TLDR
- Pi’s v23 testnet shows low transaction failure rates under heavy traffic.
- Over 8.31 billion π have migrated to the Pi mainnet, signaling growth.
- Pi’s developer tools are now available for creating tokens and liquidity pools.
- Pi Network is aiming to become a Web3 gaming hub with decentralized platforms.
Pi Network’s latest update on its v23 testnet shows impressive stability, indicating that the mainnet upgrade is near. With strong performance under heavy traffic, the testnet is paving the way for a much-anticipated transition to a fully operational mainnet. This update brings the network one step closer to its goal of supporting smart contracts and decentralized applications. The Pi Core Team is now focusing on implementing the same improvements on the mainnet, which could soon allow for more advanced blockchain functionalities.
Testnet v23 Stability and Performance
Pi Network’s v23 testnet has demonstrated remarkable stability as it handled high transaction volumes with minimal failure rates. This performance has been a crucial indicator for the upcoming shift to the mainnet.
According to developers involved in the project, the transition from Testnet2 to v23 is almost complete, with only final adjustments needed before moving to the mainnet.
Once the upgrade is rolled out, the Pi blockchain will be able to support smart contracts, decentralized apps, and tokenized assets. The community views this as the last technical barrier before the network can fully operate as an open mainnet. This upgrade will allow Pi to support a broader range of services and functionalities, marking an important step in the platform’s evolution.
Mainnet Activity and Growth
Pi Network’s mainnet continues to show steady progress as the network grows. More than 8.31 billion π have already migrated to the mainnet, with over 3 billion π now unlocked. In addition, around 5 billion π are still locked. This steady migration of assets signals growing confidence in the network’s infrastructure, with more users actively participating in wallet-to-wallet transactions.
The number of new accounts being created on the network is also increasing, and users are engaging in payments and transfers regularly. This growth reflects the community’s ongoing involvement in the network, despite debates around KYC (Know Your Customer) requirements and the timeline for a fully open economy. The consistent activity on the mainnet indicates that Pi Network is building a solid foundation for its future.
New Developer Tools and Documentation
In parallel with the progress on the testnet, Pi Network’s Core Team has released new developer documentation. This guide is designed to help developers create tokens on the Pi Network testnet, providing instructions on how to set up wallets, mint tokens, and prepare assets for liquidity pools. These updates are part of a broader effort to enhance Pi’s developer ecosystem.
The Pi Wallet has also introduced new features that are aimed at simplifying private key management and improving liquidity operations. With these updates, developers are now able to take full advantage of the network’s capabilities, especially as smart contracts are soon to be supported. The availability of these tools is expected to spur further development of decentralized applications and tokenized solutions on Pi.
Pi Network’s Shift Toward Web3 Gaming
Pi Network is also positioning itself to become a hub for Web3 gaming. The network’s growing user base of over 70 million pioneers and its expanding developer tools are expected to fuel the creation of decentralized gaming platforms.
Pi aims to integrate digital currencies, smart contracts, and gaming economies, making it a potential player in the emerging Web3 gaming space.
With the mainnet upgrade nearing completion, Pi is preparing to support a fully functioning ecosystem where gaming and blockchain technology merge. This shift toward Web3 gaming could redefine the way digital assets are used within gaming platforms, adding another layer of functionality to the Pi Network. As the network evolves, the development of Web3 gaming may become one of its core features.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
