Major Pi Network Update Introduced as PI Fights for Key Support
While the vast Pi Network community anticipates an official confirmation of the successful deployment of protocol version 26, the Core Team actually surprised them by announcing that the Pi Node version 0.6.2 has been released.
Here’s what it means for the project, how Pioneers can benefit, and what’s next.
New Pi Node Version Is Here
The post on the only official X channel associated with the popular project informed that the new node version introduces improvements to SoloHost, node connectivity, and the Pi Desktop user experience. The team said five volunteer Node operators participated in an initial distributed computing test and all received jobs, performed the required computations, and returned the results to a Pi coordinator.
The test represents another step toward Pi’s plan to use the spare computing capacity of its node network for AI and other compute-intensive applications. The project currently has a network of claimed 420,000+ Pioneer-operated computers. The idea is that third-party clients could eventually tap into those resources, while participating node operators could be compensated in the native token for providing computing power.
The future is not yet a fully operational distributed computing marketplace. The latest experiment involved only five volunteers and is part of the project’s broader effort to develop the infrastructure into something usable by external clients.
Node 0.6.2 also introduced UPnP support, designed to make it easier for operators to automatically configure the ports required by Pi Desktop, alongside a new port checker and several SoloHost improvements.
Meanwhile, if you are curious about Pi Network’s latest initiatives, you can check our dedicated article here.
PI Price Update
It was a month ago when the native token slumped to its latest all-time low of $0.07. It rebounded swiftly and challenged the $0.10 resistance within days, but it was expectedly rejected given the current market state and its overall performance in the past year.
Although it dropped below $0.075 once again by the end of the month, the bulls ultimately stepped up and helped it reclaim the $0.08 level. It even tapped $0.094 days ago, but it was stopped again and now sits around $0.09 but on the wrong side.
Its market cap remains below $1 billion, while the upcoming token unlock by the end of the year spells trouble as the immediate selling pressure could intensify soon again.
The post Major Pi Network Update Introduced as PI Fights for Key Support appeared first on CryptoPotato.
