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Pi Network Mainnet Migration Accelerates – Approaching 10,000 Wallets Per Hour Milestone

Pi Network’s Mainnet migration is steadily progressing, with significant advancements reported. We bring you the latest information on the current wallet migration speed and future developments.

Current Migration Status

The migration speed to the Pi Network Mainnet (Mnet) is recording astonishing numbers. Currently, over 10,000 wallets are being migrated per hour, achieving a migration of approximately 200,000 wallets in a 24-hour period.

Path to Achieving the Goal

The network’s goal is the migration of 10 million wallets to the Mainnet. Currently, only about 1.5 million wallets remain to be migrated, showing steady progress.

Future Timeline

Pi Network plans to deploy the Open Mainnet in Q1 2025, specifically in January 2025. The development team is currently carefully verifying system stability in preparation for global deployment.

Impact on the Community

This progress provides Pi holders with the following opportunities:

  • Additional time to earn more Pi
  • Sufficient preparation time for Mainnet migration
  • Ensuring reliability through improved network stability

Future Outlook

The development team is proceeding with preparations for the complete Mainnet migration with utmost care. This cautious approach is expected to ensure network stability and reliability after the launch.

Testnet 2 Launches, Main Network Launch Imminent!

Pi Network Latest News: Mainnet Public Release Imminent with Testnet 2 Launch!

Pi Network has taken a big step forward. The official launch of Testnet 2. This is a significant event indicating that Pi Network is steadily progressing towards the mainnet launch. This article will explain the details of Testnet 2, its importance, and its impact on the future of Pi Network.

1. Launch and Importance of Pi Network Testnet 2

1.1 What is Testnet 2?

Testnet 2 is a crucial testing phase conducted before the full operational launch of Pi Network. Similar to how many cryptocurrency projects deploy multiple testnets, Pi Network is also going through this stage to ensure system stability and security.

1.2 Importance of Testnet 2

The main objectives of Testnet 2 are as follows:

  • Stress testing to withstand large-scale transactions
  • Simulation of resilience against potential attacks
  • Verification of network stability and overall performance
  • Testing and optimization of new features

Through these tests, Pi Network aims to minimize problems after the mainnet launch.

2. New Features and Technical Details of Testnet 2

2.1 Reduced Gas Fees

In Testnet 2, transaction fees (gas fees) have been significantly reduced. A very low fee of 0.000009 Pi is set during the testing phase, but it is undecided whether this low fee structure will be maintained after the mainnet launch. This low fee structure could potentially promote network adoption and usage in the future.

2.2 Multi-User Asset Functionality

The core team of Pi Network is testing a feature that allows managing assets for multiple users with a single wallet address. This is a crucial feature that simplifies asset management processes, especially for large institutions and platforms.

2.3 Chain Connection Test

Currently, Pi Network has over 200,000 active nodes, which are planned to be gradually migrated after the mainnet launch. This process will enhance the decentralization and security of Pi Network. The presence of a large number of nodes helps increase network stability and fault tolerance.

3. Evolution of Pi Network Wallet

3.1 Hierarchical Deterministic Wallet

The Pi Network team is testing a new feature called a “Hierarchical Deterministic Crypto Wallet”. This allows users to generate multiple public addresses with a single passphrase, improving privacy and the security of asset management.

3.2 Enhanced Security and Usability

Pi Network’s crypto wallet is highly regarded within the industry for being particularly secure and easy to use. It utilizes state-of-the-art encryption technology and achieves intuitive operability. In Testnet 2, these features can be further enhanced and tested in real-world usage scenarios.

4. Impact of Testnet 2 on Pi Network’s Stability

Testnet 2 has a significant impact on the overall stability of Pi Network:

  • Comprehensive Testing Environment: Allows thorough testing of connectivity, performance, security, and scalability.
  • Flexible Development Environment: Enables rapid improvements through seamless switching between Testnet and Mainnet.
  • Preparation for Open Network: Ensures stability and success through adjustments to settings and formulas.
  • Testing New Features: Tests new features such as multi-user assets and hierarchical deterministic wallets in conditions close to the real environment.
  • Improved Decentralization: Increases the level of network decentralization through a large number of active nodes.

5. Growth of the Pi Network Ecosystem

According to reliable sources, approximately 120 dApps are connected to Pi Network’s Testnet Beta and Mainnet SDK. These cover a wide range of fields including finance, e-commerce, gaming, education, and social media. The growth of this diverse ecosystem is expected to accelerate further through comprehensive testing in Testnet 2.

6. Trends in the Cryptocurrency Industry and Their Impact on Pi Network

Recent discussions on cryptocurrency at the BRICS summit and Warren Buffett’s investment plans in Web3, among other industry-wide movements, could also influence the development of Pi Network. The success of Testnet 2, combined with these external factors, could potentially promote the value and adoption of Pi Network.

7. Summary: Future Outlook for Pi Network

The launch of Testnet 2 indicates that Pi Network is steadily moving towards the mainnet launch. Considering the addition of new features, the growth of the ecosystem, and industry-wide trends, the future of Pi Network looks very bright.

By conducting extensive testing and improvements through Testnet 2, Pi Network aims to ensure network stability, security, and optimal performance before the full launch of the mainnet. This phased approach helps minimize risks and maximize the network’s readiness for mass adoption.

It remains important to continue watching the development of Pi Network. The world of cryptocurrency is changing rapidly, but Pi Network is establishing its unique position within it. Users should keep an eye on these developments and not miss the opportunity to participate in the growth of Pi Network.

How to Operate Pinode Stably

Introducing methods to prevent the situation where your Node software stops running for days due to unexpected issues, even after you’ve finally set up Node operation.

Perform Windows Update at Your Preferred Timing

Sometimes, Windows Update causes your PC to restart, leading to a situation where the Node software is not running. The timing for updates is fixed, the second Wednesday of every month is the day when updates are regularly distributed. It’s a good idea to keep an eye on your PC around this time, expecting Windows Update to happen automatically. Also, you can perform the update manually at any time.

Click the Windows icon in the bottom left → Gear icon → Update & Security.

Under the Windows Update section, click ‘Pause updates for 7 days’. The screen display will change to ‘Pause updates for another 7 days’. Clicking this multiple times will extend the date.

↓Click the blue part here

↓The display changes to show that it will resume on ○○, like this.

↓Clicking further extends the date.

If you want to update at your preferred timing, please click ‘Resume updates’.

Clicking ‘Resume updates’ will automatically check for updates.
If there are updates, the UPDATE process will be performed automatically.

If a restart occurs during the UPDATE process here, please restart and launch the Node app again.

Postponing Windows Update increases security risks, so please use this method to perform the UPDATE process at your preferred timing starting from the second Wednesday.

Set Pi Node and Docker to Launch Automatically When PC Starts

Even if you restart, it’s meaningless if you forget to launch the apps. Set both apps to launch automatically when the PC restarts. (You will still need to perform operations to reach the Node screen after they launch)

Startup Settings

Click the Windows icon in the bottom left, and type Startup apps. ‘Startup apps’ will appear in the search results.

Opening this settings screen will show a list of apps installed on your computer.
Look for Docker Desktop and Pi Network in this list.
Once found, as shown in the image below, turn the switch ON. When it’s ON, the apps will launch automatically from the next restart. Once they launch, click the Pi Network app to start the Node.


Stabilize Your Internet Connection

Even if you open ports, it’s meaningless if your internet connection is not stable.
Review the network connection around your PC and try to set up a stable connection.

Connect via Wired LAN Instead of Wireless LAN

The most stable network connection is one where the PC is connected via wired LAN. There might be physical limitations, but if you can switch, connecting via wired LAN is recommended. Unlike wireless LAN, you can maintain the network connection without being affected by surrounding radio waves, allowing for stable operation. If you already have a wired LAN environment and want to be more particular, pay attention to the LAN cable as well. Using an old LAN cable might result in slow communication speed due to an outdated standard.

Check the cable standard printed on the LAN cable.
Cables marked as CAT.5 are old and slow.
Newer standards include CAT.5E CAT.6 CAT.7, but CAT.5E is sufficient for home internet connections. If the cable included with your provider contract is this old standard, it’s a good idea to replace it with a new one.

If you mix old and new standard LAN cables, the speed will decrease to match the older one, so if you are replacing cables, unify all LAN cables connected to network devices.

Stabilize Your Wireless LAN

Even if you have to use a wireless LAN connection due to physical constraints, there are ways to stabilize the network.

First, Check Signal Strength

When connected via wireless LAN, unstable signal strength can lead to decreased network speed.
Check if the location where your PC is set up receives a good signal.

When connected to wireless LAN, a mark like this is displayed in the bottom right of the Windows desktop. If the signal is weak, the white bars will decrease one by one. If it’s stable, it will be in the state shown by the red circle.

This is a simple way to check, but if you want to investigate thoroughly, there is a smartphone app called WiFi Analyzer. You can check the wireless LAN signal status in your room. If the display above is stable, there should be no problem, but if you are concerned, please check it.

This article is helpful.
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How to Deal with Unstable Signal

If the signal strength icon is not stable, there are ways to deal with it.

① Check for Signal Interference
Check if there is anything nearby that interferes with the wireless LAN signal.
Sometimes, signal interference occurs because similar radio waves are being transmitted nearby, worsening the wireless LAN signal status.

Causes of Interference
Microwave Oven
→The signal becomes extremely poor when the microwave oven is in use.

Countermeasures
Change the location of the microwave oven. Change the wireless LAN frequency.

Other Wireless LAN Signals, Wireless Devices (Cordless Phones, Bluetooth Devices, etc.)
→In apartment buildings, many wireless LAN and other signals are being transmitted. It is difficult to identify what is causing the interference.

Countermeasures
Use the Wi-Fi Analyzer introduced above to check the transmitted radio frequencies. Find unused frequencies and change to them.