Pi Network has been making headlines in the cryptocurrency market lately, mainly due to the buzz surrounding its token's price among people. It's believed that once the mainnet goes live, the price of Pi Coin could reach $0.4. This prediction has significantly boosted Pi's popularity among users.
Now, there's more good news from Pi Network. The team has successfully doubled the mainnet migration speed through essential optimizations. This technical upgrade includes changes in algorithms, processes, and interactions to make the entire migration workflow more seamless and efficient. It's said that tasks on the network will now be completed in seconds instead of minutes.
This change is so impactful that Pi Network can now migrate pioneers rapidly compared to the daily rate of upcoming migration requests. With this update, there's hope that Pi will surpass its previous monthly user addition record.
Stanford University academics Nicolas Kokkalis and Chengdiao Fan launched the Pi Network application in 2019, and the number of users has been increasing day by day. Users on the network hope that as the Pi Network mainnet goes live, they will see a significant increase in the value of the coins they have mined. However, the network team had announced the Mainnet's live launch for June 28, but there have been no updates from the team recently, leaving users unsure of the team's efforts regarding the Mainnet. During this time, several rumors surfaced, causing dissatisfaction among Pi users, including cases of fraud under the network's name and false news of Elon Musk's association with Pi, among others. However, the biggest news that shook people's trust in Pi was when Pi founder Nicolas Kokkalis suddenly disappeared, and there was no official statement from the Pi team regarding this matter. Currently, users are awaiting the launch date of the Pi Network Mainnet and hoping that it is not a scam.
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