How Native PiCoin is Tracked on the Pi Network Blockchain
How Native PiCoin is Tracked on the Pi Network Blockchain
Understanding Native Pi and How It’s Tracked on the Pi Network Blockchain
Every Pi mined through the Pi App is marked with a unique identifier - specifically, the Public Key of the Pi Wallet from which it originated.
This serves as proof that the Pi came from a legitimate, on-chain source and classifies it as Native Pi.
When a Pioneer transfers their mined Pi from their personal Pi Wallet to another wallet, the receiver's transaction record will include the sender’s Pi Wallet Public Key, confirming the source as Native Pi.
However, if the Pi is transferred from an external platform like OKX (not a Pi Wallet), the blockchain will reflect the origin as a "Sub Account", not a Pi Wallet address. This distinction clearly marks that the Pi was not sent directly from the Pi Network and is therefore not classified as Native Pi.
What If You Deposited Native Pi into OKX and Want to Withdraw It?
If you previously sent Native Pi from your Pi Wallet to an OKX deposit address, that transaction was recorded on the Pi Blockchain.
It includes your Pi Wallet Public Key as the sender and OKX’s sub-account address as the receiver.
When you withdraw Pi from OKX, the system can trace that withdrawal back to your original deposit using the blockchain’s transparent, immutable transaction history.
Each transaction is tied to a unique transaction hash (ID), which links it to previous activity on the blockchain.
Example Record on the Pi Blockchain:
Public Key A (Pi Wallet) → Sent 100 Pi → Public Key B (OKX sub-account address)
Transaction ID: 4cc6465e4b94d3bfd198b3db6dfc4006a0b3a377ebe891990fb85ad54d63b1da
Because of this, even if Pi is temporarily stored in OKX, its native origin can be verified by tracing the transaction history on the Pi Network blockchain.
Summary: What Makes Pi "Native"?
Native Pi comes directly from a Pi Wallet and includes the sender's Public Key on-chain.
Transactions from external exchanges like OKX are flagged as "Sub Account" and not initially considered Native.
Important to Note:
> However, if the Pi was originally deposited from a Pi Wallet, its native status can still be verified via the transaction trail.
> Unless the Pi is a Native Pi in your Wallet, non-native can't be locked to increase the mining rate. That's why some Pioneers complained that their Pi could not be locked
The Power of Decentralization and Trustless
In a nutshell, "Native Pi" is fundamentally identified by its traceable origin through the Pi Wallet Public Key on the blockchain.
Every transaction carries a unique Transaction Number, forming an irreversible ledger. This robust traceability allows for advanced analytics and verification, ensuring that the history of each NATIVE PiCoin can be audited.
This is the essence of decentralized and "trustless" transactions.
The blockchain provides an immutable, transparent, and perfect record that cannot be altered or defrauded.
This inherent transparency protects the integrity of "Native Pi" and ensures that its journey, from mining to circulation, is fully verifiable by anyone on the network.
By One World Digital Currency@gfc199