Pi Squared Unleashes Devnet 2.0 to Revolutionize Web3 Payments with "Internet-Speed" Transactions
Pi Squared, a pioneering force in blockchain technology, has announced the official launch of its Devnet 2.0. This significant upgrade to its FastSet protocol is set to usher in a new era of "internet-speed payments" for Web3, aiming to achieve a staggering one million transactions per second (TPS) by 2026. The move signals a bold step towards reshaping how digital transactions are conducted, promising unparalleled speed, scalability, and decentralization.
Powering the Future of Payments
At the core of this innovation is FastSet, an infinitely scalable and decentralized payment network meticulously designed to offer uncapped throughput, internet-speed finality, and real-time verifiability. Unlike traditional blockchains that often rely on total ordering, FastSet processes transactions in parallel. This architectural choice dramatically boosts its capacity, allowing it to handle more transactions per second than many existing blockchain infrastructures. Currently, the Web3 verifiable settlement protocol is capable of processing 150,000 TPS with sub-100ms finality, laying a robust foundation for its ambitious target of one million TPS on the mainnet by 2026. Pi Squared Founder and CEO, Grigore Rouel, emphasized the critical need for this evolution, stating, "the future of payments demands more than what blockchains can deliver." He added that with its "theoretically uncapped TPS, sub-100ms finality, and verifiability by design," Pi Squared is poised to empower global payments and financial systems at scale. This vision extends beyond mere transactions, aiming to provide "instant and trustless payments at a global scale."
A New Playground for Web3 Developers
Devnet 2.0 isn't just a performance upgrade; it's a comprehensive ecosystem designed to foster innovation. It offers a fully accessible "playground" for developers to directly engage with FastSet, supported by a richer ecosystem, new applications, enhanced infrastructure, and comprehensive developer documentation. This initiative is geared towards making the process of building on FastSet seamless and intuitive, accelerating the development of next-generation Web3 applications. Within the next week, two critical Decentralized Finance (DeFi) applications, Omniset and OmniSwap, are slated to debut on Devnet 2.0. Omniset aims to redefine cross-chain asset movement by acting as a universal liquidity and settlement layer. It connects fragmented liquidity across various blockchains into a single, verifiable layer, moving away from reliance on traditional bridges. This enables users to deposit tokens on any chain, use them freely on FastSet, and withdraw them on any other chain securely and instantly. Building on Omniset, OmniSwap will aggregate decentralized exchanges (DEXs) across networks, enabling users to find the best swap rates and execute trustless, lightning-fast cross-chain swaps through verifiable proofs. The launch of Devnet 2.0 represents a crucial milestone in Pi Squared's mission to deliver on Web3's promise of peer-to-peer payments that move as swiftly as the internet itself.
