Pi Network Rolls Out New Upgrade as Token Drops Another 10%
Pi Network released Node version 0.5.4 with enhancements, but faces low mainnet activity and a 10% drop in Pi Coin's price.Summary
The Pi Network has released Pi Node version 0.5.4, which has been renamed "Pi Desktop" to unify access to the Node, mining app, and Pi App Studio. This update focuses on performance enhancements, fixes for community-reported issues regarding Node mining rewards, and a new open port verification system. Despite these technical advances, the ecosystem is experiencing challenges, including low mainnet activity (only 296 active mainnet nodes reported by PiScan) and declining developer confidence, evidenced by the first Hackathon winner, WorkforcePool, announcing it is for sale due to high operational costs. Furthermore, the price of Pi Coin has dropped nearly 10% over the past week, trading at $0.22 at the time of writing, adding pressure to the network.
(Source：BeInCrypto)