Pi’s Linux Node and Protocol 23 Push Decentralized Growth Over Price Hype

Pi Network has announced the upcoming rollout of protocol version 23, a significant upgrade aimed at enhancing its decentralized infrastructure and functionality. This follows the recent release of the Linux Node, expanding the network’s compatibility beyond Windows and macOS to include a third operating system. The Linux Node is particularly relevant for partners, developers, and technologically adept Pioneers, as it allows for standardized node software that simplifies protocol updates and improves network consistency [1]. This upgrade is not directly tied to mining rewards but is a crucial step toward broadening accessibility and encouraging open-source contributions within the Pi ecosystem [2].

The protocol upgrade to version 23 is based on Stellar protocol and introduces new layers of functionality and control. The rollout will be phased, starting with Testnet1 upgrades and progressing to Testnet2 and Mainnet in the coming weeks. The staged approach is designed to minimize disruptions, although planned outages may occur during the transitions. The Pi team has emphasized the importance of transparency by notifying partners and Pioneers in advance of potential service interruptions [1]. This version also embeds KYC (Know Your Customer) authority directly into the protocol, strengthening compliance and allowing for the decentralization of identity verification. In the future, this system could assign KYC authority to trusted entities beyond the native Pi verification process [1].

Despite these developments, the Pi token (PI) has not seen a corresponding boost in market demand. The token remains below $0.35, continuing a downward trend that has persisted for months. Recent efforts to integrate Pi with mainstream financial platforms, such as Onramp Money, have not led to significant price momentum. While these partnerships aim to facilitate broader adoption by enabling fiat purchases through services like Alipay and GCash, the trading charts show that sellers are still in control [3]. The PI token has lost more than 80% of its value in the past six months and has yet to show signs of reversing the bearish trend [3].

Analysts have noted that Pi Network is taking a deliberate, controlled approach to token distribution, avoiding a flood of supply onto exchanges. Tokens are being released through foundation wallets to regulated partners such as Banxa and TransFi, ensuring compliance while gradually expanding access. This strategy aligns with the project’s long-term goal of building real-world utility before focusing on price appreciation [3]. Institutional interest in Pi has also emerged, with the introduction of a Pi-based exchange-traded product in Europe signaling growing recognition from traditional finance. However, these developments have yet to translate into strong investor confidence or price movement.

The release of the Linux Node and the upcoming protocol upgrade are seen as positive steps toward Pi Network’s long-term viability, particularly in the realm of decentralized infrastructure and compliance. These updates position Pi closer to its vision of a fully operational, KYC-verified blockchain ecosystem. Nevertheless, the market remains skeptical, with technical indicators pointing to continued bearish pressure. Without a strong buying surge, the token could test critical support levels in the coming weeks [4]. While the core team remains optimistic about the potential for future growth, investors are advised to closely monitor key price levels and market dynamics before making investment decisions [4].

Source:

[1] Linux Node Release and Upcoming Protocol Upgrades (https://minepi.com/blog/pi-linux-node/)

[2] Pi Network's Latest Update Explained - And Why It's a Big ... (https://cryptopotato.com/pi-networks-latest-update-explained-and-why-its-a-big-deal/)

[3] Major Pi Network Listing News: Could This Be the Start of a ... (https://coindoo.com/major-pi-network-listing-news-could-this-be-the-start-of-a-massive-comeback/)

[4] Pi Network Keeps Plummeting: Is It Time to Sell Everything? (https://investx.fr/en/crypto-news/pi-network-keeps-plummeting-time-to-sell-everything/)