By MEDIA CREATION | Zemeghub | September 24, 2025
After months of speculation, the Pi Network testnet has officially upgraded to protocol v23, marking a major milestone in the project’s evolution.
While the Core Team has yet to issue a formal confirmation, community channels and developer logs suggest that the upgrade is live — and it’s reshaping how Pi works under the hood.
🧠 What Is Protocol v23?
Built on a customized version of Stellar v23, Pi’s new protocol introduces:
- Embedded KYC authorities for on-chain identity verification
- Expanded wallet activation eligibility
- AI-powered Fast Track KYC to accelerate onboarding
- Greater control and modularity for ecosystem developers
This upgrade aims to transform Pi into a fully KYC-verified blockchain, enhancing both security and accessibility.
🔍 Fast Track KYC: A Game-Changer?
The new Fast Track KYC system allows verified users to activate wallets before completing full Mainnet migration.
This removes the previous 30-day mining requirement and opens the door to:
- Immediate access to Pi apps
- Faster token movement
- Reduced friction for new users
By integrating AI into the KYC flow, Pi hopes to scale verification without compromising trust.
📉 Price vs Progress
Despite the technical leap, Pi Coin’s price continues to struggle:
- Current price: ~$0.35
- YTD decline: -83.99%
- Community sentiment: cautiously optimistic
Analysts predict a potential rebound to $1.23, while some bullish voices foresee a return to $3 — but only if utility and exchange access improve.
Protocol v23 is more than an upgrade — it’s a pivot point.
If Pi can align its technical progress with transparent governance and real-world use cases, it may yet fulfill its promise as a people-powered currency.
But for now, pioneers are watching — not just the code, but the credibility.
Zemeghub will continue tracking Pi’s evolution — not just as a blockchain, but as a social experiment in digital trust.