Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
    ExclusiveShow More
    Is ‘Paul Le Roux’ Really Satoshi Nakamoto What the Record Actually Shows
    Is ‘Paul Le Roux’ Really Satoshi Nakamoto? What the Record Actually Shows
    Bitget exchange coin token set in front of a blurred FTX building backdrop.
    Is Bitget the Next FTX? What the $351.6 Million Hack Does and Doesn’t Have in Common
    Gold Bitcoin BTC coin standing vertically in front of a rising green financial candlestick chart
    Inside Bitcoin’s September 2026 Rally: BTC Reclaiming $87K, $2B in ETF Inflows and a Short Squeeze
    CLARITY Act Fails 49-50 in US Senate as SEC & CFTC Move Ahead on Crypto Rules Within 48 Hours
    CLARITY Act Fails 49-50 in US Senate as SEC & CFTC Move Ahead on Crypto Rules Within 48 Hours
    Illustrated collage featuring diverse people surrounded by crypto symbols and a corporate boardroom backdrop.
    Quiet Racism in Crypto Gets “Obvious” During Circle’s Arc Mainnet Launch
  • Opinion
    OpinionShow More
    Comparison of Bybit 12-hour, Bitget 85-hour, and WazirX 463-day response timers
    Bitget, Bybit Paid in Hours; WazirX Lost Least in Hacks at $235M, Held Users Hostage for 463 Days
    Jackson Hole 2026: Crypto Is No Longer Outside the Fed’s Door
    Jackson Hole 2026: Crypto Is No Longer Outside the Fed’s Door
    The Architecture of Trust Same Routes, New Risks in Global Tokenisation
    The Architecture of Trust: Same Routes, New Risks in Global Tokenisation
    The Architecture of Trust What 4,000 Years of Trade Teach Us About RWA Tokenisation
    The Architecture of Trust: What 4,000 Years of Trade Teach Us About RWA Tokenisation
    One P2P Trade, Months of Limbo Why Innocent Indian Crypto Users Keep Paying the Price
    One P2P Trade, Months of Limbo: Why Innocent Indian Crypto Users Keep Paying the Price
  • Learn
    • Explained
    • How To
    • Insights
  • IndicesNew
    • India USDT Premium Index
    • India USDC Premium Index
  • Videos
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • Daily Crypto Puzzles
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • IndicesNew
    • India USDT Premium Index
    • India USDC Premium Index
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
    • Daily Crypto Puzzles
  • Videos
  • Glossary
Follow US
© 2026 By Crypto Times. All Rights Reserved.
Blockchain News

Pi Network Sets May 15 Deadline for Protocol 23 Node Upgrade

The Pi Core Team issues a mandate for node operators to upgrade to Protocol 23, unlocking smart contracts and Web3 readiness as the mainnet scales.

Written By Kenrodgers Fabian
Fact Checked by Divya Mistry
Published 2026-05-02
Make The Crypto Times preferred on GoogleGoogle
Pi Network Sets May 15 Deadline for Protocol 23 Node Upgrade
Show AI Summary
Technical limitations of prior protocols necessitated the mandatory mainnet upgrade to Protocol 23.
Inadequate node updates could lead to lost mainnet connections, prompting the May 15 deadline for node operators.
Pi Network’s consensus design, based on the Stellar Consensus Protocol, relies on trusted quorums to validate transactions.

Pi Network has given node operators until May 15 to complete a mandatory mainnet upgrade, a move aimed at keeping the blockchain network stable as participation grows. In a recent update, the Pi Core Team said the network is moving to Protocol 23 and warned that nodes failing to update before the deadline could lose connection to the mainnet.

The team further highlighted that the update might take more time than earlier updates and hence advised the operators to initiate the process well ahead of time. Node operators have been advised to back up their volumes and initiate the process well ahead of time to avoid last-minute disruptions.

The Pi Mainnet is upgrading to Protocol 23 – Deadline: May 15.

All Mainnet nodes are required to complete this step before the deadline to remain connected to the network. This upgrade takes longer to complete, so plan accordingly.

Details here: https://t.co/9VehO7hhj1

— Pi Network (@PiCoreTeam) May 2, 2026

Node system and consensus design

Nodes aid in verifying transactions and ensuring that the network database is kept up-to-date and accurate. While Bitcoin involves energy-consuming mining to validate transactions, Pi Network applies the Stellar Consensus Protocol for reaching consensus among the nodes regarding transaction data.

Accordingly, every node in this protocol is dependent on tiny quorums of trusted members, referred to as quorum slices, for verifying transactions. A node will only consider information when the trusted quorums have approved it, thus enabling consensus without massive computational resources.

Mobile users also contribute through what are called security circles. These are simple trust links between users that help build a broader network of connections. Over time, these links form a wider trust structure across the system.

The network also allows users to run nodes on regular personal computers. A desktop application lets them switch node operations on or off, lowering the technical barrier for participation and making it accessible to more users.

Upgrade timeline and network growth

The Protocol 23 upgrade comes after a series of recent changes to the network. Earlier updates, including Protocol 22, were completed without major disruptions or transaction failures. The development team is already working on the next phase, Protocol 26, which is expected in the coming months.

Pi Network continues to grow as well. Over 10 billion tokens have already been transferred into the mainnet. In addition, there are over 421,000 nodes actively connected to the network, as well as over one million CPUs performing computations. 

On the level of applications, the activity of the mainnet has also grown. There are now live transactions being processed on the platform. Developers are working on testing other use cases of the blockchain, for example, decentralized AI services on top of its infrastructure.

Also Read: Trump’s WLFI Under Fire: $550M Raised, Investors Trapped as 5.9B Tokens Sold

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News

Daily Crypto Puzzles
Tickerdle Tickerdle Crypto Connections Crypto Connections Crypto Crossword Crypto Crossword
TAGGED:Pi Network
Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link

Daily Crypto Puzzles

Tickerdle crypto game Tickerdle Crypto Connections game Crypto Connections Crypto Crossword game Crypto Crossword

Latest News

ESMA Proposes Tougher MiCA Rules for Crypto Marketing and DeFi
ESMA Proposes Tougher MiCA Rules for Crypto Marketing and DeFi 
Open Standard Debuts OUSD Stablecoin Across Base, Ethereum, Solana
Open Standard Debuts OUSD Stablecoin Across Base, Ethereum, Solana
Official Commodity Futures Trading Commission (CFTC) seal mounted on a red brick wall.
CFTC Secures $31 Million Default Judgment in Digital Assets Fraud Case
Physical Bitcoin and Ethereum coins with the Singapore flag and Marina Bay Sands skyline in the background.
Singapore Crypto Activity Rises 55% as Institutional Activity Surges 94%
Commodity Futures Trading Commission (CFTC) 3D wall sign displaying the agency acronym and full title.
CFTC Sends Event Contract Swap Rules to White House for Review

Find Us on Socials

You may also like

Zcash Developers Merge Udon Into Zakura Common in Broader Scaling Efforts

Zcash Developers Merge Udon Into Zakura Common in Broader Scaling Efforts

Physical gold Bitcoin coin standing on network security schematics next to a laptop displaying node locks.

Researchers Propose “Shielded Bitcoin” for Private L1 Transfers

Transparent glass blocks displaying the Infosys and Chainlink logos side by side against a city skyline.

Infosys and Chainlink Explore Blockchain Infrastructure for Finance 

The ZetaChain logo and name displayed in white against a green grid background.

ZetaChain Holders Approve Plan to Shut Down Layer 1 and Move ZETA to Solana

The Crypto Times Logo PNG

News

All News
Market News
Bitcoin News
Ethereum News
Altcoin News
Regulations & Policies
DeFi News
Blockchain News
Industry News

Sections

Exclusive
Opinions
Learn
Insights
Videos
Glossary

India Premium Indices

Stablecoins
USDT
USDC

Play

Daily Crypto Puzzles
Tickerdle
Crypto Connections
Crypto Crossword

Company

About Us
Our Authors
Masthead
Editorial Policy
AI Policy
Advertorial Policy
Contact Us
Career

Follow Us

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information