The team behind Pi Network announced the implementation of two-factor authentication following user complaints about the complexities of SMS verification.
Verification System Update
According to the project blog, the team decided to abandon the phone number verification system due to its unreliability and high cost, related to Pi's global reach. Users are located in various countries, creating challenges due to telecommunication regulations and other factors. The team opted to use email-based two-factor authentication (2FA) as the primary verification method. Other methods such as passkeys and biometrics may be added later. The new system requires users to enter a trusted email, which was not done before. Some users needed to complete further actions, such as liveness checks or additional SMS verifications, causing a temporary pause in migrations. This issue has been resolved, and migrations have resumed with expansion as more email-based 2FAs and system-level checks complete.
PI Token Challenges
Despite recent updates, the value of the native token continues to decline. PI has lost 4% in the last 24 hours, dropping to $0.77 on CoinGecko. This marks a 23% decrease over the week and more than 65% in the past month. Once ranked among the top 10 altcoins by market cap, PI has now fallen to the 30th spot and risks dropping out of this group.
Community's Optimistic Expectations
Nevertheless, the Pi Network community remains optimistic, frequently posting updates with predictions that have yet to materialize.
Thus, Pi Network is taking steps to enhance security with the introduction of two-factor authentication, despite the ongoing token challenges. The project's community remains hopeful for positive changes soon.
