Pi Network, which allows mobile mining of cryptocurrency, is expected to announce the launch of a highly anticipated mainnet by the end of this year. The mainnet launch will be a significant turning point that brings the network from testnet to live.
Everyone is eagerly waiting for the beta ecosystem to upgrade into an open network that can be used across exchanges and other blockchains. The mainnet, which allows actual transactions and additional functionality, is the fully operational blockchain network, in contrast to the testnet. The network’s full potential will become accessible with this mainnet migration.
Users can expect these features from the Pi network mainnet:
- Direct Transactions: Users can now perform transactions directly with Pi coins on the blockchain, removing intermediaries and streamlining the process.
- Smart Contracts: The mainnet will support smart contracts, enabling more complex and automated agreements on the network.
- Decentralized Apps (dApps): A variety of dApps, from financial to entertainment, will be available, enhancing Pi coins’ utility and providing more options for users.
- Enhanced Security and Scalability: Advanced security measures and scalability improvements will be implemented to protect users and manage increased network activity.
With additional features and enhanced currency management beyond what was feasible during the test phase, this change indicates that the network is ready for full-scale operations.
Mainnet Launch Preparation Guide
To prepare for the mainnet launch, users and miners should update their Pi Network app to the latest version, complete the Know Your Customer (KYC) process for full access to new features, and stay informed through official announcements.
Challenges and Opportunities Ahead
As Pi Network approaches its mainnet launch, it will face several challenges. Users will need to adapt to new mining rates and features, requiring strategic adjustments.
The network will enter a competitive blockchain market, where it must differentiate itself with unique value propositions and features. Ensuring the mainnet’s security and stability will be essential, necessitating continuous monitoring and enhancements to guard against potential threats.
The mainnet launch presents significant opportunities. It will drive ecosystem growth by enabling new applications and services, leading to broader adoption of Pi coins.
The introduction of smart contracts and dApps will foster innovation and development within the community, offering new avenues for developers and users. Enhanced user experience through faster and more secure transactions will likely increase satisfaction and strengthen Pi Network’s market position.
Pi Coin Price Predictions
Following is a list of various analysts’ forecasts to help you understand the Pi coin price potential better.
- According to the CoinCodex Pi coin price forecast, the price could reach lows of $37.42 and highs of $305.86 by the end of 2024.
- Based on the Crypto Bulls Club Pi coin forecast, PI could see lows of $22.384 and highs of $27.981 by the end of 2024.
- The InvestingCube Pi price forecast predicts the price could reach lows of $1 and highs of $1.5 by the end of 2025.
- MoneyBinds’ 2025 Pi coin price prediction estimates lows of $3.48 and highs of $7.83.
- According to Changelly, the price of Pi coin by the end of 2024 could reach a minimum of $40.87 and a maximum of $50.84.
Also Read: Pi Network Offers KYC 6-month Grace Period from July 1
