web3: The upgrade of the Pi Network protocol to version 27 will be launched on September 15th.

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09-09 13:27

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Pi Network will be launched on September 15th. Protocol On the 27th, nodes need to be upgraded to version 27.1 to maintain connectivity with the mainnet. The upgrade will enhance smart contract authentication and expand ecological functions.

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Pi Network is scheduled to go live on September 15th, and Protocol on the 27th. There is now only one week left until the upgrade. The project team refers to this as the last upgrade in the current development roadmap, with a focus on enhancing the smart contract authentication capabilities and expanding the transaction authorization methods for accounts and applications.

Nodes must be upgraded before the deadline.

According to the disclosure, node operators need to update their software to version 27.1 before the deadline; otherwise, they will not be able to continue connecting to the mainnet. Ordinary users and miners do not need to perform any additional actions.

This means that the direct impact of this upgrade is mainly on the infrastructure layer. For nodes, completing the version switch on time is a necessary condition to maintain network connectivity.

Enhanced smart contract authentication capabilities

One of the core changes in Protocol 27 is the enhancement of the identity authentication and authorization capabilities of smart contracts. After the upgrade, accounts and applications will be able to use more complex transaction authorization methods, and the smart contract functions of the network will also be expanded accordingly.

From a functional perspective, this update focuses more on completing underlying capabilities rather than making front-end improvements for ordinary users. Its significance lies in providing more comprehensive conditions for subsequent application development.

DEX and AMM functions attract attention

The project team also mentioned that this upgrade is expected to support new DEX and AMM liquidity features, which will be implemented in conjunction with the subsequent development of the ecosystem. However, the information disclosed at this stage mainly focuses on the technical upgrade arrangements, and the specific product timeline has not yet been elaborated.

On the market front, PI is currently trading above $0.095, with traders watching to see if it can break through the $0.10 mark.

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