Big Pi Network Update: Critical Info for the Entire Community
Pi Network is pressing ahead with its strategy to become a fully verified blockchain, even as its token sinks close to record lows.
The project’s Version 23 upgrade marks a turning point: for the first time, KYC verification won’t just be an app feature, it will be written into the protocol itself.
A Compliance-First Blockchain
The new release, based on Stellar’s v23 framework but reworked for Pi’s needs, hands identity checks to both Pi’s native system and external providers approved by the community. The Core Team says this approach will end years of KYC headaches and spread the responsibility for verification beyond a central authority. Nearly 15 million accounts have already been verified, and the team believes the upgrade will accelerate adoption by businesses that require clear compliance standards before integrating crypto payments.
What Users Should Expect
Rollout will happen gradually, with short service interruptions possible. Developers pledged to notify users and partners beforehand, framing the change as preparation not just for individuals but also for third-party platforms that plan to plug into Pi’s network. The long-term goal is a “community-driven” identity layer that regulators can trust but that doesn’t rely on a single gatekeeper.
While the tech side advances, the token has offered little for bulls to celebrate. PI briefly spiked after August’s announcements, climbing above $0.40, but momentum quickly faded. It now trades under $0.35, barely above its all-time low of $0.33, and down more than 88% from February highs.
Two big token unlocks — 12.3 million coins on September 6 and 9.9 million on September 11 — are weighing on sentiment, with traders bracing for further selling pressure. Relief may only arrive later in the month, once supply overhangs ease.
The Road Ahead
Pi’s developers argue that turning identity verification into a protocol feature is critical for mainstream adoption, especially as regulators worldwide demand tighter oversight. But investors remain skeptical, and price charts suggest confidence has not yet caught up with the project’s ambitions.
For now, Pi Network is betting that proving itself as a compliance-ready blockchain will eventually translate into utility and market support — even if the token market isn’t convinced yet.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
