Pi Network News Today: Pi Network Activate Mainnet V19.6 Update

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Pi Network News Today: “Tap-to-Earn” mobile mining Pi Network has rolled out its latest mainnet upgrade, Protocol Version 19.6, marking a key step to improve network performance and stability. The update also comes as Pi Network celebrates its mainnet launch anniversary. 

However, despite this major upgrade, Pi Coin has dropped 6% after gaining 28% in the previous week’s rally.

Pi Network V19.6 Upgrade Improves Stability and Network Performance

According to the official announcement by PiCoreTeam, the Pi Network V19.6 update has now been fully deployed on the main network. This upgrade introduces improvements in overall network stability, node synchronization, and smoother communication between nodes, resulting in better blockchain reliability.

This upgrade is part of Pi Network’s long-term plan to strengthen its infrastructure and prepare for future protocol versions. 

Faster, more stable node communication helps reduce delays, improve transaction validation, and strengthen the network’s infrastructure.

The Pi Core Team has urged node operators to update their software to stay connected to the Pi blockchain and help maintain decentralization and security.

Pi Network Prepares for V19.9 Upgrade Ahead of V20 Release

Following the V19.6 upgrade, the Pi Network team has scheduled Protocol Version 19.9 for release on February 27. This upcoming version is expected to be the final step before the major V20 upgrade, which could introduce more advanced features and improvements.

Protocol upgrades play an important role in blockchain development. They help improve security, increase scalability, and prepare the network for future growth. 

The transition toward Protocol V20 is especially important because it could support wider adoption.

Each upgrade brings Pi Network closer to its goal of building a fully decentralized and scalable blockchain ecosystem.

Pi Coin Price Drops by 7% today

Despite the successful upgrade, Pi network news Pi coin has seen a drop of 7.6% today, currently trading around $0.1760. This decline appears to be profit-taking, as the token had surged nearly 27% over the past seven days due to strong optimism around network upgrades.

Another key factor affecting Pi’s price is the ongoing token unlock schedule. On-chain data shows about 85 million PI coin remains to unlock in February, followed by 111 million in March, 86.4 million in April, and 78.8 million in May.

As the number of unlocked tokens gradually decreases, selling pressure may reduce, giving Pi coin a chance to retest its last week’s high of $2060, if demand remains strong.