financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Important Security Update for All Pi Network Users: Details Inside
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Important Security Update for All Pi Network Users: Details Inside
Aug 4, 2025 9:59 PM

TL;DR

A popular news channel dedicated to covering Pi Network developments posted today about a security update implemented by the Core Team. Separately, Pi Networks official account reminded its users how they can benefit by locking up their tokens.

Passkey Added

The verification process at all Pi Network systems has been a highly controversial topic within its community, as countless users have complained in the past that they were unable to receive the necessary green light, despite the teams continuous efforts.

Pi News screenshot of the latest update shows the addition of Passkey in the Pi Wallet, which is positioned just below the information about whether the account has been verified through an ID and the password for entering the account.

Passkey is an interesting alternative as it works in the following way: its a passwordless login method, which aims to replace traditional passwords with a more secure and convenient alternative. Users can employ biometrics (fingerprint or facial recognition) or a device PIN, instead of typing in a password.

They are unique to each user and device, and offer enhanced protection against different types of exploits, such as phishing and account takeovers.

BREAKING: @PiCoreTeam bringing next-level security

secure your account in just 1 tap with PASSKEY!

Have you got this feature yet?#PiNetwork pic.twitter.com/tWBMwVvX0i

Lockup Reminder

In a separate post published a few days ago, the Core Team reminded its community that they can benefit from locking up their Pi tokens to boost mining rates.

Remember: Pioneers can voluntarily choose to create Lockups regardless of their migration status. Pre-migration Lockup configurations boost Pioneers’ current Pi based on future Lockup settings and affects Pi in the next migration. Post-migration Lockups apply to the Pi that Pioneers have acquired on the Mainnet blockchain and is free to be locked up.

These lockups are completed through the Pi Wallet app, and the mining boost will go into effect in the subsequent mining session. The process aims to support a robust and stable ecosystem and incentivize long-term engagement with the network.

Its worth noting that there are a few differences between the pre-migration and post-migration lockups. While they follow the same reward logic, they differ in timing and the Pi tokens they affect. Pre-migration applies to future balances during migration, while the post-migration goes directly on-chain to already migrated tokens.

Additionally, post-migration lockups introduce a 200% option, enabling users to boost mining rewards using extra Pi earned beyond mining.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bitcoin Nukes $2K in Minutes as Crypto Markets Withdraw
Bitcoin Nukes $2K in Minutes as Crypto Markets Withdraw
Aug 20, 2024
The bears appear to be having none of it. The cryptocurrency market has retraced in the last hour, triggering over $100 million in liquidations and erasing most of the gains from earlier today. Bitcoins Price Tanks to $59K As CryptoPotato reported earlier today, the BTC price charted a six-day high in the morning, tapping above $61K. This sparked hopes that the bulls...
Worrying Sign? 6
Worrying Sign? 6
Aug 20, 2024
The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. According to analytical data from SoSoValue, this decreased daily traded volume is the third lowest after the February 5th and 6th records, which were $649.17 million and $692.11 million, respectively. Low Bitcoin ETF Trading Volume Yesterday’s record showed an inflow of...
Ethereum Correction May Be Winding Down: 2 Key Metrics Indicate a Shift
Ethereum Correction May Be Winding Down: 2 Key Metrics Indicate a Shift
Aug 20, 2024
Ethers price has had trouble pushing past above $2,750 this month. Within the past 30 days alone, Ether has shed over 24% of its value. However, a recent analysis suggests that the worlds largest altcoin may be in the late stages of its current market correction. This narrative is backed by two key on-chain metrics offering insights. Buyers Slowly Regain...
Critical Shiba Inu (SHIB) Development Coming Soon: Details
Critical Shiba Inu (SHIB) Development Coming Soon: Details
Aug 20, 2024
TL;DR Shytoshi Kusama and Kaal Dhairya emphasized that the strength of Shiba Inu lies in its community, not individual leaders, maintaining anonymity to uphold this principle. The developers plan to hand over control to the community by the end of 2024 to enhance decentralization. Let The Mask Remain Famous Shiba Inu (SHIB) the second-largest meme coin saw the light of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved