🌔Early this morning, Pi announced that the Mainnet Protocol 27 upgrade is scheduled to be completed on September 15, after which the protocol may continue progressing to Protocol 28.

However, after the Testnet was upgraded to Protocol 27, an authorization feature was added.

🤔Assumption: The boss's account holds 1 million Pi. Financial staff can be authorized to make payments, but can pay a maximum of 10k Pi per day; payments exceeding a certain amount require the boss's approval again. This is the smart contract functionality introduced by the latest protocol. This time, I discovered some very important information: fees generated by smart contracts are approximately 30% higher than those for ordinary transfers. This was mentioned in an earlier official blog post, and one of the switches added when nodes are updated to version 0.6.0 or above is the RPC server switch. The entire ecosystem can only have smart contracts with this RPC server. The official blog stated at the time:

An RPC server is an interface that allows applications to communicate with the blockchain by sending requests and receiving responses.
This infrastructure is key to building practical smart contract applications. RPC servers support two basic types of smart contract interactions:

The first type: read-only calls, which do not require fees. For example, querying account status, balances, data in smart contracts, or an application's own information. Because these operations only “read data” and do not actually modify the blockchain, there is no need to pay Gas fees.

The second type: state-changing transactions, which require fees. For example, executing a smart contract, modifying on-chain state, updating data, or completing some contract logic. Because these operations actually change the blockchain's data, the corresponding transaction processing fees must be paid.

😄I now believe that what Pi lacks is a genuine opportunity. What kind of opportunity? It is the continuous integration of Web3, AI, enterprises, companies, applications, payments, node computing power, and real-world resources, ultimately turning them into businesses that can truly operate within Pi Network itself. A network's true strength has never been limited to the technology itself. Technology is the foundation, while enterprises and applications are the skyscrapers built on that foundation. As long as more and more enterprises, companies, and developers enter Pi Network in the future, resources throughout the ecosystem will become increasingly abundant, businesses will continue to grow, and transactions between people, people and applications, and enterprises will become increasingly frequent.

🤔Once the technology matures, the most important next steps will be the entry of resources, enterprises, businesses, and the emergence of applications. If this path continues, and more enterprises, companies, and developers begin to genuinely conduct business, build applications, develop AI, and provide payment services on Pi, the ecosystem's resources and utility will continue to improve. I believe that what Pi ultimately seeks is not merely a place among cryptocurrencies, but the position of a foundational network in the Web3 + AI era. #PiNetwork