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The Core Team also indicated that the next big step should be completed by PiDay.
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Summarize with AI
Summarize with AI
Just a few weeks after going to protocol version 19.6, the Core Team has announced the completion of the subsequent upgrade, which is now one step away from v20.
Aside from going into detail on what those Pi updates might indicate for the community, we will check the latest price action from the underlying token in this article.
V19.9 Is Here
CryptoPotato reported on February 21 that the protocol v19.6 migration was successfully completed, which meant that v19.9 is the last one left before v20. Hours ago, the team took it to X to indicate that the 19.9 migration is officially completed as well, and all eyes have now turned to v20.2. According to the team, it could be done by March 14 – the day known as PiDay in the Pi Network community.
As with all previous updates on the protocol front, the team reminded that all node operators have to ensure they have upgraded to the current version; otherwise, they risk being disconnected from the network.
The explanatory blog post from the team noted once again that Pi Nodes are the “fourth role” in the Pi ecosystem. They have to run on laptops and desktops instead of mobile phones. While there are some similarities with other blockchain networks, such as having the same responsibilities in terms of validating transactions, there are also several key differences:
PI Price Update
After bottoming out at $0.1312 on February 11, which became the latest all-time low, Pi Network’s native token began a strong rebound that drove it to over $0.20 at one point days later. However, it was stopped there, and the market volatility brought it south to under $0.16 by the end of the month.
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Nevertheless, it reacted well and now sits above $0.172, which means a 12% monthly increase. PiScan data shows a somewhat worrying trend for the next couple of weeks in terms of daily token unlocks. Although the average number is at 6.8 million for the next month, there are a few days with over 15 million. March 7 will see the most unlocks, with almost 21 million tokens set to be released.
These unlocks do not guarantee sell-offs, but increase the chances for a price correction, as many investors have been waiting for years for their assets.
Pi Token Unlock Schedule. Source: PiScanBinance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Source: https://cryptopotato.com/pi-networks-next-big-update-is-complete-what-every-pioneer-must-know/
