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Just two hours ago, Stellar Network successfully tested its Version 22 Protocol, marking another leap forward in blockchain innovation. The standout achievement? Transactions on Stellar now incur a base fee of just 100 Stroops (1 Stroop = 0.000001 XLM), cementing its reputation as a blockchain platform designed for speed, efficiency, and affordability.

This breakthrough has sparked enthusiasm within the Pi Network community, which is gearing up for the much-anticipated launch of its Open Network by December 2024. The idea of Pi Network introducing similarly low gas fees—perhaps as low as 0.00001 π or even 0.000001 π—has captured the imagination of blockchain enthusiasts worldwide.

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Why Low Gas Fees Matter

Low transaction fees are more than just a technical advantage; they are a gateway to financial inclusion. By reducing the cost of blockchain transactions, platforms like Stellar and Pi Network make decentralized financial systems accessible to a broader audience, including those underserved by traditional banking systems.

For Pi Network, this aligns perfectly with its mission to create a decentralized, user-friendly blockchain ecosystem that anyone can join. As the world increasingly shifts toward digital currencies, platforms that prioritize affordability and accessibility are likely to emerge as industry leaders.

Staying on Track for Open Network

The success of Stellar’s latest protocol test is not just an isolated milestone; it is a beacon of inspiration for Pi Network. With a growing ecosystem, regular technological updates, and strong support from a global community of pioneers, Pi Network appears well-positioned to achieve its ambitious goals. The December 2024 launch of its Open Network is expected to be a transformative event in the blockchain industry.

To ensure the network is ready, Pi Network has been rigorously testing its applications and strengthening its infrastructure. The platform’s focus on delivering a seamless, efficient, and user-centric experience underscores its commitment to setting new benchmarks in blockchain technology.

A New Era of Blockchain Collaboration

Stellar’s and Pi Network’s developments hint at a broader trend: the increasing potential for collaboration between blockchain protocols. Such synergy could pave the way for a more interconnected, decentralized, and efficient financial ecosystem. As blockchain technology matures, these collaborations are likely to play a pivotal role in shaping its future.

For Pi Network, achieving ultra-low gas fees on its Open Network would be a game-changer. It would not only enhance the network's competitiveness but also solidify its reputation as a blockchain designed for the masses.

Looking Ahead

The blockchain industry is at a crossroads, with platforms like Pi Network and Stellar leading the charge toward a future defined by innovation, efficiency, and inclusivity. As we approach the end of 2024, all eyes are on Pi Network’s Open Network launch and the possibilities it promises.

Optimism abounds within the Pi Network community. With the right blend of technology, vision, and community-driven effort, the platform is poised to make history.

Stay tuned—the blockchain revolution is just getting started, and Pi Network is ready to shine as one of its brightest stars.

Two hour ago,the Version 22 Protocol test on the Stellar Network was successfully carried out.Each transaction is only subject to a base fee of 100 Stroop (1 Stroop = 0.000001 XLM)..It would be beautiful to see the gas fee become 0.00001 π or 0.000001 π when Open Network..… pic.twitter.com/c4gXnMnmgj

— Dimas Nawawi (@2000Rocker) November 28, 2024

Source: X

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HokaNews Launches New Telegram Channel for Latest Airdrops

HokaNews has officially launched its new Telegram channel, HokaNews Airdrop, designed to provide the latest updates on airdrops and collaborative earning opportunities. The channel aims to keep the community informed and engaged without charging any fees.

It is important to note that HokaNews does not solicit payments for airdrop information or access. The only official channel for HokaNews is named HokaNews Airdrop, accessible via the following link: https://t.me/hokanewsAirdrop. Any claims of payment requests from individuals purporting to represent HokaNews are fraudulent.

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Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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The articles published on hokaNews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

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