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Pi Network’s Latest Update Explained – And Why It’s a Big Deal
In a significant move, the team behind Pi Network has released a new update that is expected to have far-reaching consequences for the project and its users. The most notable aspect of this update is the addition of support for Linux, which has been highly sought after by many in the community.
This latest expansion of the Pi ecosystem’s OS capabilities beyond Windows and Mac marks a significant milestone for the team behind the project. By incorporating Linux into their infrastructure, they aim to enhance the decentralized backbone of the network. The move is also meant to pave the way for a major protocol upgrade from version 19 to 23.
The implications of this update are multifaceted. For developers and partners, it presents an opportunity to migrate to standardized node software, ensuring faster maintenance, smoother protocol updates, and ultimately, better network consistency. This newfound flexibility will likely bring significant benefits to the ecosystem as a whole.
The Linux integration is not only beneficial for the team behind Pi Network but also for those who prefer working within such environments. The update is expected to increase accessibility for open-source contributors and developers who are accustomed to this type of environment. It is essential to note that this change does not directly affect mining rewards, as many might assume.
The protocol upgrade itself is expected to be the most significant one yet for Pi Network. This monumental undertaking will bring about expanded functionality and improved control layers, heavily influenced by Stellar’s protocol. The rollout process has been carefully designed to minimize disruptions, with testnet1 upgrades commencing this week, followed by testnet2 and mainnet in the coming weeks.
As the update takes effect, there is a possibility of minor outages as the new community node container is deployed. Additionally, centralized exchanges (CEXs) may experience short outages during the transition period as they adapt to the upgrade.
Furthermore, it seems that this update will also address some of the issues regarding KYC requirements with Pi Network, although more details on this matter are forthcoming and we will dedicate a separate article to these developments, considering the backlash from the community.
It is notable that the price action of PI token has responded positively to this news. The asset has skyrocketed over 5% since last week’s close and currently trades around $0.37 per unit. However, it may still be vulnerable to enhanced selling pressure in the days ahead due to a significant number of tokens scheduled for release on September 2nd and September 6th.
Source: cryptopotato.com
