Pi Network Moves Toward Decentralization Amid Doubts
Key Takeaways
- Pi Network shuts down its central node and announces open-source code.
- The goal is to further decentralize the network.
- However, some central control mechanisms remain in place.
- Major announcements planned around the “Consensus 2025” conference.
- Criticism over lack of transparency and limited usability persists.
Pi Network Shuts Down Central Node
Pi Network has taken a significant step toward decentralization: the network’s central node has been shut down. This decision was confirmed by an official network diagram that visually illustrates the removal of the node.
The project aims to build a decentralized blockchain infrastructure and relies on a custom-developed consensus mechanism called “Improved Proof of Stake” (IPoS). This is intended to make the network more efficient and secure than traditional proof-of-stake models.
Open-Source Code Announced
Next week, Pi Network plans to release its source code. This would allow developers around the world to gain insight into how the network operates and contribute to its further development. For many in the community, this is a long-awaited step toward greater transparency.
But There’s a Catch
Despite the open-source initiative, a central issue remains: control over the so-called “supernodes” still lies with the core team. These powerful nodes play a crucial role in validating transactions.
In addition, reports suggest that the team controls around 82.8 billion PI tokens. This represents a significant share of the total supply and raises questions about the project’s actual level of decentralization.
Major Announcements at Consensus 2025
Pi Network is leveraging the momentum surrounding the “Consensus 2025” blockchain conference in Toronto. Several announcements are planned between May 14 and 16. The kickoff will be a previously undisclosed message, followed by another “major” event on May 15.
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On May 16, Pi co-founder Dr. Nicolas Kokkalis is scheduled to speak in person. The community is hoping this will bring clarity regarding the project’s future direction.
Decentralization Remains Controversial
Despite recent developments, criticism of Pi Network continues. The mainnet is still not publicly accessible. Users are unable to freely transfer their coins. In some regions, access to features like “Lightning” is only possible via VPN.
These limitations contradict the claim of being a decentralized network. As long as central control mechanisms remain in place, the project’s credibility remains in question.
Our Assessment
Pi Network is moving in the right direction, but the path to true decentralization is still long. Shutting down the central node and the planned release of the source code are important steps. At the same time, key elements such as supernode control and limited usability remain problematic.
Whether Pi Network can successfully transition will depend on the decisions made in the near future. The community should closely monitor the upcoming developments — as they could determine the project’s fate.
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