Pi Network takes up the headline of the news nowadays after it starts highlighting its transaction speed relative to what the Bitcoin network offers. This comparison came into discussion ahead of the launch of the Pi Network.
It claims that the network will deliver a transaction speed of 120 times faster than Bitcoin. The project’s transition to the Open Network ought to increase the number of transactions per block, they added.
The project is witnessing 540,000 downloads per day, which underlines people’s interest in the project. However, everyone is not convinced. Critics argue that although the network has an impressive speed, it couldn’t match up to the see of the competitive blockchains, including Solana, Avalanche, Algorand, and EOS.
Comparison table of Pi Network and other blockchains
| Blockchain | Block time |
| Pi Network | 5 seconds |
| Solana | Around 0.4 seconds |
| Avalanche | Finality under 1 second |
| Alground | Around 3.3 seconds |
| EOS | Around 0.5 seconds |
This comparison table shows that the Pi Network is faster than Bitcoin but not as fast as others. One of the Pi Network’s supporters, Jatin Gupta, informed miners to prepare for a significant reduction in mining speed in March 2025 as a result of upcoming network adjustments. This announcement was made when people started showing interest in Pi Network, and on the other hand, the project is facing challenges and legal warnings. The team is actively working to keep Pi Network on top.
When will the Pi Network Launch?
Pi Network will launch on February 20, 2025. The confirmation of the release date was announced by Nicolas Kokkalis, who is one of the network’s founders. The launch can be taken as a baby step in the project’s transitions. They are looking forward to the phase change of the current Enclosed Mainnet to the most awaited Open Mainnet phase.
The delay in launch has happened due to the sheer scale of preparations as well as the Know Your Customer (KYC) process, which is essential to verify the millions of users. As per the records, more than 18 million users have completed the KYC process. Unfortunately, only 9 million have shifted to the mainnet.
What to Expect from Pi Network?
Let’s see what Pi Network has promised to deliver:
- Direct transactions: Allow transactions directly on the blockchain without a mediator. This feature makes payments faster and more efficient.
- Smart contract support: Supports smart contracts that can enable automated and complex agreements.
- dApps hosting: The network hosts a wide array of Decentralized Apps (dApps), including financial tools and entertainment platforms. This will expand the ecosystem’s use cases.
- Enhanced security and scalability: Improvements can be expected in security protocols and scalability. These improvements will help the network to handle surged activity.
Why the Excitement Behind the Pi Network?
The hype around Pi Network is its focus on redefining the digital currency landscape. The project claims to democratize crypto mining and make it accessible to anyone with a smartphone. They let users mine crypto on their own phones without draining their battery or wallet. Utilizing the Pi Network mobile app, the project can turn mining into something like tapping the phone. The app can be easily used by just installing the app, followed by logging in, then clicking a button, and repeating every 24 hours to watch the Pi balance grow.
Also Read: Bitcoin’s Price Nears Multi-year High Despite Libra Meme Coin’s Collapse
The Bottom Line
Pi Network will launch on February 20, 2025. Several concerns and rumors are spreading related to the launch. The prime concern from the people side is whether the network can sustain its massive user base and deliver what they have promised. This launch will be a treat for professional miners. But there is surety in terms of when or where the coins can actually be traded. To know about the project up to date, stay connected with the core team, and you can also consider tracking platforms such as Binance and Kraken.
