We want to start with a disclaimer: the following information comes from insider sources and not from official announcements, but it appears to be credible.
What’s New with Pi Network?
Recent reports suggest that some Pi Wallet users are experiencing issues, and these problems might be linked to the anticipated Superwallet update. Many Pioneers are discussing these disruptions on social media, speculating that the upcoming upgrade could be the cause.
Wallet Issues
There are rumors that the current problems with Pi Wallet are related to the soon-to-be-released Superwallet update. This update is expected to be so significant that the wallet may need to be temporarily disabled during the transition. Insiders believe this measure is to ensure that everything will function correctly with both Testnet2 and Mainnet when they are fully operational.
Why the Superwallet Upgrade?
Better Compatibility: The primary goal of the Superwallet update is to ensure that Pi Wallet works seamlessly with both Testnet2 and Mainnet. This should make the transition smoother when the main network officially launches.
Performance Improvements: The update is anticipated to bring various performance enhancements, including new features, improved utility, bug fixes, and an overall better user experience.
Enhanced Security: With recent security incidents like the WazirX crypto heist, improving security is a major focus. The Superwallet update aims to better protect users’ assets from potential threats.
What Should Pi Users Do?
Watch for Official Updates: Stay tuned to official announcements from the Pi Network team for the latest information on the wallet’s status and its expected return.
Be Patient: We understand that this situation can be frustrating, but patience is key. The development team is working diligently to resolve these issues, and this process takes time.
Anticipate New Features: Once the update is complete, expect new features and improvements that should enhance your overall experience.
When Will Pi Network Launch?
The mainnet launch of Pi Network is now anticipated by the end of 2024. This delay is intended to ensure that the network meets all regulatory standards and security requirements. Pioneers must complete their KYC process by September 30, 2024, and transition to the mainnet by December 31, 2024. While this delay has disappointed some users, it underscores the network’s commitment to compliance. The Pi2Day Challenge highlighted strong community involvement, with millions participating to help achieve the Open Network goals.
What About the Pi Coin Price?
Pi Network has recently gained attention in the cryptocurrency market, mainly due to the excitement surrounding its token’s potential price. Many believe that once the mainnet launches, the price of Pi Coin could rise to $0.8. This prediction has significantly increased Pi Coin’s popularity among users.
