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Pi Network’s Grand Upgrade Is Completed? This Is What Pioneers Need to Know

TL;DR

  • A preferred account devoted to overlaying Pi Network information posted an image that the protocol’s massive replace has been accomplished, regardless that there’s no official affirmation from the staff.
  • Pi Network’s devs have been fairly lively previously few weeks with new upgrades, however that’s but to profit the underlying asset’s value.

Is V23 Finally Here?

Recall that the Pi Network Core Team announced notable modifications a couple of months in the past, which included the improve of the protocol model from v19 on the time to v23. Although it’s based mostly on Stellar v23, it has been custom-designed for Pi Network, enabling extra management and new functionalities for customers.

Some of these embrace embedding Know-Your-Customer (KYC) authorities into the protocol that purpose to keep the complete Pi Network ecosystem as a KYC-verified blockchain.

At first, there was no specific timeframe given for the improve rollout. However, Pi News continued to monitor the state of affairs and posted a progress evaluation every week in the past, which outlined that the Testnet had been up to date to v22.

Now, the Testnet says that it runs on the most recent model, however the group continues to be anticipating an official affirmation and standing replace from the official Pi Network Core Team.

While they await such a press release, the staff just lately introduced a brand new answer that would velocity up the KYC verification course of. It’s referred to as Fast Track KYC, and it incorporates additional integration of AI options.

“This replace builds on Pi’s enlargement of pockets activation eligibility – the place KYC’d people can now activate wallets even earlier than finishing Mainnet migration – and continues the community’s mission to enhance accessibility whereas sustaining robust safety requirements,” the announcement stated.

PI Price Update

Pi Network’s native token, which as soon as traded shut to $3 on the finish of February, has misplaced almost 88% of its worth and now struggles at simply over $0.35. This is simply 8% increased than the all-time high marked on the finish of August.

However, the Pi group stays bullish. As reported earlier, common analysts predicted a large triple-digit value transfer that would take the PI token to a brand new native peak of $1.23. MOON JEFF, identified for his pro-PI opinions on-line, stated the asset may skyrocket even additional to a brand new all-time high above $3.

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