The Pi Coin (PI) price fell 7% in last week, continuing a one -month slide that saw the drop -down token almost 30%.
Meanwhile, the questions persist on the question of whether the PI network is honest on the number of nodes it executes.
Are the 400,000 nodes of Network PI a real number?
According to Coingecko, Pi Coin is negotiated at $ 0.4573 during the latter, down 0.2% in the last 24 hours.
However, the greatest concern for certain investors may not be the price but confidence. On June 19, the Pi Core team said in an official blog article that more than 400,000 knots were active in the Pi blockchain.
“More than 400,000 knots are active on the Pi blockchain (Testnet1, Testnet2 and Mainnet),” read an extract in the blog.
Node numbers: more media threshing than Hashrate?
However, a more in -depth examination reveals that the number can be misleading. While the team quotes 400,000 knots active in all the testnets and Mainnet, the data shows that only 114 knots are active on the Mainnet PI, where real transactions and governance occur.
The remaining majority belongs to testnets, which are isolated environments used to experiment with the characteristics of the blockchain without mining rewards. PI Testnet nodes are not rewarded with parts. Instead, they fulfill a purely development function.
Even among the outlets, the activity is low. There are 918,000 total knots in Vietnam, but only 8,153 are active, which represents an activity rate of 0.9%.
South Korea has a slightly better report of 24.8%, piscan showing 43,043 active knots out of 173,435. Hong Kong works better, with 70,722 active knots out of 117,971, reflecting 59.9% of activity.
This raises questions about the service of the claim of 400,000 nodes, the risk of transparency echoing the recent collapse of OM.
After the collapse of $ 5.5 billion in the OM token, analysts urge the PI network to avoid similar traps. Dr. Altcoin, crypto analyst and defender of decentralized ethics, linked the OM incident to the PI network and called For more transparency.
The fear is that, like OM, a lack of responsibility can lead to speculative trading points followed by an accident, potentially annihilating millions of tokens held by the user.
Will the real fundamental principles of PI Network catch up with its massive media?
Adding to the concern, despite the title announcements such as “Pi2day” upgrades and the promises of an open hand, Pi Coin had trouble retaining investors’ confidence.
As Beincryptto reported, prices have been delayed on key stages, users increasingly impatient for delays and ambiguity in the project roadmap.
The PI Core team has made significant progress in the growth of community infrastructure, with millions of early mines and interacting with the platform.
However, the continuous dependence on Testnet statistics and vague network updates could harm its credibility.
In an ecosystem where transparency and verifiability are essential, the next steps of Network PI can determine if it joins the ranks of successful decentralized platforms or follows the traces of the dull collapses.
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