The Testnet phase began on March 14, 2020.
The Testnet aimed to test connectivity, performance, security, and scalability of the blockchain. It facilitated app development and deployment through the Pi Browser and SDK.
Multiple versions of the Node software were released. Key infrastructure components like Wallet, Browser, and developer tools were introduced. Pi Network grew to over 55 million engaged Pioneers, with thousands of functional community Nodes.
The Mainnet phase comprises an Enclosed Network period followed by an Open Network period.
The Enclosed Network period allows time for Pioneers to complete KYC, transition balances to Mainnet, and build utilities in a controlled environment.
It enables KYC completion for Pioneers worldwide, utility creation, and ecosystem iteration before the fully open Mainnet.
The Open Network period may start after the Enclosed Network period, allowing unrestricted connectivity with external networks, wallets, and blockchains.
The Pi Network mobile app was launched on iOS and Android stores. The network grew to over 3.5 million engaged Pioneers. Active engagement was observed through the app’s home screen and chat functionality. Pi Network reached users in 233 countries and regions globally.
The Beta phase aimed to onboard initial Pioneers, grow the network, and iteratively develop technical features and user experience based on community input.
The reward is calculated based on the time spent in Pi apps and the diversity of apps used. The formula considers a Pioneer’s time spent per app, the logarithmic value of total time across apps, and the average daily time ...Read more