Aimed at accelerating real-world decentralized applications
Pi Core Team has indicated that it has started with a new Web3 developer platform that would deliver the next generation of decentralized applications. The project aims at establishing an open and identity verified ecosystem upon which developers can develop real-world blockchain products with greater trust and security.
Contrary to the conventional permissionless systems, the system of Pi focuses on verified identities. This method aims at limiting fraud and enhancing compliance and making the environments of the users and developers to be safer. Pi places this model in the middle between open decentralization and realistic standards of regulation.
The platform comprises a set of tools that relate to the secure application development. The tools assist the developers to handle smart contracts, permissions of users and integrity of transactions. The idea is to reduce technical risks and enable DApp deployment to be more trustworthy to use in large-scale.
Pi is also launching in-built analytics and scalable cloud computing. The developers have access to user activity and transaction flows, as well as performance metrics in the platform. Pi Network has more than 50 million users and is still in the process of switching to full mainnet utility. This stage should also be supported by the developer platform that will stimulate ecosystem growth. Thereby, widen real-life applications in industries. This release indicates the larger vision of Pi Network to be a trust-first Web3 layer. With identity verification and scalable tools, Pi will stand out in a sea of blockchain providers and bring the idea of decentralized technology to the mainstream.
