Pi Network Core Team Claims Superiority Over Other Crypto Projects: Here’s Why
It has been over a 12 months for the reason that official launch of Pi Network, however greater than half a decade for the reason that challenge began attracting customers.
Within this timeframe, its neighborhood, generally known as Pioneers, has grown into the thousands and thousands, the workforce mentioned, and just lately outlined why their person base truly means greater than these on different chains.
PI > Others?
The submit on the one official X account linked to the challenge noted that there are over 18 million identity-verified customers inside the broader Pi Network ecosystem. However, though that is by far not essentially the most important quantity for any blockchain, as a few of the largest have a whole lot of thousands and thousands of lively wallets through the years, the workforce outlined the place it differs and is supposedly superior to most.
“1 million verified customers on Pi ≠ 1 million customers on different networks.”
This is as a result of most different networks measure development in easy account numbers, and only a few take a look at the verified customers. In distinction, the Core Team behind Pi Network mentioned it “acknowledged the significance of identification verification early on and that unverified account creation is just not sufficient.”
“Verified identities are wanted for any significant transactions, particularly in real-world economies.”
Whenever an asset is transferred, it “raises a primary query of identification: who’s sending it, and who’s receiving it.” If these identities stay unknown, it’s tougher to belief that the switch is legitimate or that it went to the right receiver, the workforce added.
This is why they determined to construct a “totally KYC-verified Mainnet ecosystem,” which reduces spam and will increase trustworthiness.
This Time, Community Agrees
Most of the opposite posts from the Core Team prior to now few months have faced heightened scrutiny from the neighborhood, principally over KYC and their lack of ability to switch their tokens to the mainnet for a very long time. However, the vast majority of the feedback beneath this submit had been considerably extra supportive.
One person noted that having over 18 million verified customers even earlier than good contracts are totally stay is “the type of distribution that makes builders on different chains genuinely uncomfortable to consider.” Another one added, “Who else remembers when folks doubted the KYC course of would even work at this scale?” A 3rd agreed {that a} verified community is “not simply cleaner” however “essentially extra reliable for any type of financial exercise.”
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