Pi Network News: Pi Crypto Introduces Cross-Chain Bridge

Pi Network News – PiBridge

Pi Network news has been keeping investors’ attentions these years. A New Zealand development team recently introduced a brand new concept to the Pi Network community, a blockchain bridge.

 

The project is called PiBridge and aims to develope a linking gateway between Pi and other networks, beginning with Binance Smart Chain, one of the most popular ones. According to a press release, the bridge will be launched sometime in September.

 

The trustless gateway PiBridge eliminates the barrier between the Pi network blockchain and others, rendering Pi approachable and accessible to the public by offering Pi users a new transparent and permissionless financial tool.

 

The Pi Bridge will enable Pi holders to move between networks freely and allow data to flow.

 

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Blockchain bridges benefits

Among the pluses of blockchain bridges is the ability to access farming and staking, ecommerce, fundraising, lending, crypto exchange, and other platform features.

 

The app simulates a mining process according to the Pi core team (PCT) during the project’s beta stage. Once the Pi Mainnet is launched, users will be able to take part in block validation and will be rewarded in Pi coins.

 

With that launch, users will be able to spend Pi coins. A number of marketplaces will soon begin to accept payments in Pi coins.

 

What is Pi Network?

Pi Network is a novel mobile blockchain mining crypto project that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build blockchain decentralized applications (DApps) for millions of users.

 

Since its mainnet migration began on August 3, 2022, Pi Network has been focused on technical improvements, KYC solution, Pi platform and ecosystem building, among others.

 

Pi Network has evolved over the years with massive community interests. It has witnessed considerable progress in 2022 and is now in its final stages of transition to the public mainnet, but there is no definite timeline yet.

 

Disclaimer: Pi coin carries a high level of risk and it is not recommended to trade this coin.

 

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BTCC will keep you updated with the Pi ecosystem hype, especially the Pi Network launch date. Read the following articles for more information about the Pi Network:

 

• Will Pi Network Ever Launch? What Stage is Pi Network Now?
• Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake?
• Pi Network Launch Date: When Will Pi Coin Enter The Market?
• Pi Coin Price Prediction:Will Pi Ever Be Worth Money?
• Pi Network Price Prediction Hinges on Its Open Mainnet Launch
• Pi Network 2022 Year-EndUpdate
• Pi Network Review: Is Pi a Scam?
• Pi Coin Value: What is the Value of Pi?
• Pi Wallet: Does Pi Network Have a Wallet App?
• Pi Network News: Will Pi Coin List on Binance?
• Will Mined Pi Tokens Be Part Its Circulating Supply?
• How to Create a Pi Network Invitation Code
• How to Download Pi App and Start Mining with Pi Network

 

FAQs

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1.Is Pi coin real or fake?

Currently, no one knows the answer to the question whether Pi coins are real and legal. There is no cost to install the application. However, there may be issues regarding data privacy and lack of transparency.

 

2.Is Pi Network worth anything?

As Pi Network is still in its enclosed mainnet period and has not yet launched the open mainnet, the platform insists that its token is currently not tradeable during the period. We believe that Pi coin will have its own real value only when Pi Network launches the much-anticipated open mainnet to the public finally. So will Pi ever be worth money? We have to wait and see.

 

3.How much is 1 Pi in dollars?

Though several exchanges such as Huobi has listed Pi coin and shows live Pi network value, the Pi Core team asserted that all these listings were conducted independently of the team and were not approved. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.

 

4.What stage is Pi Network now? Will Pi Network ever launch?

Pi Network has evolved over the years and is currently in its final stages of opening the mainnet to the public. The transition is on schedule, but there is no definite timeline yet.

 

5.Does it have a Pi wallet app?

Yes, but Pi wallet currently only connect to the Testnet, with only Test-Pi for testing. It will have the real Pi coins inside when Pi Network mainnet goes live, when it will enable actual Pi transfers.

 

6.Is Pi mining legal?

Yes, it is legal as it does not involve any cash investments to mine it. All you need is about 20 seconds of your time (typically less than 20 seconds) to click on the lightning button to start mining once every 24 hours. If you already have the app, you can wait to see if the founders build something of significant value.

 

7.What about the Pi coin price prediction?

At press time, Pi Network has not been officially launched, so the price action for Pi coin remains unknown. Pi Network price prediction may depend on when the cryptocurrency goes live for trading and how it performs after launch.

 

Some people believe that it is a fully-programmed space ready to explode once the network eventually goes live, which is not expected to take long to come. Moreover, the Pi coin value may rise sharply if it is listed on top crypto exchanges such as Binance and Coinbase.

 

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