Crypto News Today: Pi Coin Utility Expands as Pi Network Rolls Out App Studio Upgrade

Pi Network upgrades Pi App Studio with AI tools and staking features to expand Pi Coin utility and support app development.

Pi Network has launched a major upgrade to its Pi App Studio, aiming to expand Pi Coin’s utility and improve the creation of applications. The update includes AI-assisted tools for developers and new features that help users explore, vote, and support apps within the network.

Enhanced Features in Pi App Studio for Developers and Users

The upgraded Pi App Studio can now be accessed directly from the top navigation bar on Pi Desktop. This makes it easier for developers to find and use the tools. A key addition is the AI-assisted creation suite, which gives developers more flexibility when building and customizing applications.

The update also introduces a staking-enabled discovery hub. Users can explore apps, vote for their favorites, and stake Pi coins to support promising projects. Developers can categorize their apps to improve navigation, making it simpler for users to find relevant applications.

Integration With Testnet and User Verification Systems

This App Studio upgrade follows other developments within the Pi Network. Earlier in the month, the platform added a decentralized exchange (DEX) and an automated market maker (AMM) to its Testnet. These tools allow developers to safely test token trading and liquidity pooling.

Additionally, Pi Network introduced a Fast Track KYC system. This aims to speed up user verification and address issues with claiming tokens. The system makes the onboarding process smoother for new users while supporting the growing ecosystem.

Expert Opinions on Pi Coin and Network Development

Pi expert Mr. Spock shared in an X post that the network could benefit from building a proprietary blockchain protocol rather than relying on Stellar’s Consensus Protocol (SCP). He noted that SCP provided a scalable start but caused some public confusion, as some investors mistakenly assumed Pi runs directly on Stellar.

“While SCP gave Pi Network a fast and proven start,” Spock said, “a fully original protocol could have amplified its image of strength, innovation, and autonomy.” The network’s Protocol Version 23 upgrade introduces performance improvements that may move Pi closer to this goal.

The upgrade also allows Pi Network to explore opportunities linked to Stellar’s infrastructure. Stellar recently joined the ERC-3643 Association, a regulatory platform for tokenized assets with compliance features, potentially opening paths for Pi Coin in tokenized asset markets.

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