Fast Facts
- Pi Network has successfully migrated to protocol v20.2, enabling smart contract capabilities to support utility-driven applications like e-commerce and streaming.
- The first smart contract is live on Testnet, encouraging community developers to test subscriptions and deploy their own apps.
- Despite technical progress, Pi’s native token remains stagnant at around $0.17, far below its $3 all-time high, with only major exchanges potentially sparking significant rebounds.
- The community remains divided, with some emphasizing the benefits of developer involvement and others criticizing ongoing issues like KYC verification and mainnet migration delays.
Pi Network Makes Major Announcement, Community Reacts with Mixed Feelings
Pi Network has just shared exciting news. The team announced new features that could shape the future of the platform. These updates are part of their plan to improve the ecosystem and bring real utility to users.
Recently, Pi Network upgraded to protocol v20.2. This change set the stage for smart contract functions. Just before Pi Day on March 14, the upgrade was completed successfully. Now, users can expect more advanced capabilities.
Earlier this month, the team launched the first smart contract on the Testnet. This allows developers and users to test new applications like e-commerce, streaming, and online tools. The goal is to make Pi more useful and versatile. In fact, the developers encouraged the community to try integrating subscriptions into their apps.
Additionally, the team released Pi Request for Comment 2 (PiRC2). This invites the community to review and test the subscription smart contract. Pioneers are encouraged to look for bugs and provide feedback. Many community members see this as a positive step. For example, X user Chen2Weels said, “Users can finally test and deploy on their own apps.”
However, not everyone is excited. Some members point out ongoing issues, like KYC verification delays. Many users have waited years for migration to the mainnet without success. This has led to frustrations and skepticism about the project’s current progress.
Meanwhile, Pi’s price remains stable at around $0.17. Despite recent updates, the cryptocurrency has fallen nearly 95% from its peak of $3 in early 2025. The lack of a major catalyst has kept the price steady, with only occasional spikes when platforms like Kraken list Pi.
Overall, Pi Network’s latest updates mark a step forward in technology development. Yet, community reactions reflect hopes and doubts about the project’s future. As the platform continues to evolve, many are watching closely to see if these changes will lead to real growth.
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Disclaimer
This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
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