Deepdive
by UC Hope
March 18, 2025
Learn all you need to know about Pi Network's Open Network phase. What is it and why does it matter?
Pi Network’s Open Network officially went live on February 20, 2025, marking a significant moment in its six-year journey of intensive development. The launch represents a technical upgrade for millions of "Pioneers" who have mined PI coins via mobile phones since the project's inception. In simple terms, it is the realization of a vision to make cryptocurrency accessible, inclusive, and utility-driven for users.
The Open Network phase means the mobile mining blockchain is no longer in an enclosed ecosystem, opening its blockchain to external systems and ushering in a new chapter of connectivity, opportunity, and real-world application.
To understand the significance of the Open Network, it’s worth discussing Pi Network’s journey. Launched on Pi Day 2019 by two Stanford Ph.D. graduates, Pi Network set out to democratize cryptocurrency. Unlike most mining platforms, which require energy-intensive mining rigs, Pi introduced a novel approach: mining through a mobile app. This mobile mining initiative attracted tens of millions of users worldwide, spanning 230 countries and territories. The promise was simple yet ambitious: empower everyone to participate in the crypto economy without specialized hardware or technical expertise.
The network’s evolution unfolded in several phases. After an initial beta phase and a testnet period, Pi entered its Enclosed Mainnet stage in December 2021. The blockchain was fully operational but isolated during this time, with a "firewall" preventing external transactions. This enclosed environment allowed Pioneers to complete Know Your Customer (KYC) verification, migrate their mined Pi to the Mainnet, and transact within the ecosystem.
It also gave developers time to build applications and utilities, laying the groundwork for a robust, utility-driven platform. Events like PiFest 2024, which saw over 950,000 Pioneers and 27,000 merchants engage in local commerce using Pi, showcased the ecosystem’s potential even within its confined state.
The Open Network phase, however, is the culmination of these efforts. Announced in December 2023 with specific conditions, such as achieving a critical mass of KYC-verified users and a thriving app ecosystem, the launch was initially slated for 2024 but finalized for early 2025.
The Open Network is about external connectivity, enabling Pioneers to use their Pi beyond the ecosystem’s boundaries. This shift transforms Pi from an experiment into a cryptocurrency with real-world reach. Anyone can run a node on the Mainnet, provided they meet the network’s standards, further decentralizing its infrastructure. Businesses that pass Know Your Business (KYB) verification can integrate with Pi, while Pioneers, already identity-verified through KYC, can transact with these entities securely.
This connectivity unlocks a host of possibilities. Centralized exchanges (CEXs) like OKX, which confirmed Pi’s listing on launch day, now offer trading pairs such as PI/USDT, allowing Pioneers to convert their mined tokens into other cryptocurrencies or fiat. Onramps facilitate fiat-to-Pi transactions, bridging the gap between traditional finance and Pi’s ecosystem. Meanwhile, developers can deploy decentralized applications (dApps) that tap into Pi’s massive user base, expanding its utility beyond peer-to-peer commerce.
Pi’s blockchain supports identity verification for individuals and businesses, a rarity among Layer-1 networks. This capability paves the way for seamless, trustworthy interactions between users and third-party services.
The Open Network is a product of years of preparation during the Enclosed Mainnet phase, cultivating a vibrant ecosystem. Over 100 Mainnet-ready apps, built by community developers and the Core Team, now populate the Pi Browser, a Web3 portal where Pioneers access these tools. These applications demonstrate Pi's versatility, from social platforms like Fireside Forum to commerce solutions like Map of Pi. The ecosystem’s strength was evident in events like the Open Network PiFest, announced for Pi Day 2025 (March 14), which connects Pioneers with local merchants worldwide, amplifying Pi’s real-world adoption.
The numbers speak volumes: over 200,000 nodes run by community members, collectively boasting over 1 million CPUs, position Pi as one of the largest distributed computing systems globally. This infrastructure hints at future possibilities, such as large-scale computing tasks or even training open-source AI models. Of course, these utilities could further incentivize node operators with additional Pi rewards.
As of writing, the Open Network is less than a month old, yet its impact is already unfolding. The PiFest initiative, launched alongside Pi Day celebrations, underscores the network’s focus on local commerce, encouraging Pioneers to shop with Pi-accepting merchants. New features, like the ability for KYC’d users to update phone numbers and the introduction of .pi domain auctions, signal ongoing innovation.
For Pioneers, the message is clear: active participation, like mining, using apps, and promoting Pi’s adoption, drives the network forward. For developers, the Open Network is a canvas for building apps that could redefine Web3 accessibility. And for businesses, KYB verification opens a gateway to tap into a 19-million-strong, crypto-enabled community.
Pi Network’s Open Network is a bold experiment in inclusivity. Whether it becomes the “most widely used cryptocurrency,” as its founders envisioned, depends on its Pioneers' collective efforts, its developers' ingenuity, and the Core Team’s ability to navigate a complex crypto landscape. For now, its potential is as vast as the community that built it. The world is watching, and the next chapter is just beginning.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Author
UC Hope
UC Hope is a multifaceted professional with a diverse background in journalism, writing, Community/Project Management, and public relations within the dynamic landscape of blockchain technology and cryptocurrency.
Latest News
March 18, 2025
KAS Review: Understanding Kaspa's Native Coin
March 18, 2025
Pi Network (PI) vs Ice Blockchain (ICE): Mobile Mining Powerhouses
March 18, 2025
Why is PI Network (PI) Down Today? Price Analysis
March 18, 2025
Sidra Chain Deepdive: Reshaping Shariah-Compliant Finance
March 18, 2025
The Role of Smart Contracts in Building Trustworthy Digital Economies
March 18, 2025
What is Pi Open Network?
March 18, 2025
Cronos Just Reversed a $5.6B Token Burn—Here’s What Happened
March 18, 2025
Offchain Labs & Foundation's New Initiative: What is Onchain Labs?