The future development plan of the #PI PI public chain has the following impact on the industry:
Technical upgrade aspects
- Promote innovation in consensus mechanisms: Improve the node incentive mechanism based on the Stellar Consensus Protocol (SCP) to provide new ideas for solving the problem of node participation in traditional consensus mechanisms, or inspire other public chains to optimize their own consensus mechanisms. Advance EVM compatibility upgrades; if successful, this will reduce the migration costs for Ethereum developers and promote technological integration and communication among public chains. - Promote the application of database technology: completed the migration of the Horizon database, demonstrating the advantages of this database in the blockchain field, providing a reference for other public chains in data storage and query optimization, and promoting industry attention to the role of database technology in enhancing blockchain performance.
Ecological construction
- Rich application scenarios: By establishing an ecological fund to support projects such as DeFi and social platforms, attract developers to settle in, increase the number and variety of applications on the public chain, provide users with more diversified services, and promote the integration of blockchain with multiple fields. Identity network integration will transform KYC data into on-chain trusted identities, providing practical experience for the industry in decentralized identity authentication, and offering references for identity management in Web3-related scenarios. - Incentivize developers: Ecological funds and other incentive programs can attract more developers to engage in blockchain development, expand the developer community, enhance the overall development level and innovation capability of the industry, and promote the emergence of more outstanding blockchain applications.
Cross-chain interoperability and compliance
- Strengthen public chain collaboration: The mainnet supports bridging with other public chain assets, such as bridging with Solana and Ethereum, which will break down barriers between public chains, enable asset and data circulation, promote the development of cross-chain technology, and form a larger blockchain network ecosystem. - Expanding Compliance Pathways: Introducing the KYB system to pave the way for traditional enterprises to access payments, exploring a compliant path that combines blockchain technology with traditional commerce, providing a model for the industry in responding to regulation and expanding traditional markets, and promoting the compliant development of the blockchain industry.
Node decentralization aspects
Shutting down the central node, transferring governance rights to the community, and releasing the source code have enhanced the decentralization and transparency of the public chain, setting a benchmark for decentralized governance in the industry and promoting the industry's development towards a more democratic and open direction.
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The future development plan of the #PI PI public chain has the following impact on the industry:
Technical upgrade aspects
- Promote innovation in consensus mechanisms: Improve the node incentive mechanism based on the Stellar Consensus Protocol (SCP) to provide new ideas for solving the problem of node participation in traditional consensus mechanisms, or inspire other public chains to optimize their own consensus mechanisms. Advance EVM compatibility upgrades; if successful, this will reduce the migration costs for Ethereum developers and promote technological integration and communication among public chains.
- Promote the application of database technology: completed the migration of the Horizon database, demonstrating the advantages of this database in the blockchain field, providing a reference for other public chains in data storage and query optimization, and promoting industry attention to the role of database technology in enhancing blockchain performance.
Ecological construction
- Rich application scenarios: By establishing an ecological fund to support projects such as DeFi and social platforms, attract developers to settle in, increase the number and variety of applications on the public chain, provide users with more diversified services, and promote the integration of blockchain with multiple fields. Identity network integration will transform KYC data into on-chain trusted identities, providing practical experience for the industry in decentralized identity authentication, and offering references for identity management in Web3-related scenarios.
- Incentivize developers: Ecological funds and other incentive programs can attract more developers to engage in blockchain development, expand the developer community, enhance the overall development level and innovation capability of the industry, and promote the emergence of more outstanding blockchain applications.
Cross-chain interoperability and compliance
- Strengthen public chain collaboration: The mainnet supports bridging with other public chain assets, such as bridging with Solana and Ethereum, which will break down barriers between public chains, enable asset and data circulation, promote the development of cross-chain technology, and form a larger blockchain network ecosystem.
- Expanding Compliance Pathways: Introducing the KYB system to pave the way for traditional enterprises to access payments, exploring a compliant path that combines blockchain technology with traditional commerce, providing a model for the industry in responding to regulation and expanding traditional markets, and promoting the compliant development of the blockchain industry.
Node decentralization aspects
Shutting down the central node, transferring governance rights to the community, and releasing the source code have enhanced the decentralization and transparency of the public chain, setting a benchmark for decentralized governance in the industry and promoting the industry's development towards a more democratic and open direction.