Pi Network Unveils Open Network: Revolutionizing Crypto Accessibility

The Pi Network, a decentralized cryptocurrency platform, has announced the launch of its Open Network, marking a significant milestone in its journey to make cryptocurrency more accessible to the masses. With a community of over 60 million engaged users, including more than 19 million who have completed the Know Your Customer (KYC) process, the Pi Network is poised to revolutionize the crypto sector with the launch of its next phase.

The Open Network, set to launch on February 20, 2025, at 8:00 am UTC, will bring external connectivity to the Layer-1 blockchain that has been live in its Enclosed Network period since December 2021. This new era will allow the Pi network, along with its fully-developed functionalities, ecosystem components, utility-based applications, and the massive crypto-enabled social network, to connect securely with external systems and expand opportunities for Pi Network Pioneers and businesses alike.

Dr. Nicolas Kokkalis, one of the two Pi Network founders and Head of Technology, explained that the Open Network phase will allow for greater utility within the network: "Pi is the world’s first crypto that users can mine for free on mobile phones, which has helped, and will continue to help, bring crypto to the hands of millions of people around the world through accessibility."

Dr. Chengdiao Fan, Pi’s other founder and Head of Product, added that "Open Network is the culmination of our endeavors to build and launch a fully developed and inclusive worldwide peer-to-peer ecosystem and online experience, fueled by Pi, with the focus of it to becoming the most widely used cryptocurrency."

The Pi Network's Open Network allows for external connectivity on the Pi Mainnet, which permits the Pi token to interface with other compliant networks and systems. The external connectivity also enables the community and the decentralized world to use new types of utilities and bridge Pi with real-world businesses and their fiat-based operations. In a connected world, users can continue to use Pi as a universally understood and accepted medium of exchange, simplifying payments and expanding opportunities across the Pi ecosystem.

The Pi Network has already seen widespread adoption as a medium of exchange, well before the Open Network launch. PiFest 2024, a one-week event connecting local Pi-powered businesses with Pioneers, attracted over 27,000 active sellers and