The PI Network Core Team has officially shut down central nodes and is showing a high-profile move towards decentralization.
This comes after the network has pledged to announce a major ecosystem in line with the Consensus 2025 event in Toronto, which begins today.
PI network closes central node before source code
The PI Network core team reportedly shut down the central nodes and took an important step towards decentralization in effect. The network has also announced plans to release the source code.
“The PI core team has closed its central node, ready to release the source code. The PI network will undoubtedly shake up the consensus 2025 event,” PI Network Vietnames shares on X (Twitter).
In this post I've shown a network diagram that highlights the shutdown of the central node and appears to confirm its removal.
The PI network shuts down the central node. Source: x's PI Network VietNames
This move coincides with the PI network's long-standing mission and moves from a centrally controlled project. It pushes towards a fully decentralized blockchain protected by its own IPO (improvement of proof of interest) consensus mechanism.
“There's no more FUD about centralized fraud or hidden logic. If there's a bug or a backdoor, you'll know. If the consensus model is safe, you'll see it. This is blockchain reliability.”
Planned releases of PI network source code can increase transparency and community trust. This is amidst years of concern about the actual decentralization of the project.
There are many questions about whether true decentralization can be achieved due to the PI network's referral-based mining model and opaque governance structure. Critics point to the network's supernode architecture as a centralized risk.
As reported by Beincrypto, the PI core team still plays a dominant role in the selection of supernodes. It also holds an estimated 82.8 billion PI coins and is raising a red flag on electricity concentrations.
Strategic timing begins as Consensus 2025
The timing of these developments is no coincidence. In a May 8 post, the PI Network hinted at a major announcement that is likely to be officially revealed during the 2025 consensus. The network surprised the predictions, reflecting a big positive release in Wednesday's post.
“I think the time has come. 2025/5/14 — Pi is likely to be a boom,” Pi UpdatesDaily teased in a post.
In the consensus 2025 euphoria attended by representatives of the PI network, community members are anticipating three events. Beyond Wednesday's mysterious major ecosystem announcement, there's also a speech by Dr. Nicholas of the PI Network in Toronto, on Thursday, May 15th: “Something great/good.”
“May 14: Announcement from PI Ecosystem, May 15: Tips for Great/Good, May 16: Dr. Nicholas himself will speak,” Pi UpdatesDaily said.
Certainly, considering its weight as one of the biggest stages of blockchain, Consensus 2025 may provide the PI network with an opportunity to redefine public perception. Concerns remain in the transfer of fraud claims, its closed mainnets, and inaccessible coins.
Despite the decentralization claims, users in some regions remain limited by network restrictions. You need a VPN to access features such as Lightning. This highlights the prolonged issues of accessibility and raises questions about how truly open the PI ecosystem is.
Meanwhile, other positive developments highlight the updates of the PI network mining apps and PI browsers on the Play Store.
“Both the PI Network Mining App and the PI Browser app have new updates in today's Play Store just before the Mega Announcement drops,” highlighted by a leader in the PI community.
Pi Network boasts over 100 million downloads for mining apps and 10 million for Pi browsers. Despite the update, members of the PI Networking community continue to admire the Binance List, a rather elusive milestone.
PI could eventually migrate from speculative mobile mining apps to legitimate Layer-1 protocols by displaying true advances in decentralisation and open development.
Performance of PI Network (PI) prices. Source: Beincrypto
Among these developments, PI coins in PI networks have increased by nearly 5% over the past 24 hours. It was trading at $1.18 at the time of writing.
