Key speakers:

Dr. Chengdiao Fan discussing AI and blockchain utility. and Dr. Nicolas Kokkalis on digital identity, scheduled for May 7, from 10:15 to 10:45 AM EDT.

Pi Network has over 18 million KYC-verified users across more than 200 countries. This user base demonstrates the platform’s commitment to identity verification in the blockchain space.

The upcoming upgrade, known as Protocol 23, introduces smart contracts to the network. The deadline for this upgrade is set for May 11, 2026. Currently, Pi Network has more than 10 billion PI tokens active on chain.

Event statistics:

Consensus 2026 will host over 20,000 in-person attendees . and The event will provide a platform for discussions on AI applications and their integration with blockchain technology.

This initiative follows earlier concerns about delays in Pi Network’s development. However, the recent advancements signal a robust future as the network aligns with Web3 principles.

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The Pi Network is entering its second migration phase with the mandatory Protocol 21 upgrade, which requires all mainnet node operators to upgrade their software to version 21.2 by April 6, 2026. Missing this deadline will disconnect nodes from the network, prompting urgent action from Pi enthusiasts.

Protocol 21 is significant as it lays the foundation for future developments, including smart contracts and decentralized finance (DeFi) features. The upgrade is seen as a crucial step towards enhancing network stability and improving node efficiency.

As of early 2026, the Pi Network has achieved notable milestones, with 17.5 million users having completed KYC verification. This reflects the growing engagement within the community, which has been a focal point since the network’s inception.

The native token of the Pi Network is currently trading at approximately $0.174, which is 78% below its all-time high. Despite this, the network maintains a maximum supply of 100 billion tokens, with 65% allocated for community mining rewards.

Following the Protocol 21 upgrade, the Pi Network has scheduled additional updates, including Protocol 22.1 on April 22 and Protocol 23.0 on May 18, indicating a proactive approach to development.

“All mainnet node operators must upgrade their software to version 21.2 before the April 6 deadline,” a spokesperson noted, emphasizing the importance of timely action. “Missing this deadline will disconnect nodes, so Pi enthusiasts are urged to act promptly.”

Pi Network framed Protocol 21 as a base layer for future features rather than a full feature release, suggesting that users can expect ongoing enhancements and innovations.

Founded by Stanford alumni in March 2019, the Pi Network aims to make cryptocurrency more accessible through its mobile mining app, which has attracted millions of users worldwide.

As the deadline approaches, the community’s response has been largely positive, with many expressing optimism about the future capabilities of the network. However, details remain unconfirmed regarding the specific functionalities that will be introduced with the upcoming upgrades.

Overall, the Pi Network continues to evolve, positioning itself as a significant player in the cryptocurrency landscape as it prepares for the next phase of its development.

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