The roadmap for the Pi Network v23 protocol upgrade has been fully revealed! The launch of Linux nodes and the listing of Valour Pi ETP in Sweden ignite expectations for the Mainnet.

Pi Network officially released the v23 protocol upgrade roadmap, with key breakthroughs including directly embedding KYC permissions into the underlying Blockchain and the first launch of Linux Nodes for full platform support. At the same time, Valour Pi ETP is listed and traded on the Swedish exchange (currently at 0.3455 USD), coupled with the on-chain transfer of 550 million PI coins, sparking heated discussions in the community about the upcoming Mainnet launch and Coinbase listing. This article deeply analyzes the impact of the technical upgrade path and compliance process on the long-term value of Pi coin.

▌v23 Protocol Upgrade Core: Embedded KYC and Three-Phase Deployment Plan

According to the official blog, Pi Network will upgrade from the current v19 protocol to v23, with significant changes including:

• Identity Verification Revolution: Directly embedding KYC authoritative nodes into the Blockchain architecture, compliant with the new ERC-3643 tokenized identity standard.

• Phased deployment: Starting from Testnet1 this week, gradually advancing to Testnet2, and ultimately covering the Mainnet.

-Compatibility Reminder: During the upgrade, centralized exchanges (CEX) may experience temporary service interruptions, and the team will issue a warning in advance.

▌Infrastructure Milestone: Linux Node Finally Online

After Mac and Windows, Pi Network officially releases the Linux Node version:

• Provide standardized Linux support for developers and node operators, eliminating the need for custom builds.

-Service providers can achieve automatic protocol updates, significantly improving network maintenance efficiency.

• Based on the Stellar underlying architecture, synchronized upgrade to version v23 (Stellar completed a similar upgrade on August 28).

▌Compliance Breakthrough: Valour Pi ETP Listed on the Swedish Mainnet Market

(Valour Pi ETP Daily Chart | Source: Nordnet)

The Pi ETP issued by Valour, a subsidiary of PiDeFi Technologies, has been listed on the Swedish Spotlight Stock Exchange:

-Priced in Swedish Krona, with an annual management fee of 1.9%, providing a compliance investment channel for traditional brokerage accounts.

• The current trading average price is $0.3455, which helps European investors avoid restrictions on cryptocurrency exchanges.

• marks the first integration of the Pi ecosystem into the traditional financial product system.

▌On-chain fluctuations and listing speculation: 550 million PI transferred ignites the community

A large-scale asset flow occurred on-chain just before the upgrade:

-Pi Foundation wallet continuously transferred 550 million PI tokens

• The community speculates that it may be related to the migration of Mainnet assets or the preparation of the exchange cold wallet.

• Previous Pi hackathon winners hinted that Coinbase may soon list PI, though it has not been officially confirmed, it has sparked market anticipation.

▌PI coin price analysis: ETP premium and Mainnet expectations support valuation

Despite the limited fluctuations in the current Pi futures market quotes, multiple positive factors are providing support:

-ETP listing provides institutional funding access, alleviating retail selling pressure.

-v23 upgrade embedded KYC to address regulatory Compliance pain points and clear obstacles for the Mainnet

• If the Mainnet launches as scheduled, the demand for locked positions within the ecosystem may lead to a supply tightening.

▌Conclusion

Pi Network is accelerating its transformation from a mobile mining project to a compliant Blockchain ecosystem through dual tracks of technological upgrades and financial products. It is recommended that the community focus on the stability of the testnet upgrade in September and the dynamics of mainstream exchanges. The successful deployment of the v23 protocol may ultimately trigger the launch of the Mainnet and the process of value discovery.