Although the deadline for the previous major protocol update passed days ago, the Core Team behind the project finally announced its successful deployment.

Moreover, they provided more details about the upcoming one, which is scheduled to be the last planned upgrade.

Save The New Date: September 15

The long process of upgrading the protocol began in February when the Core Team introduced version 19.6. Numerous others followed suit, including v20.2, which laid out the foundations for smart contract capabilities.

Most of the subsequent updates were successfully deployed like clockwork, but there were some delays, as the team admitted. One of those was version 25, which was supposed to be implemented by July 22. However, the team noted that it was significantly harder to deploy, which led to a delay.

Nevertheless, it was eventually incorporated, and Pi Network set its sights on the next one, version 26. Although its deadline was set for August 11, there was no official update for a week. The vast Pi Network community, though, published countless posts on X, indicating that the update was deployed and the team confirmed it earlier today.

In the latest post on X from the only official account, the Core Team said version 26 was successfully completed on Mainnet and highlighted that the next one, scheduled to be the last, must be implemented on September 15.

It will introduce more flexible and secure smart contract authentication capabilities and enable more advanced ways for accounts and apps to authorize transactions. Version 27 will continue the project’s work to incorporate newer protocol features and expand the network’s smart contract capabilities.

Version 0.6.2

The other recent updates included the introduction of Pi Node version 0.6.2 last week. It came with improvements to SoloHost, node connectivity, and the Pi Desktop user experience.

Perhaps the most notable part of the recent experiment was the fact that five volunteer Node operators participated in an initial distributed computing test and all received jobs, performed the required computations, and returned the results to a Pi coordinator.

In addition, Pi Network will update its pricing model for creating and editing applications on August 24. The current model charges just 0.25 PI to create an app and another 0.25 PI to edit it, while the difference, which could be significantly higher on some occasions, is covered by the project itself.

The new model will take a different approach, as standard prices will reflect the actual costs more closely and may vary depending on the resources required for each action. Apps that demonstrate real utility and usage from distinct users will remain eligible for the previous subsidized pricing. The eligibility will be reviewed regularly, meaning that devs who initially don’t qualify could earn the cheaper rate later if their apps start attracting real users.

Source: CryptoPotato