pi Mall, enhancing the importance of the network in daily life applications.
Trading and Listing:
OKX officially started listing Pi Network on February 12, 2025, with spot trading starting against USDT. This represents a major step towards expanding the user base and trading.
Upgrades: The network has been updated to Protocol Version 19, increasing transaction speed to 1.19 million transactions per second and improving compatibility with other networks.
Security and Authentication:
Full use of the mainnet requires completing the KYC process and ensuring account security via the network's Pi wallet.
the goal:
The mainnet aims to realize the full potential of Pi Network by enabling real transactions, integrating them with the digital economy, and providing trading platforms and financial instruments based on Pi.
