TLDR Pi Network confirmed that Protocol 28 completed its Mainnet upgrade on October 16. The upgrade improves transaction processing and smart contract maintenance for developers. Pi Network w
Pi Network has confirmed its blockchain upgrade ahead of its first Ecosystem Summit in November. Meanwhile, PI Price rose around 3% on October 29, nearing $0.08 after weeks of losses. The project has also announced new desktop tools and plans to explore stablecoin payments.
Pi Network said on October 22 that Mainnet switched to Protocol 28 on October 16. Reports had questioned whether the update went live on schedule, but the team’s statement confirmed its completion.
The upgrade improves handling of delayed transaction data. Developers can also update several smart contracts together and make safer changes to information stored by applications. Pi has not announced a broad release of public smart-contract apps following the upgrade.
Elsewhere, Curve Finance launched on Stellar on October 29, bringing trading tools to another blockchain’s smart-contract system. Pi Network has not provided a timetable for comparable public services.
Pi Network will hold its first online Ecosystem Summit from November 17 to 19. The three-day event will include software announcements, developer demonstrations, existing application showcases, and details of another hackathon.
Pi says its Core Team will meet developers. Its ecosystem currently includes more than 300 Mainnet apps. Separately, a Spanish-language Axis Robotics community account described a possible Pi integration, without giving technical details or a launch date.
Pi is exploring rewards and payment uses for Open Standard’s OUSD stablecoin. Separately, Visa reported $25 billion in annualized stablecoin settlement this week. Pi has not announced an OUSD Mainnet launch date or integration details.
On October 22, Pi Desktop 0.6.4 removed the need for manual router changes when accessing SoloHost apps remotely. The software also introduced checks designed to limit each app’s access to unrelated files and networks.
PI traded near $0.079 on October 29, gaining roughly 3% over 24 hours. Despite the recovery, the token remained lower for the month after trading above $0.09 in early October.
Market analyst Crypto With Gopal identified a possible double-bottom pattern near $0.074. Separately, Bitcoin exchange netflows turned positive as the wider market tracked developments around $80,000 BTC.
“A breakout above $0.082 could open the door toward $0.090-$0.092. Bulls need to reclaim resistance to confirm momentum,”Gopal wrote.
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