Pi Network's Linux Node and Protocol 23: A Battle for Decentralized Trust

Pi Network has announced significant ecosystem upgrades for 2025, with the release of a Linux Node and the upcoming transition to protocol version 23. The Linux Node release expands the network’s compatibility beyond Mac and Windows, offering partners and third-party services a standardized software solution. This upgrade enables Linux node operators to self-manage or automate protocol updates, fostering a more stable and consistent ecosystem. For Pioneers, the release supports inclusivity for developers and open-source contributors, although it does not directly impact mining rewards or daily participation [1].

The protocol upgrade from version 19 to version 23 is a key development, based on enhancements from the Stellar protocol. This transition will be rolled out in phases across Testnet1, Testnet2, and the Mainnet, with potential outages announced in advance to ensure smooth transitions. The update is expected to introduce new layers of functionality and control, strengthening the network’s infrastructure and scalability [1].

Another major development is the decentralization of KYC (Know Your Customer) verification authority. The upgrade will enable the blockchain protocol to enforce KYC compliance directly, allowing for the future delegation of verification responsibilities to trusted entities. This shift supports a more distributed and community-driven compliance framework while maintaining regulatory standards. Pi Network already has over 14.82 million KYC-verified accounts, a milestone that positions it as a leader in identity-verified blockchain ecosystems [1].

The project is also making progress on its open-source transition, with the PiOS codebase reaching 90% completion. The open-source phase is anticipated to accelerate by September 2025, though the core protocol remains proprietary for now. This move aims to increase transparency and developer participation, mirroring approaches taken by major blockchain projects like Ethereum and Solana. A recent hackathon encouraged developers to build real-world applications using PiOS, signaling a strategic shift toward broader adoption [3].

Speculation around exchange listings has intensified, particularly regarding a potential listing on Coinbase. A 2021 hackathon winner hinted at imminent developments, fueled in part by social media interactions between Pi Network representatives and Coinbase executives. While no official confirmation has been issued, analysts suggest that a listing could boost liquidity and visibility for Pi Coin. Additionally, Pi has secured a listing on Swapfone, a US-regulated platform, offering its first entry into the American trading landscape [3].

Despite these developments, the price of Pi Coin continues to face challenges. The token recently hit an all-time low of $0.3304, reflecting broader market skepticism. Analysts remain divided on its future trajectory. Some predict a rebound to $1 by mid-2025, contingent on the success of the mainnet launch and KYC processes, while others caution that a failure to maintain price above $0.38 could lead to further declines. Long-term forecasts vary, with estimates for 2030 ranging between $0.48 and $1.75, depending on adoption and exchange listings [2].

Source:

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

[2] Are OKX and MEXC Delisting Pi Coin? Analyst Reveals Truth (https://coinpedia.org/news/pi-network-news-are-okx-and-mexc-delisting-pi-coin-analyst-reveals-truth/)

[3] Pi Network Hackathon Winner Hints at Coinbase Listing ... (https://coingape.com/pi-network-hackathon-winner-hints-at-coinbase-listing-amid-pi-open-source-transition/)