Pi Network sets deadline for protocol upgrade while the price hovers near its ...
Pi Network (PI) has set May 15 as the deadline for mainnet nodes to complete the upgrade to Protocol 23. This version will introduce full support for smart contracts on the Stellar-based blockchain for the first time.
The measure came just hours after the Pi Core Team confirmed that Protocol 22 had been successfully activated. This consecutive upgrade aims to boost scalability and prep the blockchain for Web3 functionalities.
Why is the upgrade to Protocol 23 crucial for Pi Network?