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PiNetwork Ecosystem Expansion – Integration with Multiple Blockchains and Future Potential

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In the world of PiNetwork, new developments are underway. Efforts focused on PiNetwork’s goal of expanding its ecosystem and exploring collaboration with multiple blockchains are attracting attention. This article explains the latest trends in PiNetwork and related technological advancements.

Latest Trends in PiNetwork – Transition to Open Network

PiNetwork, which is attracting attention as a cryptocurrency project, is taking an important step towards expanding its ecosystem. One of these is the transition of the Layer 1 blockchain from an “Enclosed Network” to an “Open Network” phase with external connectivity on February 20, 2025 ([Open Network Launch Date | Pi Network](https://minepi.com/blog/open-network-launch-date/)).

This transition provides a foundation for PiNetwork to connect with a wider range of users and businesses and promote the growth of dApps (decentralized applications).

Plans for Collaboration with Multiple Blockchains

PiNetwork is reportedly planning to collaborate with blockchains such as BNB Chain, PiNetwork, Ethereum, Base, and Solana in the future. This collaboration is expected to allow users to exchange Pi coins with cryptocurrencies on other blockchains or bridge between different networks.

PVM – Community-Driven Layer 2 Solution

As part of the PiNetwork ecosystem expansion, a Layer 2 scaling solution called “PVM (Pi Virtual Machine)” is reportedly under development as a community project ([PVM (L2 for Pi Network)](https://github.com/LayerPi)). PVM aims for EVM (Ethereum Virtual Machine) compatibility, enabling seamless deployment of smart contracts and a new era of Proof-of-Work (PoW) mining.

Key features of PVM include:

  • EVM Compatibility: Supports Ethereum smart contracts, enabling the deployment of dApps on the Pi blockchain.
  • Layer 2 Scaling: Achieves fast transaction processing and reduced fees.
  • Proof of Work (PoW) Mining: Introduces a new mechanism that allows mining Pi tokens through computational work, reducing the initial investment cost for miners.

However, it is important to note that PVM is not an official PiNetwork project but a community-driven initiative.

PiNetwork’s Vision – Building a Complete On-Chain Ecosystem

PiNetwork is reportedly aiming to build a complete on-chain ecosystem based on VM (Virtual Machine). The KYB (Know Your Business) application process is reported to include questions confirming whether Layer 2 tokens or NFTs exist on other blockchains.

This direction suggests the possibility that PiNetwork is aiming for a mature blockchain ecosystem similar to Ethereum, and growth in the dApps development community is also expected.

Important Reminder for PiNetwork Users

While paying attention to these new developments, it is important for PiNetwork users (called Pioneers) not to forget their daily mining activities. Open the PiNetwork app and click the “lightning” button to start your daily mining session.

PiNetwork is currently reported to be building an ecosystem with a large number of KYC (Know Your Customer) verified users and mainnet participants, a decentralized node network spread across the world, mainnet-enabled applications, and a network of KYB-verified businesses.

Summary – PiNetwork’s Future Potential

PiNetwork is seeking to strengthen its position in the blockchain industry through the transition to an open network and community-driven technological development. The plans for collaboration with multiple blockchains suggest ecosystem expansion.

However, information regarding the unique DEX “PJSwap” and PJS tokens mentioned in the article is deemed unreliable. Members of the PiNetwork community are advised to regularly check for the latest information from official channels.

*Note: The information in this article is as of March 2025, and the development status of PiNetwork may change. Always check official information before making investment decisions.

Overturning Crypto Norms! Pi Network Aims for a ‘Digital Economy for Everyone’

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The True Value of PiNetwork: The Potential Hidden in the Future Digital Currency

PiNetwork is attracting attention in the world of cryptocurrencies. We will explain its true value and potential in an easy-to-understand way, even for beginners. Exploring the characteristics and future vision of this new digital currency, incorporating the voices of PiNetwork pioneers.

What is PiNetwork?

PiNetwork is an innovative digital currency that can be mined using a smartphone. Unlike traditional cryptocurrencies, it does not require special equipment and is characterized by its ease of participation for anyone.

The Value and Future Potential of PiNetwork

PiNetwork supporters believe that this currency has the potential to hold very high value in the future. One pioneer states the following:

“Pi is very valuable. You might be able to buy 4 cars with 1 Pi. Or you might be able to buy 10 cars with 1 Pi.”

This statement indicates strong expectations for the potential value of PiNetwork. However, this is merely a prediction, and the actual value will be determined by market trends.

Characteristics of PiNetwork: Its Essence as a Currency

PiNetwork aims to function as a real currency, not just an object of speculation. This is a significant difference from traditional cryptocurrencies.

  • Used as a real currency, not bought and sold on exchanges
  • Focus on value, not price
  • Aims to be a globally usable currency

Potential for Social Contribution Using PiNetwork

PiNetwork pioneers have mentioned the possibility of undertaking various social contribution activities using this currency:

  1. Agricultural Support: Protection of farmland and support for farmers
  2. Low-Income Support: Guarantee of income above the minimum wage
  3. Revitalization of Local Economies: Contribution to local development

One pioneer states the following:

“We need to protect farmland and prevent it from being sold to real estate developers. We should support agriculture so as not to lose the foundation of food production.”

How to Use PiNetwork and its Future Vision

PiNetwork may be used in the following ways in the future:

  • Conversion to National Fiat Currencies: Convert to local currency as needed
  • Direct Use in Digital Payments: Used for daily transactions
  • Means of International Remittance: Utilized for cross-border transfers

Notably, PiNetwork aims to be used directly as a digital currency. One pioneer explains:

“Pi does not need to be exchanged. It is a currency in itself. All that is needed is to convert it to the currency of the country where it is used.”

Characteristics of the PiNetwork Community

The PiNetwork community has the following characteristics:

  • Equality: All participants are on equal footing
  • Cooperation: Helping each other and aiming for growth together
  • Diversity: People from various backgrounds participate

One of the community leaders states:

“There is no hierarchy in PiNetwork. We are all equal miners.”

Points to Note and Future Outlook

PiNetwork is still in the development phase, and its future potential has uncertainties. When considering investment, thorough research and careful judgment are necessary.

However, its innovative approach and the presence of a strong community suggest new possibilities for the future of digital currency. Many people have high hopes for the realization of the “fair economic system accessible to everyone” that PiNetwork aims for.

Summary

PiNetwork is attempting to pave the way for the future of digital currency with an approach different from traditional cryptocurrencies. It is important to understand its potential and challenges and engage cautiously. Attention is focused on future developments to see if PiNetwork will become a truly innovative digital currency and bring about transformation in the global economic system.