「Adoption」タグアーカイブ

Pi Network: How Super Nodes and Validator Nodes Work

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Pi Network, which is attracting attention as an innovative project in blockchain technology, is making significant progress in the development of its mainnet. The version we are currently using is positioned as 0.5.0, representing an important step towards ensuring the platform’s stability, security, and scalability.

Please refer to this for node operation
How to Operate PiNode (Explaining IP Fixing, Node Settings, etc.)

Current Status and Outlook of Pi Network

Led by Nicholas Kokalis, Pi Network aims to build a comprehensive and sustainable ecosystem that goes beyond just a blockchain project. It has now grown into a massive community with over 65 million Pioneers worldwide and is establishing itself as a significant player in the global economy, extending beyond the cryptocurrency domain.

Details of Node Architecture

Validator Nodes

Pi Network’s validator nodes play a crucial role in verifying transactions and updating the blockchain ledger. Currently, three nodes, validator1, validator2, and validator3, are directly operated by the Pi Core Team, referencing the structure of the Stellar Development Foundation (SDF).

Supernodes

Supernodes function as full validator nodes and are responsible for the following important roles:

  • Maintaining data integrity
  • Ensuring network security
  • Managing network synchronization

Practicality and Adoption Strategy

Pi Network emphasizes real-world adoption and is advancing implementation in the following areas:

  • Peer-to-peer transaction systems
  • Decentralized finance applications
  • Digital commerce integration

Future Outlook

Pi Network is steadily preparing for the full operation of the mainnet. By adopting proven technologies like Stellar, it is building a foundation for global adoption while ensuring stability and reliability.

Particularly noteworthy is the focus on developing practical applications and building business partnerships. Through this, the project aims to realize a digital currency ecosystem with actual value, going beyond speculative trading.

Achieving 246,000 Nodes and its Relationship with Stellar

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We bring you the latest updates on the cryptocurrency project Pi Network. Approximately 5 years have passed since the project began, and significant progress is being seen.

Growth and Evolution of Pi Network

Pi Network continues to grow steadily, with the following notable points:

  • Reached 246,000 nodes, becoming one of the world’s largest networks
  • Pistellar’s open-source code is frequently updated
  • Wallet balance remains stable at approximately 38.2 million Pi

These figures indicate the strength of Pi Network’s infrastructure and the active participation of the community.

Relationship between Stellar and Pi Network

The relationship between Pi Network and Stellar is noteworthy:

  • Stellar functions as a platform for digitizing real assets
  • Stellar’s market capitalization has reached $3.4 billion, placing it among the top major cryptocurrencies
  • Pi Network may be utilizing Stellar’s technology as its foundation

In particular, the release of Stellar’s new protocol v22 could potentially impact the future development of Pi Network.

Pi Network’s E-commerce Strategy

Pi Network aims to build a comprehensive ecosystem, and e-commerce is one of its important elements:

  • Development of a platform where users can purchase goods and services using Pi coins
  • Promoting integration with local businesses
  • Supporting cross-border transactions and payments

These initiatives are expected to improve Pi Network’s utility and adoption rate.

Value and Future Potential of Pi Network

While there are various speculations about the value of Pi Network, the following points should be noted:

  • Global adoption is progressing
  • Transactions are recorded on the blockchain, ensuring transparency
  • Regarding the price, nothing definitive can be said until an official announcement

The value of Pi Network will ultimately be determined by its utility and adoption rate.

Summary

Pi Network continues to grow steadily and is becoming an important player in the cryptocurrency ecosystem through its relationship with Stellar and its unique e-commerce strategy. The impressive figure of 246,000 nodes indicates the project’s strong foundation.

As attention focuses on future developments, how Pi Network enhances its utility and promotes global adoption will be a key point. It is necessary to continue monitoring the trends of Pi Network.

Pi Network: 5 Days to KYC! Stablecoin Future and Global Adoption

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We will explain in detail the latest trends of Pi Network, which is attracting attention in the cryptocurrency market. We will focus particularly on price predictions, adoption status in various countries, and its potential as a stablecoin.

The deadline for KYC application is remaining 5 days. Please apply with plenty of time as processing may be delayed due to time differences or servers.

How to apply here
How to apply for PiNetwork KYC (Identity Verification) and points to note

Important Deadline and Procedure for KYC Process

Currently, Pi Network’s KYC (Know Your Customer) process is in its final stages. Approximately 14 million people have already completed KYC, and about 1 million remain incomplete. With only 2 weeks left until the deadline, users who have not completed it need to take prompt action.

Important Steps for Completing KYC

  • Start KYC application from the official app
  • Prepare valid identification documents
  • Complete the facial recognition process
  • Upload necessary documents

Adoption Status and Transaction Price in Various Countries

Pi Network is being adopted in various forms around the world:

Regional Adoption Status

  • South Korea: Introduced as a payment system at golf courses (transaction price approx. $72)
  • China: Adopted as a payment system in retail stores and for vehicle payments
  • Dubai: Used in various commercial transactions (transaction price approx. $50)

Technical Progress

Mainnet Features

Pi Network’s mainnet provides a secure and efficient transaction platform. It is designed as an advanced blockchain platform equipped with smart contract functionality and enabling P2P transactions.

Migration Process

Coin migration from the testnet to the mainnet is carried out under the following conditions:

  • KYC completion is a mandatory condition
  • Wallet creation and setup
  • How to check migration coins

Future Potential as a Stablecoin

Pi Network holds the potential to be a new stablecoin replacing traditional USDT. Transaction prices in various countries fluctuate between $40 and $100, and its stability, particularly in terms of GCB (Global Currency Balance) value, is attracting attention.

Future Outlook and Vision

Pi Network’s envisioned future:

  • Establishment as a daily payment method
  • Building a global P2P transaction platform
  • Expansion of usage for various services and product purchases
  • Development of its unique ecosystem

Important Advice for Users

Recommendations for current Pi Network holders:

  • If KYC is incomplete, proceed promptly
  • Check coins in the migration wallet
  • Consider a long-term holding strategy

Summary

Pi Network is attracting attention as a cryptocurrency with high future potential, particularly due to its expanding adoption in the Chinese market and its potential as a stablecoin. As the KYC completion deadline approaches, users are urged to take prompt action. With technical advancements and expanding adoption in various countries, the value of Pi Network is expected to increase further in the future.