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The development prospects of the Pi Network have certain uncertainties, presenting both opportunities and challenges.
opportunity
Large User Base: The Pi Network has surpassed 60 million users, spread across over 180 countries and regions. Such a vast user group provides a solid foundation for its development. If these users can be converted into ecosystem participants after the mainnet goes live, such as for payments, DApps, etc., it could create a network effect that drives project growth.
Unique technology and ease of use: The Stellar Consensus Protocol (SCP) is adopted, which has low energy consumption, making it suitable for mobile mining. This lowers the participation threshold for users, allowing ordinary users to more easily engage in the cryptocurrency field.
Progress in Ecological Construction: By 2025, significant breakthroughs in ecological construction will be achieved, with the number of DApps exceeding 100, covering fields such as e-commerce, social networking, and inter-chain interaction, initially forming a matrix of Web3 applications. The OpenHub platform will go live, promoting interoperability with public chains like Ethereum and expanding multi-chain application scenarios.
Increased Market Recognition: CoinMarketCap has certified it, placing it among the global Top 50 cryptocurrencies, which adds credibility to the market, attracting more investors' attention and capital inflow, and encouraging more merchants and institutions to be willing to cooperate with it.