

Pi Network Prepares for Open Mainnet as Enclosed Period Winds Down



Could the launch of Pi Network be just around the corner after the team confirmed millions of KYC'd users and the success of testnet applications?
Open Public Mainnet Finally Arrived for Pioneers
The Pi Network team has given clues that the Open Network Mainnet for Pi users could be right around the corner. The Enclosed Mainnet has been active for months and has brought several advantages to helping prepare for the public launch.
The Pi team confirmed in a recent tweet that millions of Pioneers have been KYC’d and that new Pi apps have been able to successfully transfer from the testnet to the mainnet. The roadmap indicates that the KYC progress and the state of the Enclosed Network will be indicators of when the launch can happen. With both of those looking good, the launch appears imminent.
"There are multiple advantages to having an intermediate enclosed period to ramp up to the fully open Mainnet."
Learn more https://t.co/ViStj8L2j3 pic.twitter.com/EiAjv0I45c
— Pi Network (@PiCoreTeam) November 10, 2022
The Open Network will remove restrictions like the existing firewall to outside networks and bring new ways for the Pi community to interact with the entire blockchain world. The new Open Network will allow “any external connectivity, e.g., to other networks, wallets, and anyone who wants to connect to Pi Mainnet,” according to the Pi Network Medium roadmap. Users will be able to run both personal and community network nodes, launch API services, connect to other blockchains, and more.
“My hope for Pi is the establishment of an inclusive ecosystem for global citizens to unleash and capture their own value, and in turn create value for society and the world,” founder Chengdiao Fan was quoted as saying in a recent lecture at her alma mater, Stanford University.
There is no confirmed launch date for the Open Network. The original dates expected for the launch were in both March and June of 2022. The launch date, according to the roadmap, is contingent on the progress of KYC’d users and the relative maturity of the Enclosed Network.
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.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram
if(window.strchfSettings === undefined) window.strchfSettings = {};
window.strchfSettings.stats = {url: "https://bsc-news.storychief.io/en/pi-network-prepares-for-open-mainnet-as-enclosed-period-winds-down?id=884058095&type=26",title: "Pi Network Prepares for Open Mainnet as Enclosed Period Winds Down",id: "322715b3-b532-4225-9106-548e576bf66d"};
(function(d, s, id) {
var js, sjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {window.strchf.update(); return;}
js = d.createElement(s); js.id = id;
js.src = "https://d37oebn0w9ir6a.cloudfront.net/scripts/v0/strchf.js";
js.async = true;
sjs.parentNode.insertBefore(js, sjs);
}(document, 'script', 'storychief-jssdk'))
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Author
Related News


SEC Delays Decision on ARK 21Shares Bitcoin ETF to 2024

This marks another delay for the ETF, which had faced scrutiny and had its deadline extended previously.
Summary
- The SEC has delayed a decision on the proposed ARK 21Shares Bitcoin ETF to January 10, 2024.
- This is not the first time the SEC has delayed the decision, citing the need for more time to thoroughly evaluate its implications.
Delayed Again...
The U.S. Securities and Exchange Commission (SEC) will delay a decision on the proposed ARK 21Shares Bitcoin ETF, pushing the new deadline to January 10, 2024. The SEC expressed the need for extra time to thoroughly evaluate the implications of this groundbreaking ETF, stating that "it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change."
Notably, this isn't the first setback for the ARK 21Shares Bitcoin ETF. Last month, the SEC delayed the fund by soliciting additional written comments. Initially slated for an August 13 decision, it appears that this unique ETF has faced ongoing scrutiny.
The latest decision comes in the wake of bipartisan pressure from lawmakers urging SEC Chair Gary Gensler to expedite the approval of a spot bitcoin exchange-traded fund. Moreover, the SEC also deferred its verdict on the Global X Bitcoin Trust until November 21, potentially indicating a trend of delays for similar applications.
Commenting on these developments, Ark CEO Cathie Wood had previously anticipated the initial delay, suggesting, "I think the SEC, if it's going to approve a bitcoin ETF, will approve more than one at once."
While the regulator reviews multiple spot bitcoin fund applications from industry giants like BlackRock, Fidelity, VanEck, and Invesco, the ARK 21Shares Bitcoin ETF remains at the forefront of the race, with decision deadlines for other proposals also extended.
Despite the delays, the SEC remains cautious, citing concerns about potential fraud and market manipulation, emphasizing the need for rigorous evaluation before greenlighting a spot bitcoin ETF. Meanwhile, the crypto community continues to await a historic decision that could potentially transform the landscape of crypto investments.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author

Try Now!

Sign up Now
Coming Soon

WIN BIG

Coming Soon

Sign Up Now

Earn Now
Coming Soon

Sign Up Now

Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%