In 2023, PI Network has emerged in the global cryptocurrency field, not only making major breakthroughs in technology, but also achieving remarkable results in external policy supervision, application scenario expansion, and community building. Below, we will review the performance of Pi Network over the past year with specific data.
OneTechnological Progress: Quantify Results, Witness Leaps
Number of network upgrades: Successfully implemented 5 major network upgrades, including the optimization of the consensus algorithm and the improvement of the node communication mechanism.
Transaction speed increased: Optimized to reduce the transaction confirmation time of the Pi Network by 30% and increase the transaction speed by about 25%.
Enhanced privacy protection: Advanced zero-knowledge proof technology has been introduced to ensure that the privacy of user transactions has been increased by 80%.
Cross-chain technology integration: Successfully integrated cross-chain technology with 3 mainstream blockchain networks, expanding the interoperability of Pi Network.
IIExternal policy supervision: Comply with the law and develop steadily
Number of compliant countries and regions:p i Network has achieved compliant operations in 25 countries and regions, an increase of 10 from the previous year.
Regulator cooperation: Established partnerships with 5 of the world's leading regulators to jointly promote the healthy development of the cryptocurrency industry.
Speed of policy response: In response to regulatory changes worldwide, the average response time of the PI Network has been reduced to 48 hours.
3. Application scenario expansion: Diversified applications enrich the ecosystem
Number of cooperative enterprises: It has established cooperative relations with more than 150 enterprises to apply Pi Coin to various scenarios.
Expansion of application areas:p i Coin has been involved in 10 fields such as shopping, digital entertainment, and financial services.
defiand NFT applications: Successfully launched 5 DeFi and NFT application projects based on Pi Network, attracting the attention and participation of a large number of users.
4. Community Development Activities: Data Witnesses Prosperity and Vitality
Community membership grows:p I Network's community membership grew from 40 million at the beginning of the year to 50 million at the end of the year, an increase of 25%.
Event Engagement: The online and offline activities held attracted more than 50% of the community members.
Educational resources launched: Published more than 50 educational resources, including tutorials, ** and research reports, to help users better understand and use the PI Network.
Effect of incentive mechanism:p i Fest attracts community users in more than 100 countries around the world to conduct offline barter activities.
In conclusion, 2023 is a year in which PI Network has achieved remarkable results in four aspects: technology, regulation, application, and community. These specific data not only witness the growth and progress of PI Network, but also lay a solid foundation for future development. Looking ahead, we look forward to Pi Network continuing this momentum and bringing more surprises and value to users around the world." List of high-quality authors