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Pi Testnet Launches Subscriptions as Its First Smart Contract Feature

According to the announcement, Pi Testnet has enabled subscriptions to support recurring utility use cases such as e-commerce and streaming.

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Summary

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Terms & Concepts
  • Testnet: A blockchain testing network where developers trial features before potential deployment on a live mainnet.
  • Smart contract (self-executing blockchain code): Programmable code on a blockchain that automatically carries out predefined actions when conditions are met.
  • Subscriptions: A recurring payment model that can be handled onchain to support repeated access to services such as streaming or online commerce.