Highly Anticipated Pi Network Update Has Arrived: Key Insights for Pioneers

crypthub

about 14 hours ago

Protocol Update Status

Pi Network’s Core Team announced the successful migration of protocol v19.6, with v19.9 as the final pre-v20 update. Node operators were urged to upgrade to maintain network connectivity. The update follows a series of planned upgrades outlined earlier, requiring nodes to complete migration by February 15.

Node Functionality and Consensus

Pi nodes serve as the “fourth role” in the ecosystem, operating on desktops/laptops to validate transactions and maintain the ledger. Unlike proof-of-work systems, Pi uses SCP-based consensus, relying on trusted quorum slices for validation. Security circles formed by mobile miners create a global trust graph to determine node participation.

User-Centric Design

Pi Network emphasizes accessibility through a user-friendly desktop interface for node management, aligning with its “progressive decentralization” strategy. This approach ensures everyday users can participate without technical expertise, distinguishing it from other blockchain ecosystems.