Pi Squared has announced the launch of its Devnet 2.0 to bring “internet-speed payments” to Web3 and advance its goal of 1 million transactions per second (TPS) by 2026.
Notably, Pi Squared is building FastSet, an infinitely scalable, decentralized payments network designed to deliver “uncapped throughput, internet speed finality, and real-time verifiability.” The network settles transactions in parallel, which allows it to process more transactions per second than blockchains that rely on total ordering.
Pi Squared explained that, in the protocol, “TPS refers to the number of claims per second that can be effectively settled. Transactions are a typical example of claims, but FastSet is more than just settling transactions. Any verifiable statement can be settled on FastSet.”
Grigore Roșu, founder and CEO of Pi Squared, affirmed that “the future of payments demands more than what blockchains can deliver.” Therefore, “with theoretically uncapped TPS, sub-100ms finality, and verifiability by design, Pi Squared is ready to power global payments and financial systems at scale.”
It detailed that the Devnet 2.0 is a “fully accessible playground for developers to experience FastSet in action, providing a richer ecosystem, new apps, improved infrastructure, and comprehensive developer docs designed to make building on FastSet seamless.”
The first one acts as a universal liquidity and settlement layer, connecting fragmented liquidity across blockchains into a single verifiable layer, rather than relying on traditional bridges.
As a result, users will reportedly be able to “deposit tokens on any chain, mint and use the tokens unrestricted on FastSet, and withdraw them on any other chain, seamlessly, securely, and instantly.”
Roșu concluded that the launch of Devnet 2.0 “represents the latest milestone in our mission to deliver on one of the biggest promises of Web3, enabling p2p payments to move as fast as the internet.”
