Integrating Stellar Protocol 23 with Pi Network

Integrating Stellar Protocol 23 with Pi Network: A Strategic Step Towards Global Readiness In a major development in the realm of blockchain technology, the Stellar team has announced the pre-release of Protocol 23 on GitHub. This significant update aims to enhance the performance and security of the Stellar blockchain network. Simultaneously, the Pi Core team is actively testing and integrating this protocol within the Pi Network's technical infrastructure. This is a strategic move to bolster the network's efficiency, preparing it for the next phase of development and eventual launch. This update includes the utilization of essential tools such as the Horizon API interface, which enables applications and services to easily interact with the Stellar network. Furthermore, it leverages the smart contract capabilities within the PiCoin ecosystem, indicating a clear intent to enable the operation of decentralized applications (dApps) and integration with decentralized finance (DeFi) systems within the Pi environment. The ongoing efforts involve testing the compatibility between Pi's infrastructure and Protocol 23 to ensure smooth and secure performance. This integration might also pave the way for building direct bridges between Pi and Stellar, potentially opening doors for cross-chain integration with other blockchain networks in the future. On the technical front, this integration is expected to bring significant improvements, such as: - Faster and more secure transaction execution. - Enhanced support for complex smart contracts. - Expansion capabilities and integration with external cryptocurrency markets. This update is part of the ongoing preparations for the full transition to the open network. Users will thus fully harness the capabilities of Pi Coin, including its use in practical and commercial applications, and potentially, later on, its listing on exchanges once legal and technical conditions are met. Conclusion: Integrating Stellar Protocol 23 with Pi is not merely a technical update; it signifies Pi's progress towards becoming a more mature network, closer to fulfilling its promises as a feasible blockchain project for widespread use.