Pi Network has announced a significant update – Version 23 – that will introduce new functionality and address challenges with user verification. The upgrade, based on Stellar v23, aims to bolster security by allowing third-party KYC solutions in addition to Pi’s own solution. This promises increased decentralization and faster verification processes for users who have faced difficulties in the past. The phased rollout of Version 23 could lead to brief network outages, but the team is committed to informing the community well in advance. Despite recent protocol upgrades, including Linux Node Services, the PI token continues to struggle. It has experienced notable dips and a loss in value over time, with the price currently below $0.35, though showing some recovery.