The Core Team behind the Pi Network has announced a pivotal update concerning the Pi Node, which is now upgraded to version 0.5.4. This release introduces several enhancements aimed at improving the overall user experience, particularly for the Pi Desktop application.

Currently, the PI token remains just above the $0.20 mark as the market experiences uncertainty.

Highlights of the Pi Node Version 0.5.4

The update aims to increase reliability, improve accessibility, and enhance the calculation of Node rewards. It also addresses issues highlighted by the Pioneer community. For instance, a display problem with the Pi App Studio has been resolved, which previously hindered the correct preview of deployed apps.

Additionally, the application now referred to as Pi Desktop, permits users to open validated external links, which will facilitate better access to blog posts and updates directly supported through the app. This feature is expected to reduce the risk of interruptions when engaging with external content versus the app’s internal resources.

Moreover, multiple reported bugs from previous versions, including issues with Node mining rewards and updates, have been rectified. The team has also introduced a new system that verifies open ports on users’ Nodes, aiming for more precise and secure calculations of Node bonuses. As stated in the update:

“The Node now includes an improved system for tracking open ports on Pioneers’ Nodes. This update allows for more reliable and secure Node bonus calculations. It’s also an essential step towards the larger goal of enabling the migration of Node mining rewards.”

PI Price Trends

The PI token saw a rebound late last month, rising from about $0.20 to nearly $0.30; however, this increase was short-lived as market corrections took effect. Presently, PI hovers around $0.22, signifying a 26% increase from last month’s all-time low but still trailing 93% behind its peak in February.

In the upcoming month, approximately 4.5 million PI tokens are anticipated to be unlocked, potentially increasing selling pressures if investors opt to liquidate quickly.

Pi Token Unlock Schedule
Source: PiScan