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Long-Anticipated Pi Network Update Is Finally Here: What Pioneers Need to Know

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Pi Network’s Core Team took it to X on the finish of the enterprise week to announce the newest blockchain replace that was efficiently migrated. The protocol v19.6 has been applied, leaving model 19.9, which is subsequent in line, the one one left earlier than the highly-anticipated v20.

The announcement additionally urged nodes to guarantee they’d upgraded to adjust to the brand new model.

Nodes, The Update Is Here

Recall that the staff first outlined the upcoming sequence of upgrades final week, stating that the Pi nodes have till February 15 to full their migration to stay linked to the community as soon as it’s applied.

In the explanatory submit devoted to nodes, the staff described them because the “fourth function inside the Pi ecosystem,” which wants to function on laptops and desktop computer systems quite than cellular gadgets. Similar to nodes in different blockchains, they’ve to validate transactions and preserve the distributed ledger by reaching consensus on the order of transactions.

However, there’s a distinction between Pi Network’s nodes and people working on proof-of-work techniques, reminiscent of Bitcoin. Since Pi employs a consensus mechanism derived from the Stellar Consensus Protocol (SCP), nodes from trusted teams, referred to as quorum slices, validate transactions solely when trusted friends agree.

It’s value noting that safety circles created by cellular miners type a world belief graph that helps decide which nodes can take part in validation.

Build for Accessibility

The Core Team additionally emphasised one other distinction between nodes on completely different blockchains and people working inside the Pi ecosystem. They defined that Pi Network’s whole idea is to work below a user-centric design the place even much less technically savvy Pioneers can set up the Pi Node desktop utility and allow or disable node participation with a easy interface.

The staff famous that this technique aligns with Pi’s technique of “progressive decentralization,” which permits the community to evolve towards full decentralization whereas remaining accessible to on a regular basis customers.

The submit Long-Anticipated Pi Network Update Is Finally Here: What Pioneers Need to Know appeared first on CryptoPotato.

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