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Pi Network continues to make strides toward its ambitious goal of decentralization with the release of Pi Node Version 0.5.0. This update represents a critical milestone as the network prepares its 200,000+ Nodes for the Mainnet transition.&nbsp; 
With this <a href="https://minepi.com/blog/node-version-0-5-0/" target="_blank" rel="noreferrer noopener">upgrade</a>, Pi Nodes will shift to Testnet2, an advanced blockchain designed to simulate the conditions of Mainnet, ensuring a smoother transition for Node operators when the Mainnet launches. 
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Testnet2 is a testing ground for Nodes to switch between blockchains seamlessly. While Node operators can still use the original Testnet for now, it will soon be closed for Node usage.&nbsp; 
Importantly, Pi app developers and Pioneers won’t face any interruptions, as the original Testnet will continue to function without the need for adjustments, preserving the stability and performance of apps within the ecosystem. This update allows Pi Network to reset Testnet2 more easily without affecting apps or Pioneers. 
Node operators who haven’t yet updated to Version 0.5.0 are encouraged to do so to ensure they’re prepared for the Mainnet. This update is not just about blockchain transitions; it’s a key move towards Pi Network’s Open Network, slated for 2024.&nbsp; 
The Pi Nodes are vital to the decentralized infrastructure, similar to how Bitcoin and Ethereum Nodes power their respective blockchains. With over 200,000 active Nodes, Pi Network is well-positioned to unlock the true potential of its decentralized future. 
The Pi ecosystem is becoming increasingly cross-compatible, ready to replace traditional exchanges, and setting the stage for global decentralization. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
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Pi Network Launches Node Version 0.5.0, Mainnet Prep Begins

The Crypto Times

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