The Pi Network has released version 0.5.4 of the Node with improvements in
performance and fixes for reward issues.
The main network showed only 296 active nodes and three validators, despite claims of participation in OpenMind.
The value of the PI token has dropped by almost 13% over the past week, as developers expressed frustration with the progress.
The Pi Network released version 0.5.4 of the Pi Node platform, improving performance, enhanced reward calculations, and improved user experience features. Despite these technical advancements, the ecosystem faces challenges including decreased mainnet activity and waning developer confidence.
The Pi Core team announced the release on November 6, renaming the app to 'Pi Desktop' to reflect its expanded functionalities. Users can now access the node, mining application, and Pi App Studio through a unified interface. The update addresses issues reported by the community regarding node mining rewards, automatic updates, and block container creation.
New features expand desktop capabilities
This release introduces a new system for verifying open ports to ensure the accuracy of Node reward calculations. Pi Desktop now allows approved external links, enabling users to access blogs and resources directly from the mining app and Pi App Studio. These enhancements collectively improve performance and user experience for Node operators.
The team stated: 'As announced in the latest update, Pi App Studio can now be accessed directly from the top navigation bar in Pi Desktop, alongside the mining app and Pi.' The update resolved an issue in App Studio display where created applications did not show previews correctly.
This release is based on the OpenMind experimental project that demonstrated the ability of the Pi Network to train decentralized artificial intelligence. OpenMind reported the participation of over 350,000 active nodes in the proof-of-concept test, completing image recognition workloads. This partnership represents the first investment by Pi Network Ventures, indicating a shift towards real-world blockchain applications.
However, this progress contrasts with the current on-chain network activity. Despite OpenMind's claims of widespread participation, PiScan data shows only 296 active main nodes and three validators currently operating.
Developer dissatisfaction is on the rise
Developers have expressed their dissatisfaction with the network's progress. WorkforcePool, the first winner of the Pi Network hackathon and a decentralized freelance marketplace, announced its launch for sale. This has sparked criticism from developers, citing high operating costs, lack of team support, and slow ecosystem development.
The Pi Network launched its open network in February with the aim of improving accessibility and supporting the development of decentralized applications. However, the pace of application development and mainnet migration has disappointed stakeholders, contributing to community member frustration.
Price performance has increased challenges for the Pi Network. Following the initial excitement, the Pi Coin has continued to show weakness. While the value of PI briefly rose in late October, it subsequently decreased shortly after. The cryptocurrency has fallen by approximately 10% over the past week, raising concerns about the viability of the ecosystem
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