Pi Network Preps for Major Reveal After Central Node Shutdown

Pi Network has formally shutdown its central node marking a move towards complete decentralization. The announcement comes just ahead of a much-awaited ecosystem announcement at Consensus 2025 in Toronto. This event is scheduled to start today and could signify a turning point for Pi.

The Pi-Network team also announced that it is set to release the source code following the central node shutdown. This marks a shift towards transparency and distributed control for the ecosystem.

Furthermore, the update is in alignment with Pi Network’s effort to move towards a decentralized model using its IPoS (Improved Proof of Stake) mechanism. This step may solve long-term issues regarding the project’s centralization and management.

Pi Network Shuts Central Node Before Consensus 2025 Reveal

The central node has been in the center of Pi Network’s operations since its inception. But, as announced by Pi Network VietNames on X on May 14, the Pi Network team finalized the central node shutdown. The move is considered a technical milestone towards building a decentralized Layer-1 blockchain. 

Pi core team has closed the central node, ready to release the source code. Pi Network will definitely shake up the Consensus 2025 event.#PiNetwork #Consensus2025 pic.twitter.com/xJvmp7X8jo

— Pi Network VietNames (@PiNetworkVNes) May 14, 2025

Pi Network’s project supporters have applauded the decision. These enthusiasts claim that there will be more trust and accountability. Notably, Tanner, a key web3 researcher, believes that the move will improve the project’s credibility. 

“Transparency Unleashed. Anyone can audit the code. No more FUD about “centralized scams” or “hidden logic.” If there’s a bug or a backdoor? You’ll know. If the consensus model is secure? You’ll see it. This is credibility on the blockchain,” Tanner wrote. 

The publishing of the source code is anticipated to sustain the review of the underlying infrastructure of the project by the public. Community developers and researchers will be able to examine the consensus model and give their input or suggest improvements.

The existing model – IPoS – is Pi Network’s own Proof-of-Stake model. This model promises fairness, energy-efficiency, and scalability for its mobile-first blockchain. The critics have, however, raked concerns over the hidden nature of Pi network’s SuperNode system and coin distribution.

Pi Network’s Strategic Move Coincide With Consensus 2025 Events

The announcement by Pi Network coincides with the start of the Consensus 2025 event in Toronto. The event is one of the biggest annual blockchain conferences and is attended by prominent players from the industry.

Recently, the Pi Network team alluded to a huge ecosystem development, fueling speculation. However, a recent post by the Pi community (Pi UpdatesDaily) has confirmed three scheduled updates over the Consensus event. 

🚀Tomorrow is going to be special🗽

🔸May 14 🔹 Announcement from Pi Ecosystem
🔸May 15 🔹 Hint of something GREAT/GOOD
🔸May 16 🔹Dr Nicolas himself will speak 🔥

We need 1000 Retweet for this

Like & RT! Join my Telegram: https://t.co/94cRXbJHso…
✅AIRDROPS ALPHA LIST:… pic.twitter.com/eD321QE4pd

— Pi UpdatesDaily | PiNetwork News (@Pi_UpdatesDaily) May 13, 2025

The first update is the ecosystem announcement happening today. Then followed by a “GREAT/GOOD” update coming on May 15. Finally, on May 16, Dr. Nicolas, co-founder of Pi, will give a keynote.

The timing of these updates seem to be strategic. Particularly, they appear to be orchestrated to reimburse Pi Network’s negative public image amidst negative criticism. Despite having millions of users, the closed mainnet and coin transfer options are still frustrating the community.

Some users are still struggling with accessibility issues. For example, the “lightning” feature is inaccessible from certain areas unless opened over a VPN connection. This has elicited concerns about the real decentralization and accessibility of the network. Even so, Pi Network is still renowned by mobile miners. Its app has more than 100 million downloads, and Pi Browser has surged past 10 million. 

Pi Coin’s Price Activity and Future Expectations

As at press time, the price of Pi coin stands at $1.16 marking a 3.04% surge on the day. The surge can be attributed to increased optimism following the transition of the project towards openness and decentralization. 

Analysts expect further developments to emerge during Consensus 2025. This can be in the form of further technical disclosures and plans for open mainnet operations and could fuel the price of Pi coin even higher. 

However, despite excitement amongst users, PI has yet to list on the big exchanges like Binance. The next moves by Pi network will decide whether the network will grow from a mobile mining platform into an actual decentralized blockchain protocol with real world applications.