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The Pi Network team announced after the launch
With the official launch of the Mainnet, the Pi Network is no longer limited to a closed ecosystem. The project team announced that external connectivity enabling seamless integration with blockchains and other financial systems is now available. The team mentioned that "the Mainnet has opened up a comprehensive peer-to-peer network for the advanced Pi ecosystem, innovative applications, and integration with the broader blockchain world."
The Pi Coin team (Pi Coin) also confirmed that the Open Network will enable the creation of a 'performance-focused and widely adopted digital currency'. In particular, entrepreneurs can transact outside the internal Pi system.
There are doubts, but the team is ambitious!
However, despite the record drop, the Pi network faces challenges including regulatory scrutiny and skepticism about its unique mining model. Critics argue that the user acquisition model in the Pi network, with its pyramid scheme, raises concerns about sustainability and legal compliance. Additionally, market volatility also arises as a significant issue because the majority of its users are new to digital currencies.
On the other hand, the project is committed to building an environmentally friendly and scalable environment. The project team claimed to be 120 times faster than the Bitcoin network. The coming months will determine whether Pi Network can maintain its momentum and achieve its ambitious vision after transitioning to a completely open network.
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