Pi Network Version 20 Upgrade Boosts PI Coin

Sean Williams
Pi-network (PI)

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  • Pi Network upgraded to version 20 on testnet, marking a step toward Mainnet.
  • PI Coin gained ~3% amid heightened community and investor interest.
  • Domain name auctions expand Pi Network’s ecosystem and user utility.

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Pi Network has successfully upgraded its blockchain protocol from version 19 to 20 on its testnet, marking a significant technical milestone. According to Pi Network advocate Dr. Altcoin, this is the first step in a phased upgrade plan expected to reach version 23. The upgrade strengthens the network’s blockchain infrastructure, setting the stage for future Mainnet deployment and broader ecosystem adoption.

Community Enthusiasm Drives Market Activity

The protocol update has sparked renewed investor and community interest. Pi Coin (PI) saw a short-term price increase of around 3%, reaching $0.3537, according to TradingView. The token also experienced a 2.7% rise over the past week, though monthly performance remains down by nearly 10%, and six-month losses stand at over 75%. Despite market volatility, the cumulative gains since launch exceed 253%, reflecting the token’s long-term growth potential.

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The upgrade has been widely discussed among the Pi Network’s global user base, with millions of enthusiasts following each version increment closely. As the network gradually progresses toward version 23, anticipation builds for enhanced functionality and eventual Mainnet activity.

Also Read: Pi Network PI Surges 20% Amid Version 23 Upgrade and Institutional Listings

Expanding Pi Network’s Ecosystem Through Domain Auctions

Beyond protocol upgrades, Pi Network is implementing a domain name auction running until September 30. This initiative allows users to secure Pi-powered domains, promoting digital identity creation and the development of services within the ecosystem. By incentivizing ecosystem participation, Pi Network continues to strengthen its utility layer, creating long-term value for users and developers.

Looking Ahead: Technical Milestones and Market Considerations

While the version 20 upgrade highlights Pi Network’s technical progress, investors are reminded that real utility, adoption, and Mainnet performance will ultimately drive the token’s value. As the community eagerly awaits further updates, short-term price fluctuations will continue to reflect broader crypto market trends alongside project-specific developments.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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