Pi Network is edging closer to its long-awaited public launch, with its latest mainnet upgrade to Protocol Version 19 marking a crucial milestone. This upgrade introduces significant enhancements, including faster transactions and improved cross-chain interoperability, positioning Pi as a stronger and more efficient blockchain.
Lightning-Fast Transactions with Layer 2 Integration
One of the standout improvements in this upgrade is the implementation of Layer 2 solutions, effectively creating express lanes for transactions. With this integration, Pi Network can now process an impressive 1.19 million transactions per second (TPS), vastly improving its speed and scalability.
A blockchain’s ability to handle high transaction volumes is critical to its long-term success. By significantly boosting transaction speeds, Pi Network is not only enhancing user experience but also strengthening its competitive edge in the crypto space.
Enhanced Cross-Chain Interoperability
Another key feature of this upgrade is Pi Network’s improved bridging capabilities, which allow seamless asset and data transfers across multiple blockchains. This advancement enhances Pi’s utility by ensuring smoother interaction with other networks, thereby increasing its adoption potential.
Interoperability is a crucial factor in blockchain growth, and Pi’s latest development positions it as a more versatile player within the broader cryptocurrency ecosystem.
Preparing for the Open Network Era
Currently, Pi Network remains in its enclosed mainnet phase, accessible only to a select group of users. However, the latest protocol upgrade is a major step toward its full Open Network launch, where broader public access will be granted. This transition is expected to significantly boost Pi’s adoption and real-world use cases.
Over the past year, the Pi Network market has surged by an astonishing 3,372.5%. In the last 24 hours alone, it has recorded a 10.9% increase, with Pi’s price standing at $44.64 and a daily trading volume of $332,378. However, in the last 30 days, the market has seen an 8.9% decline, reflecting short-term volatility.
Pi Network’s Protocol Version 19 upgrade represents a monumental step toward mainstream adoption. With enhanced scalability, seamless interoperability, and a focus on a smooth Open Network launch, Pi is emerging as a serious contender in the blockchain industry. As the crypto world watches, Pi Network’s full potential is set to unfold.
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.
Also Read: Pi Network Resurgence: Price Predictions & Market Outlook for 2025-2030
About The Author
