The article underscores the implementation of Protocol v23 of Pi Network. It is not a simple performance improvement that occurs in this upgrade. It brings a fundamental shift in the nature of the operation of trust within the network. The update aims at the increasing number of Mainnet users of Pi, which currently has over 15.8 million pioneers.
The protocol redefines the interactions between identity and validation and transactions by incorporating new core logic. This action puts Pi in a freer network design.
KYC Moves Directly On-Chain
The most remarkable one is that the KYC authority has been integrated into the blockchain itself. This lessens the use of off-chain and centralized verification systems. It enhances transparency and auditability too. On-chain KYC enables the network to enforce the protocol-level compliance. The latter change puts Pi somewhat closer to controlled-ready blockchain models without sacrificing scalability.
Protocol v23 incorporates a new more modern core engine with much enhanced throughput. The capacity of transactions reaches thousands per second. This puts the network into a better position to handle more traffic. Rust-based smart contracts are also open to the upgrade. That modification is endorsing decentralized exchanges and increased application expansion scheduled at the start of 2026.
Positivity With Hedged Expectations
Response of community is also very positive. The upgrade is seen by many as a long-overdue technical base. Meanwhile, Pi is still implementing changes in a gradual fashion. Mainnet impact will be completed with the aid of stability tests and incremental implementation. Protocol v23 sets direction. The outcomes will be characterized by the execution.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Coin 86% Rally Reverses as Technical Signals Point to Further Decline
Pi Coin surged approximately 86% between February 28 and March 13, 2026, reaching nearly $0.30 before reversing sharply to trade near $0.20, as bearish divergence between price and the Relative Strength Index (RSI) signaled fading momentum.
CryptopulseElite36m ago
Pi Network Launches Second Migration of Smart Contracts, Technical Rebound Signals Emerge
Pi Network (PI) token closed at $0.1955 on Monday after declining for four consecutive trading days. Last week, Pi developers launched on-chain smart contracts through a v20 node upgrade and announced plans for a second mainnet migration. From a technical perspective, the PI price is currently stable near the 50-day EMA and the 61.8% Fibonacci retracement level, a position that has historically been associated with technical rebounds.
MarketWhisper2h ago
Pi Network Starts Second Migration: Here’s What You Must Do to Be Eligible
Pi Network has initiated second migrations, allowing Pioneers to transfer more Pi to Mainnet, enhancing wallet security with two-factor authentication. This update may positively impact Pi Coin's market price, currently just below $0.20.
CaptainAltcoin9h ago
Pi Network Efforts to Restructure Web3 Launch Platform — Price Action Shows Otherwise
Pi Network officially launched its first version of Pi Launchpad on Testnet with a unique token mechanism on March 16. While it signifies progress, the market response has been negative, with PI's value dropping by 8.9%. The impact on investor sentiment remains uncertain.
TapChiBitcoin14h ago
