Pi Network’s Transaction Speed Claims Stir Debate Ahead of Open Launch
The post Pi Network’s Transaction Speed Claims Stir Debate Ahead of Open Launch appeared on BitcoinEthereumNews.com.
Pi Network pioneers claim its block time is roughly 120 times faster than Bitcoin’s, taking about 5 seconds per block compared to Bitcoin’s 10 minutes. Proponents like Dr Picoin and Jatin Gupta highlight increased transaction capacity and surging download numbers, with up to 540,000 daily downloads reported. Despite the hype and rising search interest, critics note that while Pi Network outpaces Bitcoin, it falls behind networks such as Solana, Avalanche, Algorand, and EOS in speed. Pi Network remains a hot topic as its project pioneers emphasize its rapid transaction speed, a claim that comes ahead of the network’s Open launch on February 20. According to Dr Picoin on X, Pi Network achieves a block time of around 5 seconds—about 120 times faster than Bitcoin’s typical 10-minute block time. He explained that this swift pace, combined with the network’s transition to the Open Network, could significantly boost the number of transactions per block. Speed: Pi Network vs. Bitcoin Currently, Pi Network takes around 5 seconds per block (as shown by the timestamps in the image), while Bitcoin takes approximately 10 minutes per block. Based on block time, Pi Network is roughly 120 times faster than Bitcoin. The number of… pic.twitter.com/NgEX08pbZT — Dr Picoin (@Dr_Picoin) February 18, 2025 Pi Network proponents tout its speed Another proponent, Jatin Gupta, echoed these claims and pointed to the network’s growing popularity, noting up to 540,000 downloads per day. Gupta also highlighted Pi Network’s rise to the fourth rank in the social category on the Google Play Store, comparing its standing to major platforms like Facebook and Instagram. 🚀 Pi Network is Exploding! 🚀 🔥 Euphoria around $PI is just getting started! 🔥 📲 540,000 downloads in a single day! 🏆 Ranked #4 in the Social category on Play Store—just behind Facebook & Instagram! 😱 ⚡…
Filed under: News - @ February 18, 2025 11:24 pm