Pi network new update| Pi Node Version 0.5.0 Released update | Pi network node update |Pi news today

Pi network new update| Pi Node Version 0.5.0 Released update | Pi network node update |Pi news today
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Pi Node Version 0.5.0 Released: Preparing Nodes for Mainnet
With this update, Pi Nodes will transition to the Testnet2 blockchain, which tests switching between blockchains, allowing Node runners to transition smoothly to the Mainnet once it’s available. Additionally, Testnet2 provides a more compatible and comparable environment that Nodes will experience on the Mainnet blockchain.

Nodes may continue using the original Testnet for now, but this blockchain will soon be closed for Nodes to use. Testnet will continue functioning as normal for Pioneers and Pi app developers—no actions are needed at this time, ensuring that Pi apps can maintain stability and performance without requiring extra work from Pi apps developers.

Nodes are the fourth role in the Pi ecosystem, and run on laptops and desktops instead of mobile phones. Similar to other blockchains, Pi Nodes will be responsible for validating transactions on a distributed ledger, and resolving the challenges in maintaining a distributed currency by having all nodes come to a “consensus” on the order of new transactions that are being recorded.