Pi Squared, a company developing an infinitely scalable network for internet-speed payments, has just launched its new Devnet 2.0. This major upgrade to their FastSet protocol aims to deliver transactions as fast as the internet allows, with no fees and guaranteed verifiability.
With this launch, Pi Squared is working towards a future where payments happen instantly. Devnet 2.0 marks a key step in achieving this goal. The new version boasts improved infrastructure, new developer tools, and enhanced ecosystem, all designed to make building on FastSet seamless.
Key features of the launch include:
* **Increased TPS:** Devnet 2.0 already reaches 150,000 transactions per second (TPS) with sub-100ms finality, and aims for one million TPS by mainnet in 2026.
* **Parallel Processing:** FastSet processes transactions in parallel instead of the sequential order used by traditional blockchains. This allows for much faster transaction times.
* **Omniset and OmniSwap:** Two flagship DeFi applications are launching on Devnet 2.0: OmniSet acts as a universal liquidity layer, connecting fragmented blockchain liquidity into a single verifiable layer, while OmniSwap aggregates decentralized exchanges across networks to execute cross-chain swaps in trustlessly and at lightning speed.
* **Block Verification Explorer:** The new Devnet 2.0 includes a Block Verification Explorer for real-time verification of EVM blocks, offering a glimpse into FastSet’s potential use cases. Features include applications from Pulsar Money, JoAi, and AI Nexus.
“The future of payments demands more than what blockchains can deliver,” says Grigore Roșu, founder and CEO of Pi Squared. “With theoretically uncapped TPS, sub-100ms finality, and verifiability by design, Pi Squared is ready to power global payments and financial systems at scale. The launch of Devnet 2.0 represents the latest milestone in our mission to deliver on one of the biggest promises of Web3, enabling p2p payments to move as fast as the internet.”
Developers are invited to experience Devnet 2.0 starting November 5th at https://pi2.network/devnet.