news
Pi Coin Utility Grows as Pi Network Launches Major App Payment Upgrade
📰 sources⭐ 6.0
TL;DR:
Pi Network has launched yet another upgrade aimed at increasing the speed of the payment process. This would lead to settlements being conducted in under 10 minutes.
Key Points:
Background:
Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.
Why It Matters:
Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.