Pi Squared Launches Devnet 2.0 for Internet-Speed Payments in Web3
Pi Squared has launched Devnet 2.0, aiming for "internet-speed payments" in Web3 and targeting 1 million TPS by 2026.
Key Highlights
- Devnet 2.0 is an upgrade to Pi Squared's Web3 verifiable settlement protocol.
- The network, FastSet, offers scalable, decentralized payments with parallel transaction processing.
- Current capacity reaches 150,000 TPS with sub-100ms finality; aiming for 1 million TPS by 2026.
- Grigore Roșu, CEO of Pi Squared, emphasizes the need for advanced payment systems beyond current blockchain capabilities.
Developer Advancements
- Devnet 2.0 serves as a developer platform, offering new apps, infrastructure, and documentation.
- Two DeFi applications, Omniset and OmniSwap, will launch soon on Devnet 2.0.
- Omniset provides a liquidity and settlement layer across blockchains without traditional bridges.
- OmniSwap aggregates DEXs for optimal swap rates and executes cross-chain trades efficiently.
Roșu highlights that Devnet 2.0 is crucial for enabling peer-to-peer payments at internet speed in the Web3 space.