Pi Network has taken a significant step in the preparation process of opening the public and updated its main network (Mainnet) Protocol Version 19. This update aims to provide a faster and more efficient network experience by significantly increasing the compatibility of the network with the process speed and different blockchain platforms.
What does the new update mean?
The new update has made Pi Network’s integration with Layer 2 solutions. In this way, the network created “Fast Transition Ways ğı where it can perform operations faster. Pi Network has reached the capacity to process 1.19 million transactions per second. The ability of a network to efficiently manage a large user and application audience at the same time determines both its effectiveness and its competitiveness. With this update, Pi Network gained an important advantage in terms of speed and efficiency.
The update also improved Pi Network’s bridging capabilities and facilitated data and asset transfer among different blockchain platforms. Strengthening compliance between Blockchains is of great importance in terms of the expansion of the Pi Network ecosystem. This development will allow Pi Network to appeal to more users and applications.
Pi Network is preparing for the launch of mainnet
Pi Network is currently in the test phase and only open to access to certain people. However, the network is preparing for an open network launch. This launch will be a turning point where users can use Pi Coins, develop applications, and participate in the Pi Network ecosystem, as the network becomes open to everyone. The new updates can make Pi Network a more trouble -free launch.
In the last year, Pi Network’s market value has increased by 3372.5 percent. Only in the last 24 hours, the market value of the network increased by 10.9 percent and the price of Pi Coin reached $ 44.64. The daily transaction volume was recorded as 332,378 dollars. However, in the last 30 days, the market value has decreased by 8.9 percent. This new update of Pi Network seems to contribute to a wider acceptance in the crypto currency world. For some, the network is on its way to becoming a serious competitor in the field of crypto, with increasing scalability, advanced bridging capabilities and a smooth open net launch target.
