Pi Network is getting closer to opening its doors to the public, and its latest mainnet upgrade to Protocol Version 19 is a big step in that direction. This upgrade has brought major improvements, including faster transactions and seamless interoperability, making the network more powerful and efficient.
But there’s even more that’s happening behind the scenes. Let’s break it down.
The upgrade has introduced Layer 2 solutions, creating express lanes for transactions. As a result, Pi Network can now process 1.19 million transactions per second, greatly improving its speed and scalability.
A blockchain’s ability to handle large volumes of transactions is key to its success. With this improvement, Pi Network is becoming more efficient and competitive.
Another major upgrade is Pi Network’s enhanced bridging capabilities, allowing it to easily transfer assets and data across different blockchains. This means Pi can now interact more smoothly with other networks, expanding its reach and usability.
Strong interoperability is essential for growth, and this feature makes Pi Network more versatile within the broader crypto ecosystem.
Pi Network is still in its testing phase, with only a select group of users currently able to access it. However, this upgrade is a key step toward its much-anticipated Open Network launch, where anyone will be able to:
With these improvements, Pi Network is making sure it’s ready for a smooth and successful public launch.
In the last one year, the Pi Network market has experienced a rise of 3372.5%. In the last 24 hours alone, the market has witnessed a surge of 10.9%. The price of Pi Network stands at $44.64, and the 24-hour trading volume of the network remains at $332,378.
However, in the last 30 days, the market has slipped by at least 8.9%.
Pi Network’s latest upgrade marks a significant step toward mainstream adoption. With improved scalability, enhanced interoperability, and a focus on a seamless Open Network launch, Pi is positioning itself as a serious contender in the crypto space.
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