Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Pi Network’s Major Protocol Upgrade Is On Track – Key Effects You Should Know About

Pi Network’s Major Protocol Upgrade Is On Track – Key Effects You Should Know About

CoinsProbeCoinsProbe2025/09/16 10:03
By:Nilesh Hembade

The popular cryptocurrency mining platform Pi Network has recently shared exciting updates about its major protocol upgrade. Following the announcement made in late August 2025, the project is steadily moving from protocol version 19 to version 23 — a milestone expected to bring important improvements to the ecosystem.

Testnet1 Now Upgraded to Version 22

According to the official Pi Network app, the Testnet1 blockchain has successfully been upgraded from protocol version 19 to version 22. This marks a critical first step toward implementing new layers of functionality and improved network control.

The team is actively working to upgrade Testnet1 further to version 23, which will be followed by similar upgrades for Testnet2 and the Mainnet blockchains, moving them from version 19 to 23.
As part of the upgrade process, the protocol will roll out in phases through consecutive versions, and some temporary outages may be required to ensure a smooth transition.

Pi Network’s Major Protocol Upgrade Is On Track – Key Effects You Should Know About image 0 Source: @PiNetwork24X7 (X)

Key Effects of the V23 Protocol Upgrade

Feature Benefit
Protocol-Level KYC Integration Improved compliance and support for third-party identity solutions
Rust Smart Contract Support Enhanced security and efficiency of smart contracts
Linux Node Compatibility Broader OS support, increasing network decentralization
Stellar Consensus Protocol (SCP) Alignment Better scalability and transaction handling
Mainnet Readiness Prepares Pi for a stable and secure real-world adoption

What Makes V23 So Important?

  1. Protocol-Level KYC Integration
    One of the most anticipated features of the V23 upgrade is the introduction of Know Your Customer (KYC) integration at the protocol level. This enhances the platform’s regulatory compliance, giving it an edge in markets where identity verification is essential.
    By embedding KYC directly into the protocol, Pi Network opens doors to future partnerships with third-party identity verification solutions, potentially expanding its ecosystem and user base.
  2. Rust Smart Contract Support
    The addition of Rust programming language support for smart contracts is another game-changer. Known for its performance and memory safety, Rust ensures that contracts are more efficient, secure, and less prone to vulnerabilities compared to some older smart contract languages.
    This update positions Pi Network for more sophisticated and reliable decentralized applications (dApps) in the near future.
  3. Linux Node Compatibility
    Previously limited to a narrower set of operating systems, the upgrade now makes Linux nodes fully compatible with Pi Network.
    This change broadens participation in network maintenance and validation, significantly improving decentralization and system resilience.
  4. Stellar Consensus Protocol (SCP) Upgrade
    Pi Network runs on the Stellar Consensus Protocol and Stellar Core, benefiting from Stellar’s recent network upgrades.
    The V23 update ensures alignment with Stellar’s enhancements, improving the network’s scalability, transaction processing speed, and reliability under heavy usage.
  5. Mainnet Readiness
    Perhaps the most critical aspect of this upgrade is its role in paving the way for Pi Network’s upcoming mainnet readiness.
    Fixes to consensus algorithms and transaction processing, along with better network stability measures, make the ecosystem ready for real-world adoption.
    With V23, Pi moves closer to functioning as a fully independent blockchain network, handling live transactions and smart contracts on the mainnet.

Final Thoughts

The V23 protocol upgrade is more than just a version bump — it’s a significant step toward making Pi Network a fully functional, decentralized, and compliant blockchain platform.
From improving KYC processes to enabling advanced smart contracts and increasing decentralization, this upgrade demonstrates the project’s commitment to long-term growth and sustainability.

If you’re part of the Pi community or interested in the future of crypto networks, keeping an eye on the V23 rollout will be key.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!