Pi [IOU]

The Pi Network has rolled out a significant update by introducing Testnet 2, a new layer designed to streamline the transition to the much-anticipated Open Network. This development aims to enhance testing capabilities and prepare node operators to shift to the Mainnet. 
Testnet 2 allows nodes to seamlessly switch between Testnet and Mainnet, offering a flexible environment for operators to test the network’s performance and compatibility with upcoming features. Initially, a selected group of nodes will be assigned to Testnet 2 to ensure optimized functionality and gather feedback. 
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One of the key improvements in this new version is the reduction of transaction fees, now set at just 0.0000099 Pi. This lowered fee structure gives the Pi community a clearer perspective on the potential value of the Pi cryptocurrency as it moves closer to full decentralization. The block <a href="https://blockexplorer.minepi.com/testnet2/block/2" target="_blank" rel="noreferrer noopener nofollow">creation</a> for Testnet 2 started today at 12:05 AM. 
As Pi Network takes another step forward, Testnet 2 is expected to be crucial in ensuring a smooth and secure transition for all participants before the official Mainnet launch. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/05/pi-networks-15b-funding-whats-really-going-on/" target="_blank" rel="noreferrer noopener">Pi Network’s $15B Funding: What’s Really Going On?</a> 
</blockquote>

Pi Network Introduces Testnet 2, Prepares for Mainnet

The Crypto Times

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