Share the article:
Pi Network V23 smart contract enhancements enable Pi DEX, liquidity pools, and decentralized application (dApp) development, increasing the utility of DeFi.
Article content
Estimated reading time: 6 minut
Audio and video overview [Czech]
Audio and video overview [English]
Quick Summary
- The V23 update introduces smart contracts that enable Pi DEX and liquidity pools for decentralized trading and rewards.
- The Pi 2025 Hackathon attracted 173 decentralized applications with a deadline of October 15th, competing for prizes totaling 160,000 Pi units.
- To ensure network security and user identity, an advanced KYC system with photo identification and facial recognition is in place.
- These updates aim to build a secure, more user-friendly, and functional digital economy ahead of the full mainnet launch.
V23 protocol update
Pi Network is preparing for a major update to its V23 protocol.
It is putting smart contracts at the forefront of its ecosystem. This update is crucial as all Pi applications rely on V23 to fully function. Developers are actively meeting with the core team every week to ensure a smooth implementation. Once V23 is launched, users will have access to Pi DEX and liquidity pools. This will make decentralized trading and earning rewards easier and more profitable. Unlike centralized exchanges, these features allow users to keep their Pi tokens in the ecosystem while benefiting from trading and liquidity incentives.
Without V23: Smart contracts
All Pi apps are incomplete and developers will meet with CT every week. Don't worry!
Wait patiently for V23. Pi DEX and liquidity pools, you don't have to take your Pi to CEX, but your first choice is DEX or liquidity pools to get more rewards. CEX will have more demand for Pi.
Pi DEX and liquidity funds
With the V23 update, Pi Network is emphasizing decentralized finance through its DEX and liquidity pools. Users will no longer need to transfer their Pi tokens to external exchanges for trading. Instead, DEX and liquidity pools provide the first-choice platform for maximizing rewards. The goal of this move is to strengthen the internal economy of Pi Network while offering higher incentives for active participants.
The update is expected to increase demand for Pi as users increasingly prefer on-chain solutions, which offer greater control and flexibility over their tokens.
Hackathon moment
Also Pi Hackathon 2025 is generating great enthusiasm. The deadline for submitting proposals is approaching – October 15th.
The event has already attracted 173 decentralized applications (dApps), with 73 added recently.
This reflects the rapid growth of the Pi Network ecosystem. Participants compete for a share of 160,000 Pi prizes. It encourages innovation and creativity within the network.
Hackathons like this not only highlight the technological advancements of the project, but also engage the community in shaping the future of the Pi Network. Support for V23 smart contracts allows these dApps to leverage more complex features. It offers a better user experience and more robust applications.
KYC and network security
Security remains a top priority for Pi Network. The project uses advanced KYC system.
It combines photo identity verification with facial recognition to ensure that all users are authentic. This AI-driven process protects the millions of Pi Network users while maintaining privacy. Personal data is encrypted and managed exclusively by users, preventing unauthorized access.
Multi-layered security measures protect Pi Network transactions and wallets from fraud. A strong emphasis on identity verification and digital trust ensures that the ecosystem remains secure.
This is necessary as the network nears a full mainnet launch.
Building a trustworthy digital economy
By combination smart contracts V23, decentralized trading platforms, and strict KYC protocols, the Pi network is positioning itself as a secure and user-friendly digital economy.
Verified and active users contribute to a more reliable network. It promotes trust in transactions and community growth.
Pi Network is preparing for mainnet and continues to expand its offerings. These updates underscore the project’s commitment to transparency, security, and decentralization.
Pioneers can expect a stronger and more functional network that rewards participation while ensuring security and reliability across all operations.
Conclusion
The upcoming launch of V23, combined with the hackathon and enhanced security measures, represents a pivotal moment for Pi Network. It demonstrates the project’s commitment to building a robust, decentralized ecosystem. These users remain in control and actively participate. They benefit from an increasingly sophisticated blockchain environment.
Related articles …
PiNetwork
Pi Network Announcement
PiNetwork is a blockchain-based cryptocurrency project that aims to allow users to mine coins Pi using smartphones. The project aims to promote the adoption of cryptocurrencies.
The project was launched by doctoral students at Stanford University in 2019. PiNetwork offers users a simple and environmentally friendly way of mining Pi coins by simply opening the app and pressing a button once a day.
One of the features of the Pi network is that users can increase mining speed by expanding their network. Pi Network also aims to increase the value Pi coins by allowing users to create and use web applications on the platform Pi.
PiNetwork is currently launching its mainnet. To to Pi Network To join, you must download the mobile app and enter an invitation code. PiNetwork is an innovative project that aims to pave the way for the future of cryptocurrencies.
How to participate in Pi Network
If you are not a member of the Pi Network, you can get started in 5 minutes by clicking here link. By registering using my referral code jwkkbiz we can earn Pi both. Pi Network is an application that allows you to easily mine the cryptocurrency "Pi" on your smartphone. By pressing a button once a day, you start mining for 24 hours, even if you leave your phone idle. In 2024, I mined 360 days a year, and those who accepted the invitation received many benefits. If you register using a referral code jwkkbiz, you will get a 25% increase in mining speed.
After 30 minings you will pass KYC (Know Your Credit), so remember to enter your real name when registering. If you register incorrectly, you will lose 20% as a penalty.
For more detailed information and reasons for registration, please see here.
You might also like:
- Free shares worth up to €100 on Trading 212
- Pi Network and “$314,159 Value”: The Biggest Hoax in the Project’s History
- Where to watch, listen and read PiBazar.eu externally
- Do you want to win €25?
- Latest Pi Network News – September 2025: Payochain, v23 Protocol, Fast Track KYC, and Strategic Partnerships
- Pi Network: What's Next? For Advanced Pioneers
- PiNet: Connecting the World of Web2 and Web3
- Pi Network Founder, Chengdiao Fan, Confirmed as Speaker at Upcoming TOKEN2049 Conference
Leave a reply