What is Pi Coin Network?

What is Pi Bridge and when was it started?

Pi Bridge is a third-party protocol for cross-chain communication, which was launched in September 2022 during the closed test phase of the PI Network to enable interoperability between PI Network and external blockchains. With the initial focus on the BNB Smart Chain (Bep20), Pi Bridge facilitates the output of Wrapped-Pi-token (WPI) on Bep20 chains, which means that users can interact with defect applications outside the PI ecosystem.

Wrapped tokens are digital representations of cryptocurrencies of a blockchain that can be used on another. They are typically covered by the original value in a ratio of 1: 1 and are kept in reserve by a storage. This process enables greater interoperability between different blockchain networks.

PI Bridge was developed independently as a third-party service and acts as a decentralized application (DAPP) based on Bep20-without formal connection to the core team of the PI Network. Be careful and run thorough research before interacting with third-party services in terms of wrapped Pi token.

Find out more about cryptocurrencies in our comprehensive crypto guidelines.

What does the future of the PI Network look like?

The future of the PI Network could be influenced by factors such as listing on large stock exchanges, the demand for the PI Coin, network upgrades, compatibility with external blockchains, user verification rates, tokens and developer acceptance.

The core development team outlined a roadmap in three phases:

However, specific schedules for future upgrades remain unclear.