The Pi Network core team has outlined its stance on user growth, stating that verified identities play a central role in its ecosystem.
summary
- Pi Network has reported over 18 million users verified through its identity-based KYC system.
- The team claims that verified users provide stronger trust compared to unverified wallet numbers on other networks.
- Community response shows growing support for identity verification as a core feature of blockchain ecosystems.
Meanwhile, the team I mentioned The network now includes more than 18 million verified users. The project confirmed that this number differs from the number of standard wallets that appear on other blockchain networks. It stated that “one million verified users on Pi is not equal to one million on other networks” when comparing growth metrics.
The team explained that many blockchain platforms measure adoption through wallet creation, which may include inactive or unverified accounts.
Pi Network has built its system around identity verification through Know Your Customer (KYC) processes. The core team said this approach helps reduce spam and ensures users are real individuals.
“Verified identities are essential for meaningful transactions” in digital economies, the project stated. According to the team, this supports trust between participants when transferring assets.
The network aims to create a system where every transaction can be linked to a verified participant. This model is designed to support real-world use cases and economic activity.
The community response shows increasing support
Recent statements from the core team have received mixed reactions in the past. However, this update saw more supportive responses from community members.
Some users note that reaching millions of verified users before the full deployment of the smart contract is an important step. One response stated that “this level of verified distribution stands out compared to other networks” in the general discussion.
Other comments pointed to the scale of the KYC process and its role in building an organized user base. The discussion reflected increased participation from the community.
Moreover, eBay network It continues to work with the continuous development of its ecosystem. The project has not yet been able to fully enable certain features, including broader smart contract functionality.
At press time, the token was trading near $0.17 with a market cap of around $1.7 billion. Trading volume remains active, with moderate price action over the past week.
