Pi Network Completes Testnet 1 Upgrade to Protocol Version 23

Pi Network has finalized its Testnet 1 upgrade to protocol version 23, marking a critical step towards mainnet readiness, impacting the Pi ecosystem, confirmed through community channels.

The upgrade signifies increased institutional focus on Pi Network, evidenced by a recent exchange-traded product launch, hinting at ongoing anticipation for enhanced mainnet capabilities.

In a significant move for the Pi Network, the organization has completed its Testnet 1 blockchain upgrade to protocol version 23, marking a pivotal technical advancement ahead of its planned mainnet transition. Official channels confirmed this progress.

The upgrade involved key leadership from Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both co-founders with strong academic backgrounds in blockchain. Community channels note mapping progress as part of their development efforts.

Immediate effects on the market include increased interest in the Pi (PI) token. Community reactions demonstrate optimism as the ecosystem prepares for the forthcoming mainnet launch, expecting enhanced blockchain utility.

Community members have noted progress in account mapping, which is essential for a smooth transition of user balances to the mainnet. – Pi Network Community Member

Financial and market implications reveal growing institutional interest in the Pi Network. A recent exchange-traded product launch highlights potential value, although direct financial effects from the protocol upgrade are yet to materialize.

Looking ahead, potential outcomes include a stronger Pi Network ecosystem, with increased token utility post-mainnet. As historical trends suggest, successful rollouts typically bolster long-term confidence and community engagement.