[ When will Pi Network launch Mainnet? - Dec 2021 Mainnet and KYC 99% confirmed ]

Since its launch, the Pi Network has maintained a roadmap of “entering the mainnet during the 4Q of 2021”. Arguably, the mainnet entry issue is the most important news not only for the pi network but also for each virtual currency, and this is an important issue that cannot be compared with a simple exchange listing.

---

This is the official response from the S.Korea channel moderator in the chat room in the Pi network app. Translated into English, it means "mainnet launch and KYC verification will be carried out at the same time in December".

 

About “Moderators”

Basically, the Pi Network consists of "Core Team, Moderators, and General Users (= Pioneers)".

 

The core team is the staff who are actually participating in the development of the pi network. Moderators are general users and at the same time receive various information from the core team and deliver it to everyone.

In other words, since they are not the core team, they do not guarantee 100% of the official announcement of the core team, but the story they tell is not just a story in their head, but information received from the core team, so you can think of it as virtually 100% reliable. And in chat rooms in the app, their messages are marked with a ⓜ mark.

 

Since there are several moderators for each country, I think that this information is probably being communicated to users in their own languages ​​in their own chat channels by moderators in each country. Therefore, their information is very reliable.

 

significance

This is the meaning of the phrase "the mainnet is built" on the Pi Network or any other cryptocurrency.

 

■ It evolves into a "coin" rather than a "token"

For convenience, the pi network is expressed as a “pi coin”. But strictly speaking, the current pi network is not a coin, but a “token” that is still in the testnet stage. Currently, there are over 6,000 types of all virtual currencies in the world, of which only a few are real coins that have already been built on the mainnet.

 

■ An independent consensus method is born

All cryptocurrencies have their own “consensus method” for generating transactions. Coins with already established mainnet all create their own unique consensus method. And tokens before the mainnet are developed by borrowing the consensus method of one of the coins that have already been built on the mainnet.

 

Pi Network is a cryptocurrency that is currently being developed by borrowing the “Stellar Consensus Protocol (SCP),” which is Stellar Lumen’s own consensus method as a consensus method. In other words, the Pi Network so far is like a child raised by a mother named Stellar Lumen. When this pi network enters the mainnet soon, it is expected that a unique consensus method derived from SCP will be born.

 

■ Real blocks are created (=Free from allegations of scams for technical reasons)

There are still many people who believe that the Pi Network is a scam with no technical substance. One of their arguments is that "unlike Bitcoin, where real blocks are created, it is a meaningless app that only accumulates numbers.".

 

This is a valid argument, at least so far. Currently, the Pi network is in the testnet stage, so blocks are not being created, and when the actual block starts to be generated after entering the mainnet, the amount of KYC authentication completed out of the amount of Pi acquired in the app is confirmed at a 1:1 ratio. In other words, it is a method of receiving issued coins rather than a direct mining method.

 

Pi Network has already been running test nodes for over a year. In other words, the pi network is running a technical test at this time to enter the mainnet and ensure that actual blocks are normally created by node participants. Therefore, since they are test nodes, test fake blocks are being created, not real blocks, so there is some truth to what they are claiming now, but when Pi enters the mainnet soon, the situation is completely reversed.

 

In the end, the fact that PI enters the mainnet has a very good meaning in that it can surely erase the previous scam opinions too. Currently, the block generation principle of the Pi Network follows the “Federated Byzantine Agreement (FBA)”.

 

■ passed the most difficult stage

Building a mainnet in cryptocurrency is like constructing a skyscraper like Burj Khalifa, not a typical building, if you compare it to construction. It is known that the technical difficulty is high enough that it requires enormous effort, time, and financial resources, and there is no guarantee that it will be developed even if they are satisfied.

 

So, since the development team of most tokens knows that this mainnet stage cannot be easily crossed, the goal is to quickly verify KYC and be listed on the exchange before the mainnet is built. Or, they just quickly list on the exchange without even thinking about developing the mainnet at all, then hand over the amount they have and go into hiding.

 

The Pi Network has taken the opposite path to these ordinary cryptocurrencies. Pi Network, launched on March 14, 2019, has never mentioned an exchange listing since its launch, and conversely, insists on the position of "We are not involved in the listing and decide for ourselves on each exchange." . And it has been taking nearly three years to fully focus on entering the mainnet.

 

Because of this, we are hearing complaints from general users, "How long do we have to wait?" and are suffering endlessly about the possibility of scams. However, it is of great significance in that if we really enter the mainnet soon, we will overcome the most difficult hurdle.

 

■ honesty

In general, it is known that the average time required to build the mainnet in cryptocurrency development is about 3 years. Even from this point of view, the Pi Network will be celebrating its 3rd anniversary on March 14, 2022, next year, so it is very meaningful in that we can prove to everyone that we have been diligently working on the mainnet development this time.

---

The time has come for the Pi Network's testnet to finally end. I think all the Pioneers must be mentally exhausted from suffering countless suspicions of scams and various criticisms. However, I would like to say that the current situation is not a problem at all, as all factors accurately show that the Pi network is not a scam and has the potential to reach high values.

 

□ If you haven't heard of the Pi Network yet, or want to know how to join, go to this link. 

[ Invitation code: kingsnet2 ]

 

↓ How to sign up

Pi Network - Complete instructions on how to sign up

↓ Quora space

Pi network station