Key highlights:
Through some clever optimizations, the Pi Network team managed to more than double the speed at which Pioneers can make the migration.
With migrations supercharged, Pi Network is expected tol blow past previous monthly user addition records. At this rate, hitting 10 million Pioneers and full decentralization could come even sooner than projected.
The team at Pi Network has certainly been busy bees lately, as they've achieved an exciting milestone that could give the project's migration efforts a major boost. In a recent technical announcement, Pi Network revealed that they have successfully optimized the Mainnet migration mechanism – resulting in more than double the previous speed at which pioneers migrate from the testnet to the official Mainnet blockchain.
This technical "speed upgrade," as they call it, involved tweaking algorithms, queues, processes, and interactions to make the entire migration workflow more seamless and efficient. Reportedly, tasks that once took minutes are zipping by in seconds. According to the blog post, these improvements have been so effective that Pi Network can now migrate pioneers faster than the daily rate of new migration requests coming in.
? Major technical upgrade in the Mainnet migration mechanism DOUBLED the speed at which Pioneers migrate to Mainnet! Complete the Mainnet Checklist to use your Pi too. Go to the Pi mining app announcement to learn more! pic.twitter.com/2fp7mkdsM9
— Pi Network (@PiCoreTeam) May 20, 2024
What does this mean for you?
If you're a pioneer who has already completed the Mainnet Checklist requirements, this news should get you excited. With doubled migration speeds, you may have already been moved over to the Mainnet without even realizing it. Or you can expect to zoom up the queue, so long as you keep actively mining Pi, of course (which can only be sold P2P till the mainnet is opened).
For those still needing to finish checklist items, now is the perfect time to head to the migration dashboard and cross off any remaining tasks. The sped-up pipelines mean Pi Network needs a constant stream of pioneers lining up and ready for their turn.
Read more: ‘We're on Track,’ Pi Network on Reaching 10M KYCed Pioneers, Progressing Toward Open Mainnet
Progress towards the open network goal
So how does this major technical win help Pi Network progress towards its end goal of transitioning to a fully decentralized "Open Network"? Well, with migrations now occurring twice as quickly, the Mainnet pioneer count should start rising at an accelerated pace. Just a few months ago, in March, Mainnet was home to 4.6 million pioneers. Today? Over 5.41 million and counting - and the number will likely fly past previous monthly milestones.
Faster migrations mean more active users populating Mainnet daily, helping establish the robust population needed for true decentralization. It gets Pi Network that much closer to hitting their ambitious 10 million pioneer mark, considered a key threshold for transition. With doubled speeds courtesy of some clever technical work, Pi Network may very well break through to become an Open Network sooner than originally anticipated.
And for pioneers, now is the time to finish up your checklist, stake your place in the newly turbocharged migration queues, and get ready to join the Mainnet party. With speeds now overclocked, the journey to a fully decentralized Open Network just got a whole lot shorter.
In the short term, the IOU for the Pi coin appears to reflect as much. Powered by recent updates, the price of PI token IOU increased by over 5% against the dollar in the past seven days to trade hands at $42.18. It's not a major rally yet, but momentum may build as the finish line arrives into clearer focus.