Pi Network’s core team announced on May 27 that all mainnet nodes must complete the mandatory upgrade to version 24.1 by the June 2 deadline, or they may lose access to the Pi mainnet 2026 ecosystem. At the same time, community forum moderators have bulk-blocked accounts related to the aggressive GCV (Global Consensus Value) promotion activities. The team confirmed that it has never endorsed any fixed GCV pricing model.
Confirmation of Technical Details for the Protocol 24.1 Upgrade
Pi Network’s core team confirmed that this migration is a fast backend upgrade, mainly focused on ledger improvements and infrastructure optimization. It is on a separate update track from the releases of PiDex, smart contracts, and consumer features. The official upgrade sequence is: 19.1 → 19.6 → 19.9 → 20.2 → 21.2 → 22.1 → 23.0 → 24.1 → 25.1 → 26.0.
The official guidance states that in most cases node upgrades take no more than 15 minutes, and it warns operators not to upgrade all nodes at the same time to avoid network disruption. The newly released Linux CLI tool is intended to simplify the ledger optimization and Docker deployment process.
GCV Scam Crackdown: Block Actions Confirmed by Moderators
Pi Network’s core team officially confirmed that the core team has never endorsed any fixed GCV pricing model. Community moderators have blocked multiple accounts and chat participants related to aggressive GCV promotion activities, and in a widely circulated community statement they emphasized that Pi’s real value should come from practical ecosystem applications, not from “hype-driven, inflated prices on the network.”
Rumors about the so-called “Shanghai Pi Pioneer Building” event were also pointed out and clarified by moderators: claims that the event is related to Pi founder Nicolas Kokkalis and Fan Chengdiao, as of the time of reporting, have not yet received official confirmation.
Confirmed Subsequent Upgrade Schedule
The subsequent upgrade nodes published by Pi Network’s core team include: June 2, 2026 as the mandatory completion deadline for Protocol 24; June 15, 2026 as the target date for the transition to Protocol 25; and the specific promotional timeline for Protocol 26 has not been announced as of the time of reporting. Developers said that these upgrades are crucial for improving scalability, synchronization, and long-term ecosystem readiness.
FAQ
What consequences will nodes face if they do not complete the upgrade before June 2?
In its official statement, Pi Network’s core team said that node operators who fail to complete the upgrade before the deadline may lose access to the Pi mainnet 2026 ecosystem, including network participation rights and future rewards. Pi Network’s core team did not specify whether a grace period or recovery mechanism is available.
What is Pi Network’s official position on GCV?
Pi Network’s core team has clearly confirmed that it has never endorsed any fixed GCV pricing model. Community moderators have bulk-blocked accounts promoting false GCV high-price targets. The official emphasis is that Pi’s value should come from practical ecosystem applications, not from unrealistic price speculation.
Does the scope of Protocol 24’s upgrade include PiDex or smart contracts?
No. Pi Network’s core team developers clarified that Protocol 24 focuses on backend infrastructure (ledger improvements and infrastructure optimization) and that PiDex, smart contracts, and ecosystem applications are on separate update tracks.
