KYC and mainnet

The difference between Pi Testnet and Mainnet and the transition to Mainnet, the KYC process

Pi Network is an innovative cryptocurrency exchange that aims to make cryptocurrency mining accessible to the general public. To achieve this goal, Pi Network uses two main phases: Testnet and Mainnet. This article will explain in detail the differences between these two phases, describe the KYC (Know Your Customer) process and the transition to Mainnet.

Pi Testnet

Testnet is a test version of the Pi Network blockchain that is used to validate functionality and identify potential issues before the main network (Mainnet) is launched. Testnet allows developers and the Pi Network community to test different applications and transactions without risk of losing real value.

Main Testnet features:

  1. Testing and validation: Testnet allows developers to test new features, protocols and updates without affecting the mainnet.
  2. Simulation: Users can simulate transactions and operations, which helps identify and correct errors.
  3. Security: Testnet provides an environment for testing security measures and identifying potential vulnerabilities.

Pi Mainnet

Mainnet is the final version of the Pi Network blockchain, where transactions take place with real value. The transition to Mainnet, which took place on February 20, 2025, means that Pi Coin is fully operational and tradable in the cryptocurrency market.

Mainnet’s main features:

  1. Real transactions: all transactions on Mainnet are real and have real value.
  2. Trading: Pi Coin is publicly traded on several cryptocurrency exchanges.
  3. Decentralization: Mainnet provides full decentralization, where the network is managed by a community of miners and users.

KYC (Know Your Customer) process

KYC is the process of verifying the identity of users, which is necessary to ensure security and legality on the Pi Network. The KYC process helps prevent fraud, money laundering and other illegal activities.

Steps in the KYC process:

  1. Registration: Users must register and create an account on the Pi Network app.
  2. Provision of Documents: Users must provide personal documents such as an ID or passport to verify their identity.
  3. Verification: The documents provided are verified using automated systems and manual checks.
  4. Confirmation: After successful verification, the user is allowed to switch to Mainnet and mine Pi Coin with real value.

Switching to Mainnet

The move to Mainnet is a key step for the Pi Network to enable full functionality and marketability of the Pi Coin. This process involves several steps:

  1. Completion of KYC: Users must go through the KYC process in order to migrate to Mainnet.
  2. Account Migration: after successful KYC verification, users’ accounts will be migrated from Testnet to Mainnet.
  3. Pi Coin distribution: the Pi Coin mined during the Testnet phase will be transferred to the user accounts on Mainnet.
  4. Trading: Users will be able to trade and use their Pi Coin on cryptocurrency exchanges and within the Pi Network ecosystem.

Conclusion

The Pi Network offers a unique opportunity for the general public to get involved in the world of cryptocurrencies. The difference between Testnet and Mainnet is crucial to understanding the evolution of this cryptocurrency. While Testnet is for testing and verification, Mainnet is a fully functional network with real-world value. The KYC process ensures security and legality, and switching to Mainnet will allow users to take full advantage of Pi Coin. Don’t miss this opportunity and join the Pi Network today!