Pi Network Rolls Out New Upgrade as Token Drops Another 10%
The Pi Network has rolled out Pi Node model 0.5.4. The replace introduces efficiency enhancements, refined reward calculations, and an improved person expertise.
Despite these technical advances, the ecosystem is dealing with challenges. Mainnet exercise stays low, and developer confidence is declining. Furthermore, Pi Coin’s worth can also be underneath stress, having dropped practically 10% over the previous week.
Pi Network Introduces New Technical Enhancements
The Pi Core Team introduced the discharge of Pi Node model 0.5.4 on November 6. The utility was additionally renamed “Pi Desktop” to mirror broader performance. Users can now entry the Node, mining app, and Pi App Studio by means of a unified interface.
The replace introduces a number of key enhancements, together with fixes for community-reported points associated to Node mining rewards, computerized updates, and block container creation. It additionally introduces a brand new open port verification system to make sure correct Node bonus calculations.
Furthermore, Pi Desktop now permits accepted exterior hyperlinks, letting customers entry blogs and assets immediately from the mining app and Pi App Studio. These enhancements collectively increase efficiency and the general person expertise for Pi Node operators.
“As introduced within the current replace, Pi App Studio is now immediately accessible from the highest navigation bar in Pi Desktop, positioned alongside the Pi mining app and Node. An App Studio show problem the place deployed apps weren’t displaying previews appropriately has been resolved,” the group wrote.
This launch builds on the OpenMind pilot project that demonstrated Pi Network’s capability for decentralized AI coaching. OpenThoughts reported that greater than 350,000 lively nodes participated within the proof-of-concept, finishing picture recognition workloads.
Moreover, this partnership marked Pi Network Ventures’ first funding, signaling a shift towards real-world blockchain makes use of.
Pi Network Faces Pressure
However, this progress contrasts with the community’s present on-chain actuality. Despite OpenThoughts’s large-scale participation, PiScan information exhibits solely 296 lively mainnet nodes and three validators at current.
Furthermore, builders have additionally expressed discontent with the community. This came after WorkforcePool, the primary Pi Network Hackathon winner and a decentralized freelance market, introduced that it’s up on the market. This drew criticism, with builders citing high operational prices, lack of group assist, and sluggish progress.
The Pi Network launched its Open Network in February. This transfer was supposed to enhance accessibility and assist dApp improvement. However, the speed of app development and mainnet migration has disillusioned stakeholders, contributing to frustration amongst neighborhood members.
Lastly, the worth performance has not helped Pi Network’s case. After the preliminary hype light, Pi Coin has continued to point out weak spot. While PI rose briefly in late October, it slipped once more shortly after.
BeInCrypto Markets information confirmed that Pi Coin has declined by roughly 10% over the previous week amid broader market pressure. At the time of writing, it traded at $0.22, down 0.168% over the previous day.
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