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Crypto News

As Coin PI decreases, the PI network offers a major security repair

The price of the PI decreased by 22 % this week, and continued to decrease wider as the price has now decreased by more than 65 % on a monthly scheme.

This means that the price of Coin PI is now less than $ 0.080 for the first time since late February when the official Mainnet launch occurred.

Our PI currency prices today does not reveal a positive image of my holders, as the $ 0.075 test is still the possibility of a weekly closure. But at the same time, what does the PI team do? They just issued a security update.

The PI network makes changes to its account safety system. To date, PI use phone numbers primarily as unique identifiers. Although this approach seemed appropriate at the beginning, it created many problems over time.

SMS verification through the phone numbers is unreliable and costly. Due to the global nature of the PI community, text messages communications between users and servers are repeatedly failed due to the vent of communication regulations, carrier policies, and service restrictions across different regions.

2fa based on email: New Safety Standard

Looking at these challenges and the current stage of the network with more reliable verification methods such as Kyc and LiFik, Pi Network is transmitted to authenticated e -mail factors (2FA). This change not only addresses previous issues, but also increases public safety through his bilateral approach.

For this transition to work, each user needs an verified e -mail address in the file. However, this represents challenges as many users did not add an e -mail to their accounts or inserting them incorrect or lost access to previous emails or shared email addresses with family members who also have PI accounts.

Since adding an email was not required while creating the account, this represents a major shift in safety protocols, the PI network needed to make a comprehensive analysis before allowing user deportation. Check how to add users and check email addresses Complete 2FA to ensure the safety of the account integrity. In some cases, additional verification steps such as LIFIK verification or check -out.

This process necessitated a temporary pause in the deportation of the account. Now, the Pi Network has announced that the deportation has resumed and will gradually expand with the completion of more users to verify the 2FA document to email and checks at the system level.

The network highlights its commitment to a safe transition and is estimated by the patience of the user, as these account security improvements are carried out through the statute. Will this be enough to recover the price of PI? The answer is no, at least now.

Also read: We asked artificial intelligence to predict the price of PI in April

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