Pi Network has announced an upgrade to Protocol 19, in preparation for the open mainnet launch scheduled for the first quarter of 2025. This update is a significant step that will substantially improve the network’s scalability, transaction speed, and security.

Key Features of Protocol 19

• Layer 2 Solution: Improves transaction speed and enhances network scalability.
• Low Transaction Fees: Transaction fees are reduced to 0.00001 Pi, making digital payments more affordable.
• Bridge Functionality: Enables interoperability with other blockchains, allowing for cross-chain transactions.
• Enhanced Security: Increases safety and optimizes the user experience.

Improved Transaction Speed and Scalability with Layer 2 Solution

Protocol 19 introduces Layer 2 technology, allowing the network to handle a higher volume of transactions. This technology reduces congestion and lowers transaction costs. As a result, Pi Network becomes a platform that millions of users can utilize smoothly.

Low Transaction Fees Make Everyday Use Easy

With the new fee structure, the transaction fee for a single transaction is just 0.00001 Pi, allowing users to perform transactions almost for free. This change is also suitable for small payments and peer-to-peer transfers.

Bridge Functionality Enables Cross-Chain Transactions

The newly introduced bridge functionality allows Pi Network to connect seamlessly with other blockchains. This improves liquidity and integration across diverse ecosystems, enabling users to utilize Pi coins for a wider range of applications.

Preparation for Open Mainnet

This upgrade is a crucial step for Pi Network’s transition to a fully decentralized blockchain ecosystem. Starting February 20th, the open mainnet will enable the following:

• Direct transactions on the blockchain
• Hosting of dApps (decentralized applications)
• Automation and complex contract management via smart contracts

Impact on the Pi Network Community

Currently, Pi Network has over 60 million users, with more than 20 million having completed KYC (Know Your Customer). The transition to the open mainnet opens new avenues for this large community to use Pi coins in the real world.

KYC and Mainnet Migration Period

The KYC deadline has been extended until February 28, 2025. If KYC is not completed by this deadline, Pi coins mined before this period may be lost. Users are strongly encouraged to complete the KYC process promptly.

Summary

The upgrade to Protocol 19 serves as a vital foundation for Pi Network’s growth as a next-generation digital currency. By enabling fast, secure, and low-cost transactions and providing an ecosystem usable for various purposes, Pi Network will establish a unique position in the cryptocurrency market.

“This latest update is a groundbreaking improvement that optimizes performance, security, and user experience.”

The open mainnet launch is just around the corner. Don’t miss out on the latest information and become a part of this revolutionary project.