Pi Coin Mainnet Unveiled After Two-Year Delay, Raising Hopes for Profit

After a two-year delay, the much-anticipated Pi Coin mainnet or operational blockchain network has finally been unveiled.

After being postponed for two years, the mainnet of the highly awaited Pi Coin or operational blockchain network has finally been launched. The launch took place at 8:30 a.m. UTC (1:30 p.m. IST) on Feb. 20, marking its transition to a tradable asset.

Pi Network, which was founded in 2019 by Stanford graduates Nicolas Kokkalis and Chengdiao Fan, aims to make cryptocurrency accessible to everyone. Cryptocurrency, a digital currency based on blockchain technology, operates on a decentralised system where data is stored in blocks linked together, making it nearly impossible to alter.

The launch of Pi Coin has raised hopes for profit, especially among those who underestimated the value of popular cryptocurrency coins like Bitcoin, which are now out of reach due to their high prices.

The Pi Network blockchain project allows users to mine crypto using a mobile application offering an alternative to the traditional mining concept. Unlike complex crypto assets like Bitcoin, Pi can be mined using just a phone app without the requirement of special equipment.

According to estimates, roughly 10 million users are waiting to move their mined coins to the mainnet.

“With millions of KYC (know your customer) -verified Pioneers and a thriving utilities-driven ecosystem, Open Network expands available opportunities, which allows Pioneers to connect Pi with external systems for use in real-world applications like never before,” Pi Network’s official account had announced on X (formerly Twitter) on Feb. 12.