Pi Coin price0.09 USD set to use protocol 28 on Mainnet as of October 16

Pi Network ready to use protocol 28 on the mainnet October 16.

What's the news?

Pi Network is set to switch to protocol 28 on the mainnet on 16 October, after previously the menet system had already completed an upgrade to protocol 27, and the platform has officially switched its test network to protocol 28, instead. Price information in the original news indicated that bitcoin (PI) was trading at around 0.09 dollars or about 122 won.

The protocol upgrades in this news are not a direct declaration of the coin's value, but an improvement to the mechanism by which networks and applications on the system must work together. So what normal users should know is that Pi Network is switching through versions of the system before October 16.

Why is upgrading important?

The main function of a protocol in the blockchain network is to determine how it will receive data and monitor transactions. Pi Network notes that upgrading to Protocol 28 has improved latency business management functions, and enables simultaneous multi-threaded smart contract upgrades focusing on managing changes to information stored within an application more securely.0.09

For the average user, these could mean an attempt to mitigate issues where businesses or systems have to stop waiting for updates one at a time, but this article does not specify whether the effect will be immediate after October 16 and gives no information on how PI's pricing would respond to the upgrade.

What are the scheduler and operator to do?

The part that affects those directly in charge of scheduling is the timeline, which states that the scheduler must update to a new version by October 13 so that test networks and systems are ready before the protocol change on Mainnet on October 16.

The scheduling page of Pi Network states that the upgrades to MainNet are protocol 28. Users who upgrade should therefore monitor their own version status and check the platform's announcement channels before undertaking any action, as an update later than scheduled may render the program incompatible with the new protocol.

The impact on the average user in Thailand

For users who follow prices from abroad, the figures0.09 of dollars and 122 won are in original news reports rather than in baht units. Thai users wanting to see value in bahat should check exchange rates and quotes from reliable sources.

Additionally, if using a trading platform in Thailand, users should check whether the products or assets involved are under the supervision of the SEC (Thailand) 's Thai office, as network upgrades may affect the status of deposits, withdrawals, or temporary support for some platforms, although this article does not yet list services in Thailand.

How should we read this story?

Importantly, Pi Network is switching over from protocol 27 on the mainnet to protocol 28 as scheduled October 16, with a test network already switched to protocol 28, and an update slated for October 13.

Upgrades focus on managing delayed transactions, updating multiple smart contracts simultaneously and handling changes in data within the application more securely. The average user should use this information to understand system changes rather than making a purchase decision because there is no information in the news that indicates an effect on price or actual usage after the upgrade.