Pi Network Release 2022 End-of-Year Update

by BSCN

January 4, 2023

Pi releases updates to the community about their progress and upcoming developments in the industry.

Pi Network Edging Closer to Open Mainnet Launch

Pi Network’s Enclosed Mainnet development is in its crucial stage after the Pi Core team released an update covering the important technological and product work for the latter half of 2022.

The public statement focused on specific project improvements that the Pi Core team worked on in 2022, including their efforts related to the backend, interfaces, compliance, community success, and bug fixes. The update also confirmed that Pi Network is at a vital stage in its enclosed mainnet development leading up to the Open Mainnet launch.

“Pi is at an important point in Enclosed mainnet development, in which Pi is able to focus on two key priorities: enabling mass KYC and empowering ecosystem utilities-building. Both are essential steps toward our objective of building a viable ecosystem to get ready for Open Mainnet,” the statement read.

The specific project improvements include technical and product works done in mainnet migration, KYC solution, Pi Platform, and ecosystem building, plus other significant features. Further, the Pi Core team will continue building in 2023, starting with hackathons planned for early January.

Pi Network witnessed considerable progress in 2022, attracting interest from industry-leading platforms, including Huobi Exchange. The initiation of the mass KYC and mainnet migration is a huge step towards its development in 2023. BSC News will continue monitoring the protocol’s growth in the blockchain industry.

To learn more about the End-of-year update and upcoming innovations, check the Pi home screen announcement on the Pi mobile application.

What is Pi Network:

Pi Network is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution. The project was founded by a team of Stanford University Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.

Pi Network has evolved over the years and has organized a hackathon, built a couple of working Pi blockchain apps, and is now in the final stages of transition to public mainnet.‍