Soroban Audit: A Key to Security in the Journey to Mainnet and Its Role in the Pi Network Ecosystem - PIHOKANEWS

 

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Soroban Audit: A Key to Security in the Journey to Mainnet and Its Role in the Pi Network Ecosystem - PIHOKANEWS


pi.hokanws.com - In an increasingly interconnected world driven by blockchain technology, understanding the concept of "Soroban Audit" is essential. But what does Soroban Audit really mean, and how does it play a critical role in the Pi Network ecosystem? Let's delve deeper into this complex landscape.


Soroban Audit: Evaluating Security on the Path to Mainnet


Soroban Audit is a security evaluation process conducted to ensure that a blockchain project is ready to launch its mainnet. This process is of paramount importance because security is a cornerstone of blockchain technology. The Soroban Audit aims to verify that all security aspects have been thoroughly examined and tested before the next step is taken.


The Role of Soroban in the Pi Network Ecosystem


Soroban holds a pivotal role within the Pi Network ecosystem. It provides support to various projects and enables the development of smart contracts running on the Stellar network, which is known for its speed and efficiency in conducting transactions. Soroban's support empowers projects to harness the capabilities of the Stellar network.


Of course, the question arises, "What does this have to do with Pi Network?" Pi Network is also poised to interact with the smart contract network supported by Soroban. This interaction will enable Pi Network to expand its interactions across various blockchain networks and access Metadata. As such, Pi Network becomes an integral part of the broader blockchain ecosystem.


Two Scenarios


Two scenarios must be considered in the context of Pi Network and Soroban


Scenario One: Pi Network can choose to publish Smart Contracts and interact with other Smart Contracts on Soroban, heading toward the Open Mainnet.


Scenario Two: Pi Network decides not to publish Smart Contracts publicly. In this case, a Limited Mainnet takes place, with certain restrictions still in place.


Currently, during the Limited Mainnet period, some security restrictions remain in effect. This includes limitations on external exchanges connecting to Pi Network. Only Pi Network can decide to gradually remove these restrictions and fully open the Mainnet when the entire ecosystem has matured.


A Challenging Decision


The question that arises is, "Which scenario would you choose?" This is a pivotal decision that demands careful consideration. Scenario one, with the Open Mainnet, offers broader access to various blockchains and services. Scenario two, with the Limited Mainnet, provides greater control but with some limitations in external access.


This decision will have far-reaching implications for the direction that Pi Network takes within the ever-evolving blockchain ecosystem. However, what is certain is that the concept of "Soroban Audit" and Soroban's role in the Pi Network ecosystem will be vital elements in their journey.


Understanding the concept of Soroban Audit and its connection to Pi Network is key to grasping the latest developments in the blockchain world. Security and flexibility are critical factors in deciding which scenario Pi Network will pursue. This decision will shape the future of the Pi Network ecosystem, and it marks a challenging yet promising moment in the blockchain technology journey.


This article has discussed the concept of Soroban Audit and the role of Soroban in the Pi Network ecosystem. The decision regarding the scenario to be adopted by Pi Network will have a profound impact on the project's future development.


Source:  @Pi_Exc