Pi Network Temporarily Suspends Key Services for Upgrade
- Pi Network halts services for Stellar Protocol upgrade.
- Temporary service suspension aligns with roadmap.
- No immediate reason for community alarm noted.
Pi Network’s temporary shutdown of signup and login features on Thursday is due to scheduled upgrades to Stellar Protocol v23, as part of the transition to a new mainnet.
The event underscores Pi Network’s strategic steps towards enhancing its platform, although it has sparked brief user concerns, no immediate financial or regulatory alarms have been raised.
Pi Network’s Scheduled Upgrade
Pi Network has temporarily shut down its signup and login features as part of a scheduled upgrade . This event is in preparation for a significant transition involving the alignment with Stellar Protocol v23.
The Pi Core Team is overseeing the upgrade operations. These actions are part of a strategic move for the upcoming mainnet upgrade, according to official communications from their verified channels.
Community Concerns and Impacts
The temporary suspension has generated a brief wave of concern among users. However, official statements describe the planned outage as a minor, necessary part of the project’s broader roadmap.
Despite the short-term disruption, there are no indications of wide-scale panic or negative impact on major market assets outside of PI itself. The event reflects typical changes expected during such upgrades.
Anticipated Outcomes and Prospects
Observers note that previous upgrades result in enhanced network functionalities. Historical patterns from comparable blockchain adjustments, such as the Stellar v23 upgrade, show improved performance following initial disruptions.
Future prospects include unlocking smart contract functionalities and broader protocol improvements. Historical trends suggest developer growth and strengthened community engagement post-upgrade, aligning with similar past events in the blockchain landscape. An observational note stated:
“Pi Network announced in an X post on Thursday that a scheduled upgrade between 15:00 and 17:00 GMT will temporarily disable features.” — Pi Core Team, Pi Network
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Speeds Up Approval Process for Altcoin ETFs with Strategic Moves
In Brief The SEC withdrew delay notifications for several altcoin ETF applications. This move precedes new cryptocurrency ETF listing standards effective October 1st. Notable price increases were seen in the crypto market following this decision.
Solana Tests 50 Day EMA: Breakout or Breakdown?
Solana retests its 50 day EMA. Will it reclaim key levels or drop to $175? Here’s what traders should watch.Two Key Scenarios for SolanaKey Levels to Watch
SWIFT Builds Blockchain Ledger with Consensys & 30+ Banks
SWIFT partners with Consensys and over 30 banks to develop a blockchain ledger for global financial messaging.Why Blockchain, and Why Now?Industry Impact and What’s Next
Crypto Market Rebounds as $260M Shorts Get Liquidated
Bitcoin and Ethereum lead a recovery after $5B in long liquidations, with $260M in shorts wiped out in the past 24 hours.Bitcoin and Ethereum Regain StrengthNeutral Sentiment Returns Amid Lower Liquidations
Trending news
MoreCrypto prices
More
