The Stellar Protocol 23 upgrade aims to enhance Pi Network's technology base. However, experts believe its impact on price will be limited in the short term.
Stellar Protocol 23 Upgrade
The Stellar Protocol 23 upgrade, developed by the Stellar Development Foundation, is set to integrate Soroban smart contracts, which is expected to improve transaction speed and scalability. Pi Network, leveraging Stellar Core, may benefit from this update.
Technical Improvements for Pi Network
Dr. Altcoin, Community Analyst at Pi Network, noted that Stellar Protocol 23 may enhance Pi Network's appeal to traders due to its technological synergy. He stated, "This [Protocol 23] upgrade is likely to improve Pi Network’s appeal among traders given its technological connections to Stellar."
Future Market and Liquidity
Current market sentiments around Pi Network remain bearish, necessitating improvements in conditions for broader adoption and increased liquidity. While the upgrade is significant, its financial impact will rely on actual market usage and developer engagement.
Thus, the Stellar Protocol 23 upgrade represents an important step in the development of Pi Network, but its influence on price and the market will depend on future adoption of technologies and liquidity.
