Pi Network Holds Up After Mainnet Upgrade Adds Smart Contract Functionality

According to crypto.news, Pi Network’s price resisted broader market weakness after a mainnet upgrade introduced smart contracts (self-executing blockchain code) to its ecosystem.

PI

Summary

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Terms & Concepts
  • Mainnet: A live blockchain network where real transactions are executed, as opposed to a test environment.
  • Smart contracts: Self-executing blockchain code that automatically carries out agreed actions when preset conditions are met.
  • Pi Network: A cryptocurrency project and blockchain ecosystem whose native token is PI.