「Wallet Migration」タグアーカイブ

Latest Pi Network Update: Introducing 2FA for Secure Wallet Migration

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On March 19, 2025, Pi Network introduced a new security feature: Two-Factor Authentication (2FA). This feature aims to make the wallet migration process more secure. This article provides details on 2FA, its importance, and steps for a successful migration process.

Official Blog Post Here
https://minepi.com/blog/two-factor-authentication/

What is Two-Factor Authentication (2FA)?

Two-Factor Authentication is a security method that requires an additional authentication step to access an account or service. In Pi Network, some Pioneers will verify a trusted email address and confirm wallet migration through a liveness check. This method significantly reduces the risk of unauthorized access and fraud.

Background of 2FA Introduction in Pi Network

Pi Network has strengthened the migration process to the blockchain Mainnet to ensure users can safely migrate their assets. The following points are particularly important:

  • Only for KYC Completed Users:Only users whose trustworthiness has been ensured through the identity verification process (including provisional KYC) are eligible for migration.
  • Use of a Trusted Email Address:The email address is also used for account recovery and other important authentications.
  • 14-Day Grace Period:If 2FA is not completed within this period, assets will be returned to the app.

KYC and 2FA: A Secure Migration Process

KYC (Know Your Customer) is a process aimed at verifying a user’s identity. Only users who have completed this process can set up 2FA and proceed with wallet migration.

Importance of a Trusted Email Address

A trusted email address is essential not only for the migration process but also for account recovery. Registering an inappropriate email address can lead to authentication failures or delays in asset migration.

What is the 14-Day Grace Period?

This period is set to conduct additional verification before transactions become irreversible on the blockchain Mainnet. This protects assets from unauthorized access or incorrect operations.

Migration Process: Step-by-Step Guide

Below are the steps for a successful wallet migration in Pi Network:

  • Complete the KYC process.
  • Register a trusted email address.
  • Confirm email address ownership through a liveness check.
  • Complete 2FA within the 14-day grace period. If not completed, Pi will be returned to the app, and re-migration will be queued after 2FA.

Notes and Recommendations

Pioneers should be cautious of notifications sent from sources other than official emails and protect themselves from suspicious links and phishing scams. It is recommended to trust only official emails from ‘noreply@pi.email‘ and respond promptly.

Pi Network and Blockchain Technology: Commitment to Security

Pi Network provides high security and transparency through its blockchain technology. Since transactions are immutable and wallets are non-custodial, 2FA reduces the risk of unauthorized access and asset loss.

Future Outlook

This new security feature provides a sense of security to the entire Pi Network community while also enhancing trust in blockchain technology. Further improvements and new features are expected in the future.

Summary

The introduction of Two-Factor Authentication (2FA) by Pi Network is an important step towards secure asset management and the wallet migration process. Users should promptly complete KYC and set up a trusted email to utilize this new feature and protect their assets.

Check the official website for more details:Participate actively as a Pioneer and take a step towards a secure future.

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

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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.

Pi Network: The Importance of Token Holding and Future Prospects

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Hello Pi Network community. This time, we will provide a detailed update on the latest progress of Pi Network and its future prospects. Of particular note are the transition of the ecosystem to “Mainnet” status and the wallet migration status.

Ecosystem Evolution: Transition to Mainnet

Significant changes are happening in the Pi Network ecosystem. Many applications that were previously in testnet status are finally showing signs of transitioning to “Mainnet” status. This change is an important indicator of Pi Network’s increasing maturity.

Specifically, it has been confirmed that approximately 12 ecosystem applications have transitioned to Mainnet status. However, this number is provisional and may increase further in the future.

Status of Major Applications

It is worth noting that some major applications are still in testnet status. For example:

  • Pi Explorer
  • Pi Browser
  • Pi Network

These applications provide core functionalities of Pi Network. It is likely that caution is being exercised in their transition to Mainnet.

Acceleration of Wallet Migration

Wallet migration to Mainnet is also steadily progressing. Currently, approximately 7.76 million wallets have been migrated to Mainnet. Particularly noteworthy is the increase in migration speed since the beginning of December.

  • December 17: Approximately 20,000 wallets migrated
  • December 16: Approximately 51,000 wallets migrated

If this momentum continues, approximately 1 million new wallets could be migrated by the end of December. This can be considered a significant step towards the practical implementation of Pi Network.

Importance of the KYC (Know Your Customer) Process

Closely related to wallet migration is the KYC (Know Your Customer) process. KYC is an important step to ensure the security and reliability of Pi Network.

KYC Status and Action

KYC status is categorized as follows:

  • Green: Approved
  • Orange: Temporary unapproved status (may require additional verification)
  • Red: Unapproved (requires additional action)

If your status becomes orange, it is important to wait patiently. If additional verification is required, you will receive a notification, so please follow the instructions.

The Future of Pi Network and Long-Term Strategy

Many people are interested in the future value of Pi Network. What is important here is to have a long-term perspective rather than focusing on short-term gains.

Importance of Long-Term Strategy

Pi Network aims for sustainable growth rather than immediate value realization. This approach is important for the following reasons:

  • Healthy development of the ecosystem
  • Expansion and stability of the user base
  • Technological maturity and improved reliability

Importance of Holding Tokens

Selling Pi tokens at this time carries the following risks:

  • The current trading price may be significantly below the potential value
  • Risk of fraud in P2P transactions
  • Loss of future growth opportunities

Instead of selling Pi for short-term gains, consider holding it long-term in line with the project’s growth.

Security and Vigilance Against Fraud

As Pi Network grows, security risks are also increasing. Particular caution is needed regarding phishing scams and malicious applications.

Tips for Safe Use

  • Avoid links and downloads from sources other than official applications
  • Do not share passwords or personal information with others
  • Do not respond to suspicious transactions or proposals
  • Regularly check security settings

It is important to respond cautiously to anything other than official notifications from the Pi Network team.

Summary: Towards the Future of Pi Network

Pi Network is steadily evolving. Many important developments are being seen, such as the ecosystem’s transition to Mainnet, the acceleration of wallet migration, and the importance of the KYC process.

As users, what we can do is focus on the following points:

  • Have a long-term perspective and support the project’s growth
  • Pay close attention to security and strive for safe use
  • As a member of the community, actively share information and support each other

The future of Pi Network depends on the actions of each one of us. Let’s grow together and aim for the realization of an innovative decentralized economy.