Important update for Pi Network users (PI) is effective immediately: Details

The project’s blog post explains the decision to switch the group’s phone system due to the challenges it posed in proving that it was “unreliable and costly”. The main reason is due to the global scope of Pi’s operations, as its users are present in countless countries around the world and “the communication via SMS between Pioneers and the server is not always effective due to geographical limitations in telecommunications regulations, carrier policies, service registrations, and individual costs, etc.” Therefore, the necessary changes made by the team mean that users will only need to rely on two-factor authentication verification (2FA) based on email. Subsequently, other changes can be incorporated, such as password and biometrics. The new system also poses a challenge, at least initially, as users will need to enter a reliable email, something that has never been done before. Therefore, the project must test how users add and verify their email, and how they complete 2FA, to ensure “the integrity of these processes and the security of user accounts”. Some users need to complete the following actions, such as checking the activity status or verifying additional SMS, requesting “to pause movements until those system-level checks are performed.” This issue has been resolved; movements have resumed and will gradually expand as more 2-factor authentications (2FA) based on email and system-level checks are completed. PI Continue to Sell Off Regardless of what news release group or updates have been recently deployed, the native token continues to depreciate. PI has lost an additional 4% in the past 24 hours and is currently priced at $0.77 on CoinGecko. This means the asset has decreased by 23% on a weekly scale and over 65% in a month. PI, which was close to entering the top 10 altcoins by market capitalization, has fallen to the 30th position on CG and is at risk of being removed from that group. However, this community remains optimistic, frequently posting updates with promising price predictions, but they have yet to materialize.