Key Highlights:
- Pi Network announced today, February 20, 2026, that it has completed an important system update.
- Pi coin (Pi) has not experienced any significant change in the last 24 hours.
- This delayed response has caused frustration within the community.
Pi Network, a mobile-based cryptocurrency, announced through social media platform X that it has finished an important system update called Protocol v19.6. This announcement was made today, February 20, 2026. The main aim of this upgrade is that it improves its blockchains and gets itself ready for the next update which is v19.9. All of this before the big launch of the v20 mainnet launch.
Network Update: Protocol v19.6 migration successfully completed ✅ Next up is v19.9 — the final step before v20. Node operators should make sure they’re upgraded and stay tuned for further instructions: https://t.co/mnbwVzhaD9
— Pi Network (@PiCoreTeam) February 20, 2026
Seamless Migration Execution
According to the post made on X, the v19.6 update went smoothly and no issues were reported while the upgrades were being carried out. Node operators helped to keep the network stable during the entire transition period.
The Pi team also highlights that regular updates are important and shared instructions for the same. With this update, the network will become faster, more secure and more scalable. This update will support Pi’s goal of letting anyone mine cryptocurrency easily on their phone.
Price Snapshot: Short-Term Dip Amid Broader Gains
Pi coin (Pi) currently trades at $0.1758, reflecting a 7.7% decline in the immediate term. This pullback shows no direct correlation to the positive migration news, suggesting external market pressure or profit-taking at play.
Despite the 24-hours drop, longer-term metric paint a bullish picture, weekly performance has been up by 26.8% and fortnightly gains has been up by 22.7%.
These numbers have come in at a time when the crypto market is extremely volatile. The broader sentiment around the market is being driven by regulatory news and Bitcoin fluctuations which is overshadowing the project’s development.
Pi Network Upgrade Delays Spark Community Frustration
The Pi Network community as of now has been debating the pace at which the blockchain upgrades are taking place. The project began a major protocol migration from v19 toward v23, with steps like v19.6 and v19.9 that are required before the newer versions can go live on the mainnet.
The entire process has been extremely slow with Testnet and Testnet 2 phases still ongoing months after the initial rollout began.
Some community members like Dr. Altcoin on social media platform X posted that other projects are executing their progress and are moving faster than this project.
Some Pi Network Pioneers are not happy about my last post.
Listen! I know the Pi Core Team reads my posts, and this message is directed straight to them.
Pi Network progress is unjustifiably slow. The Pi Core Team is sitting on billions of dollars – yet we are expected to… https://t.co/9sRz9MKm4u
— Dr Altcoin ✝️ (@Dr_Picoin) February 19, 2026
He even said the team could be doing more given the size of its ecosystem. They feel the slow protocol progression, where even basic upgrades remain in testnet for extended periods, reflects an execution bottleneck rather than just a careful rollout.
This criticism highlights growing frustration from long-time supporters who want clearer timelines and faster delivery toward full mainnet functionality.
Also Read: Pi Network Mandates Mainnet Upgrades as Node Testnet Rolls Out
