Although the Core Team’s controversial project had been quietly upgrading for days, they decided to announce the migration today, as if the mere act of declaring it would make the upgrade feel more… legitimate.
The Core Team, ever the optimists, insisted that this new protocol was a ‘groundbreaking’ step towards smart contracts, but as we all know, even the most exciting news can’t stop a cryptocurrency’s price from plummeting like a poorly aimed arrow.
V20.2 Arrived
The past month has been a whirlwind of upgrades, with the Core Team rolling out v19.6, v19.9, and now v20.2, all while the rest of us are just trying to remember our own passwords.
All eyes were on March 12, the fateful day when the Core Team promised to unveil v20.2. And lo and behold, they did, just in time to remind us that deadlines are merely suggestions.
It’s worth noting that the team actually completed the migration within the original timeframe, as hinted in their Pi Day celebratory post from the weekend. However, the post now provides more information on what Pioneers can expect, especially since Pi Network has upgraded its Mainnet blockchain to protocol 20. The latest version is a major step toward the network’s goal to have smart contract capabilities, as explained in the post:
“Protocol 20 provides the foundation to enable smart contract capabilities, and the rollout of smart contracts will occur gradually, prioritizing categories that align with utility-based product innovation and operations. The specific types of smart contracts featured will depend heavily on the needs arising from the utility creation process.”
PI Drops Yet Again
Perhaps the initial updates were too much for the market to handle, and PI’s price went on a rollercoaster, reaching heights that made many wonder if they were dreaming or just suffering from a severe case of crypto fever.
The effects were immediate, with PI’s price soaring to nearly $0.30, a feat that made many wonder if they were dreaming or just suffering from a severe case of crypto fever.
After hitting a five-month peak, though, the reality set in, and PI’s price plummeted faster than a poorly thrown frisbee in a hurricane. The situation has only worsened in the past 12 hours, as the token has dumped to under $0.175, thus dropping by almost 50% in just a few days.
PiScan data shows that the number of tokens to be released in the next month would be rather negligible compared to what it was in February and early March. Aside from March 20, when almost 16 million coins will be unlocked, the rest of the month will see numbers below 4 million.
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2026-03-18 10:46