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Pi Network team made announcements after launch
With the official launch of the Pi Network Open Network phase, it is no longer limited to a closed ecosystem. The project team has announced that external connectivity, providing continuous integration with other blockchains and financial systems, is now available. The team stated, "The Open Network has unlocked a comprehensive network of peer-to-peer interactions for the evolution of the Pi ecosystem, innovative applications, and integration with the broader blockchain world."
The Pi Network team (Pi Coin) also emphasized that the Open Network will enable the creation of a "utility-focused cryptocurrency that will gain widespread adoption." In particular, pioneers will be able to transact outside the Pi's internal ecosystem.
There are doubts, but the team is ambitious!
However, despite the record airdrop, Pi Network faces challenges, including regulatory scrutiny and doubts about its unique mining model. Critics argue that the pyramid scheme of attracting Pi Network users raises questions about sustainability and compliance with the law. In addition, market volatility also becomes a significant issue because most of its users are newcomers to the cryptocurrency market for the first time.
On the other hand, the project is committed to creating a decentralized and scalable ecosystem. The project team has stated that they are 120 times faster than the Bitcoin network. The next few months will determine whether Pi Network can sustain its momentum and realize its ambitious vision after transitioning to a fully open network.
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