Pi Network Sets July 22 Deadline for Protocol v25

Overview

• The Pi Network Core Team announced Wednesday that Protocol v25 is expected to reach completion by July 22 and gave the community a firm timetable after several weeks with limited updates.
• The team describes v25 as focused on improving network stability and reliability while enabling more efficient privacy-preserving smart contracts through cryptographic tools.
• Crypto.news reports the upgrade will add BN254 elliptic-curve support and Poseidon hashing to help developers build zero-knowledge applications that keep sensitive data off public ledgers.
• PI’s market price has weakened sharply during the upgrade wait, falling below $0.10, losing more than 35% over two weeks, and trading near $0.07 to $0.085 as buyers briefly pushed prices higher then sellers returned.
• Development momentum slowed in the second quarter after a run of earlier releases and the team deployed v24 in early June, so observers say v25’s performance and clearer technical detail will be key to restoring developer activity and market confidence.