Important Pi Network News and PI Price Update: September 22

The team behind Pi Network supposedly completed another major ecosystem development, while the broader cryptocurrency market has been booming lately. Despite these positive developments, PI remains deep in the red on a weekly basis.

The Latest Ecosystem Advancement Pi Network began the long process of protocol updates at the start of the year and first implemented version 19.6. Many others followed suit, including v20.2, which laid the foundation for smart contract capabilities.

During the summer months, it unveiled versions 25 and 26, which actually came after their initial deadlines.

The last technical update from that list is protocol v27, which was supposed to add more flexible and secure smart-contract authentication and should have been deployed on September 15.