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$PI Pi Network
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Protocol 20 provides the foundational infrastructure to enable smart contract functionality. Smart contracts are programmable logic executed on the blockchain, allowing developers to build decentralized applications and automatically execute transactions based on predefined conditions. This functionality can support various blockchain-based capabilities, such as issuing and managing non-fungible tokens (NFT) enabling on-chain marketplace transactions, or providing support for application logic that executes automatically when certain conditions are met. Through this protocol upgrade, the Pi blockchain now includes the technical infrastructure necessary to support these types of programmable interactions within the ecosystem.
In addition to the prerequisite protocol upgrades that enable smart contract functionality, the rollout of smart contracts will proceed gradually, prioritizing categories that align with utility-based product innovation and operations. The specific types of smart contracts will largely depend on the requirements generated during the utility creation process.