The start of connecting Pi Network to all crypto is on.
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A team of developers in New Zealand has recently introduced a brand-new concept to the Pi community. This concept, though, is a common one in the cryptocurrency market: Blockchain bridge. Their project named PiBridge aims at building a connection gate between Pi network and others – starting with one of the most popular: Binance Smart Chain.
(Photo from globenewswire.com) According to the development team, Pibridge is a trustless gateway that unleashes the barrier between the Pi network and other blockchains, making Pi accessible and approachable to the public and offering a new permissionless and transparent financial tool to the Pi users. Pi Bridge allows data to flow and Pi holders to freely travel between the networks. This is also a pre-opened way for Pi holders to take advantage of the asset’s value.
The most significant benefit of the project is enhanced interoperability and scalability. Users benefit from blockchain bridges through the ability to enjoy more features of different platforms such as farming and staking, exchanging with other cryptocurrencies, lending, fundraising, e-commerce, etc., avoiding scammers and faster transactions. Some other successful examples of blockchain bridges that brought great benefits are Celer cBridge, Cross-Chain Bridge, Umbria Narni Bridge, etc.
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PiBridge is rumored to be introduced to the public this September and has gained quite a lot of attention just within a few days after the leak of the news. The development team includes experts in the fields of blockchain and Fintech. However, they have not yet publicized their identities to protect personal information.
So far, PiBridge is the pioneer in expanding the value of Pi to a wider world. This appears to be the most expected project in the Pi community in the last months of 2022 and will be a meaningful project to support Pi users and address some current limitations of Pi network.
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