Pi Coin Gets Major Utility Boost as Core Team Releases New Network Upgrade

In a new development, the Pi Network team released a major update to its system. This upgrade aims to improve the price of Pi Coin, which has since been declining.

Pi Network Releases Node Version 0.5.4

The Pi Network shared in a recent blog post that it had made an update for the Pi Node. This update improves the performance and user experience of the Pi Desktop platform. It helps ensure the accuracy of the Node rewards. This is particularly important because users had already complained about the issue.

The development team released version 0.5.4 to address issues found by Node operators in version 0.5.3. Among the addressed issues are those to do with automatic updates, block container creation, and reward synchronization.

The new system now implements a port-tracking mechanism that ensures precision in reward calculations and the security of Pioneers. Pi Desktop also allows users to open approved external links inside the app.

The latest update of Node follows the steady progress seen in the Protocol v23 upgrade. Presently, the update is under testing on the Pi Network testnet. Experts expect the new protocol to go live on the mainnet before the end of Q4 2025.

Pi Network Continues Efforts to Revive Price

The core team has, in the last couple of months, tried to revert the price’s recent decline. For example, Pi coin rose 15% when it joined the ISO 20022 group. This is an international standard for payments used by leading blockchain companies like Ripple.

Experts believe that this increased interest in Pi Network shows that people are becoming more confident in its long-term potential as a scalable and compatible blockchain.

Besides, one of the leading analysts of Pi, Dr. Altcoin, explained that such upgrades could improve the token’s use case and possibly boost its value. Once fully deployed, this could reduce congestion on the network.

Most notably, the network has already gone ahead and advanced from Testnet version 19 to 22. The team will now be building on the final testnet stage before going into mainnet.

Also, Pi Network Ventures announced an investment in OpenMind. This AI company develops an open-source operating system for robotic intelligence and collaboration. The upgrade could help boost the token’s value and resume its move upward.