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Complete Overview of Pi Network Mainnet Migration: Blockchain Innovation Enters a New Era

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Important progress is being announced one after another towards the Pi Network mainnet migration scheduled for the end of 2024. As preparations to revolutionize global finance are steadily underway, we will introduce notable new features and future prospects.

New Features and Development Status

Introduction of Business Wallet

The introduction of a corporate wallet by CT has been announced. This new feature will enable companies and organizations to achieve transparent asset management on the Pi Network. Measures against fraudulent transactions and money laundering will also be strengthened, marking an important step towards accelerating adoption by companies and government agencies.

Integration Test with Fiat Currency

Integration tests with major global fiat currencies are progressing smoothly on Testnet 2. This is expected to make Pi more than just a digital currency, serving as a foundation for more efficient cross-border transactions.

Progress in Strategic Partnerships

Partnership with Stellar and Mastercard

A partnership between Stellar and Mastercard was announced at the Meridian conference in October 2024. This partnership will make sending money possible using email addresses or phone numbers instead of complex blockchain addresses, making the everyday use of crypto assets more accessible.

Reference
The New Era of Cryptocurrency Opened by Pi Network: The Impact of the Stellar-Mastercard Partnership

Evolution of Nodes

With the release of Node version 0.5.0, preparations for the open mainnet migration are in full swing. Over 200,000 nodes are planned to be operational, and through operation on Testnet 2, the construction of a stable mainnet environment is progressing.

Reference
Pi Node 0.5.0 Automatic Update: Latest Information and Precautions

Future Outlook and Industry Impact

The Pi Network mainnet migration is predicted to bring about significant changes in the blockchain industry. An increase in new users and the emergence of innovative applications are expected to create a new competitive environment in the cryptocurrency market.

Expectations for Practical Application

Various practical applications, from e-commerce solutions to financial services, are planned for deployment. This will strengthen the Pi Network ecosystem and make it possible to provide practical value to users.

Summary

Pi Network is preparing for a broader and more powerful next phase through the business wallet, integration with fiat currencies, strategic partnerships, and the evolution of nodes. The mainnet migration at the end of 2024 will be a significant turning point shaping the future of the entire cryptocurrency industry.

For Beginners: What Changes with the Pi Network Mainnet Launch?

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Pi Network Finally Launches Mainnet by the End of 2024! Latest Updates Summary

Pi Network is attracting attention in the cryptocurrency community. Various developments are being reported towards the planned mainnet launch at the end of 2024. This time, we will provide a summary of the latest information on Pi Network in an easy-to-understand manner.

Introduction of Business Wallet

The Pi Network core team has developed a Business Wallet for companies and organizations. This wallet allows companies and organizations participating in Pi Network to issue and manage their own assets while maintaining transparency. Furthermore, procedures to prevent fraud and money laundering are also incorporated.

Integration Test with Fiat Currency

Currently, integration tests between Pi Coin and major global fiat currencies are being conducted on Testnet 2. If this test is successful, the possibility of Pi Coin becoming the center of global transactions increases.

Collaboration with Stellar Development Foundation

At the Meridian 2024 conference held from October 15 to 17, the partnership between Stellar and MasterCard was announced. This partnership will integrate MasterCard’s crypto asset authentication solution into the Stellar Network.

Furthermore, it is noteworthy that the symbolic color of Pi Network, purple, was frequently used at this conference. This suggests the possibility that Pi Network will be integrated with major crypto assets via Stellar.

Release of Node Version 0.5.0

The latest version 0.5.0 of the node software, which is central to Pi Network, has been released. This update has made the transition to the open mainnet more realistic. With the Testnet 2 environment getting closer to the mainnet, a smooth transition is expected.

Summary: The Future of Pi Network

These developments indicate that Pi Network is steadily preparing for the mainnet launch at the end of 2024. The introduction of the business wallet, integration with fiat currency, and partnerships with major companies show that the practicality and reliability of Pi Network are increasing.

For those interested in cryptocurrency, especially beginners, the movements of Pi Network are worth paying close attention to. Let’s look forward to seeing what value Pi Coin will hold after the mainnet launch.