Pi Network (PI) News Today: October 28th

Pi Network continues to advance its ecosystem, while the project’s native token has experienced significant volatility as of late. In the following lines, we will explore these topics in detail.

The Latest Update

Last month, Pi Network’s team revealed that the protocol will move from v19 to v23. The new version was described as “a custom Pi protocol, pulling upgrades from Stellar v23, adding new functionality and control.” Specifically, it will embed Know-Your-Customer authority to maintain the project as a KYC-verified blockchain, while offering a more “distributed, community-driven process.”