What Is An Enclosed Mainnet Pi Network? Check Here Let's Add Understanding!

JAKARTA Pi Network is a crypto project that gained its popularity before it was launched to the public. In fact, Pi Coin, a Pi Network cryptocurrency that can be obtained from mining activities via smartphones, has not yet been listed on crypto exchanges.

However, a number of crypto trading platforms have started unofficially registering Pi Coin. Pi Network developers themselves stated that they have not been connected to any crypto trading company. So, Pi Coin is actually not listed on the exchange.

Pi Network revealed the reason, because Pi Network is still in a closed-mainnet phase or Enclosed Mainnet. Not a few are wondering what a closed-down Pi Network mainnet is. Here's a brief explanation!

What is an Enclosed Mainnet?

Before understanding Mainnet's Enclosed, it's a good idea to understand the meaning of the mainnet first. Mainnet is an acronym for playing networks or main networks.

Launching BeInCrypto, the mainnet is a fully growing and streaming blockchain network, verifying, and recording transactions. That summarizes quite a bit of the definition of a mainnet - a blockchain network that has been launched, fully operational, and actively processes transactions using distributed ledger technology.

Based on information from the official Pi Network minepi.com page, Enclosed Mainnet means the main network is active but limited to firewalls that prevent unwanted external connectivity. Blockchain Pi Mainnet launched on December 28, 2021, is in this closed condition and continues to be in this condition.

In this closed-mainnet stage, miners or Pioneers who have passed the KYC (Know Your Customer) stage can use their Pi on Mainnet freely and still be limited to the Pi Network. The reason is, this phase does not allow interblockchain connectivity, such as from the Pi blockchain with other blockchains or third parties.

During this Enclosed Mainnet period, the developer announced that Pi Coin cannot be exchanged for fiat money or other cryptocurrencies. Pi Network explained in an updated whitepaper that this closed mainnet is the first step before the launch of the mainnet opens.

Later, at the Mainnet Public stage, the firewall will be removed and the Pi blockchain can be connected to other blockchains. That means, Pi Coin will be exchangeable for other digital assets and traded on crypto exchanges.

Pi Network Development Needs Time

Pi Network founded by Stanford University academics such as Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Yale University's Vincent McPhilip are starting to get attention from the crypto community and developers of recent decentralized applications. Even so, it took a long time for the development of this Pi blockchain.

Therefore, the developer decided to carry out development in the closed network of Pi as an effort to focus on building networks, utilities, and capturing communities first before the launch of the Open Mainnet.

"This step is a strategic choice to build networks with actual substance and utilities taking into account the best interests of the network, community, and individual miners (Pioneer)," Pi Network said.

Tim Pi Network memaparkan bahwa untuk mengembangkan proyek yang bagus dan bersifat jangka panjang juga membutuhkan waktu yang tidak singkat. Menyinggung sejumlah proyek kripto yang dikembangkan secara singkat biasanya akan bermasalah.

Historically, every true creation in the world takes time, be it scientific discoveries, technological innovations, or influential companies. While people are accustomed to the short period typical of crypto projects, such a timeframe is actually not a normal track for the creation of substance and development of utilities and can cause problems, many of which we witnessed recently in the crypto space, wrote blockchain developer Pi.

This Enclosed Mainnet phase helps Pi Core to focus on developing decent infrastructure, ecosystems, and utilities in a closed environment without external disturbances.

The team further revealed the reason for focusing on development and utilities. This is intended so that Pi Coin does not have the fate of other cryptocurrencies, because the world already has many cryptocurrencies and does not need anything else