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The Pi Network team made announcements after the launch
With the official launch of the Open Network phase, Pi Network is no longer limited to a closed ecosystem. The project team announced that external connectivity enabling seamless integration with other blockchains and financial systems is now available. The team stated, “Open Network has unlocked the comprehensive peer-to-peer network for Pi's evolving ecosystem, innovative applications, and integration with the broader blockchain world.”
Pi Network (Pi Coin) team also emphasized that Open Network will enable the creation of a "utility-focused and widely adopted cryptocurrency." In particular, pioneers can engage in transactions beyond Pi's internal ecosystem.
There are doubts, but the team is ambitious!
However, despite the record-breaking airdrop, Pi Network is facing challenges including regulatory scrutiny and skepticism regarding its unique mining model. Critics argue that Pi Network's pyramid-style user acquisition raises concerns about sustainability and legal compliance. In addition, the market volatility is also emerging as a significant issue due to the majority of its users being first-time crypto participants.
On the other hand, the project is committed to building a decentralized and scalable ecosystem. The project team claimed to be 120 times faster than the Bitcoin network. The coming months will determine whether Pi Network can maintain its momentum and fulfill its ambitious vision after transitioning to a completely open network.
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