Stellar Protocol 23 Upgrade’s Impact on Pi Network

The Stellar Protocol 23 upgrade enhances Pi Network’s technological base but isn’t expected to immediately boost its price. While shared infrastructure with Stellar may increase appeal, price effects require broader adoption and improved liquidity.

Pi Network and Stellar’s shared infrastructure may see significant implications with the upcoming Stellar Protocol 23 upgrade, slated for release later this year.

The Stellar Protocol 23 upgrade promises to bolster Pi Network’s technical landscape without immediate price hikes, focusing on long-term market adaptability.

Stellar Protocol 23, developed by the Stellar Development Foundation, is poised to integrate Soroban smart contracts, enhancing transaction speed and scalability. Pi Network, leveraging Stellar Core, could benefit from this update.

Dr. Altcoin stated that Stellar Protocol 23 may improve Pi Network’s attractiveness to traders due to its underlying technological synergy. However, no direct financial impact is anticipated immediately. As Dr. Altcoin, Community Analyst at Pi Network, highlights:

This [Protocol 23] upgrade is likely to improve Pi Network’s appeal among traders given its technological connections to Stellar.

Immediate effects of the upgrade include heightened interest in trading and developer activity within connected ecosystems. Such infrastructural improvements may create better performance for Pi Network apps and nodes.

Stellar’s enhancement offers potential boosts for scalability and cost efficiency, impacting Pi Network’s technological reliability and developer prospects. Currently, Pi’s market value faces bearish sentiments pending broader adoption and liquidity shifts.

Insights suggest that while the technological upgrade is significant, its financial impact heavily depends on market usage and developer engagement. Historical trends show reliability increases, but price implications remain tied to adoption and liquidity dynamics.