Blockchain Pi and Stellar Protocol Update: Heading towards Alignment with V20 - hokanews

 

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Blockchain Pi and Stellar Protocol Update: Heading towards Alignment with V20 - hokanews 


hokanews.com - In the ever-evolving realm of blockchain technology, the shift to Stellar Protocol V20 marks a significant wave of transformation. Anticipating the new landscape, Blockchain Pi, a system entrenched within the Stellar protocol, is proactively preparing critical steps to move in tandem with these innovations.


Stellar, a network platform facilitating asset exchange, has announced requirements for changes in Anchors, which act as intermediaries between the blockchain and real-world assets. As outlined in Stellar Protocol V20, Anchors are expected to upgrade their Compliance Authorization Protocols (CAPs) and Stellar Ecosystem Proposals (SEPs) before January 30, 2024. The primary aim is to ensure optimal alignment with V20, thereby minimizing the risk of errors when the final Stellar Core Mainnet version is launched.


Blockchain Pi, holding a pivotal role, is embracing change alongside the evolution of the Stellar Protocol. Despite currently operating on version V18, the Pi core team ensures a swift and efficient plan to upgrade their protocol to V20 before the official launch of Pi Open Mainnet. This is prompted by the limitations separating Pi and its integrated Anchors, which currently cannot connect via SDK-Pi to utilize Pi Coin.


A clear illustration of this is the visible connection between Binance Anchor and the Pi Blockchain through Stellar data. However, the integration of Pi Wallet with the Binance exchange is still hindered by the firewall isolation within Pi's Mainnet. Enthusiasm among Pi users is growing as Stellar's official announcement regarding the preparation for Pre Mainnet V20 on its future version surfaces.


As Stellar charts its course towards the Pre Mainnet V20 transition, Blockchain Pi swiftly adapts. The Blockchain Pi core team, fully committed to following the trajectory of Stellar Protocol's evolution, affirms their readiness to adapt to changes and swiftly upgrade the system. We eagerly await further news from Blockchain Pi's data.


Both ecosystems, Stellar and Blockchain Pi, are integral parts of the rapidly evolving blockchain landscape. With ongoing changes, they bring hope for innovation, better interconnectivity, and new possibilities in the realms of digital economies and payment streams.


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