Pi Squared Unveils Devnet 2.0: Internet-Speed Web3 Payments Arrive with Verifiable Settlement Layer

The Web3 infrastructure leader launches its Devnet 2.0 on the Verifiable Settlement Layer (VSL), enabling 100,000+ TPS, sub-100ms finality, and ultra-fast, trustless payments.

Today, Pi Squared announced the public rollout of Devnet 2.0 for its Verifiable Settlement Layer (VSL), signalling a major leap forward in Web3 payments infrastructure. With this launch, Pi Squared introduces internet-speed payments, capable of processing 100,000 + transactions per second (TPS) with finality under 100 ms, while offering cryptographic verifiability, multichain interoperability, and developer-friendly tooling.

Pi Squared’s mission is to fix the scalability, trust, and fragmentation bottlenecks of traditional blockchain infrastructure. Their next-generation settlement protocol, dubbed FastSet, enables parallel processing of claims rather than relying on global transaction ordering, a paradigm shift the team says allows uncapped throughput and ultra-low latency.

In Devnet 2.0, developers gain access to the VSL network, enabling programmable settlement across assets, data, and compute workflows. The system supports cross-chain asset transfers (through integrations such as Wormhole Foundation’s Native Token Transfers), blockchain state mirroring (for chains like Ethereum and Bitcoin), and execution of AI pipelines within Trusted Execution Environments (TEE).

Key features of Devnet 2.0 include:

• Ultra-high throughput & low latency: The FastSet engine already demonstrates 100,000+ TPS and sub-100 ms finality on commodity hardware, major milestones for Web3 payments.
• Verifiability by design: All claims and settlements are mathematically provable, enabling auditability without relying on centralised parties.
• Ecosystem-agnostic smart contracts: Developers may write in languages such as Rust, JavaScript, C++, or Python and run their logic verifiably, removing ecosystem lock-in.
• Composable across domains: From payments to AI and data services, Devnet 2.0 allows applications to coordinate assets, computation, and state across chains and environments.
• Open access for builders: Infrastructure providers, DApp developers, AI-agents, and protocol teams are invited to explore the devnet, build on the VSL foundation, and help define future features.

“Web3 today is siloed, slow, and burdened with trust assumptions,” said Grigore Roșu, Founder & CEO of Pi Squared. “With Devnet 2.0 on our verifiability-first platform, we are giving builders the tools to integrate real-time payments, cross-chain logic, and AI-native workflows at internet speeds.”

Looking ahead, Pi Squared plans to accelerate enhancements around validator coordination, signature aggregation, multi-client support, and protocol tooling to ready the network for full-scale mainnet launch. The goal: deliver a layer that supports one million+ TPS, micro-payments for AI services, frictionless cross-chain asset movement, and enterprise-grade verifiability.

Why this matters for payments and Web3 adoption:

• Real-time settlement: Sub-100 ms finality means payments, trades, or agent interactions can be confirmed in what feels like “instant”.
• Cost efficiency: Bypassing the global ordering bottleneck means cheaper, higher-volume transactions, ideal for micropayments, agent-led workflows, and high-frequency Web3 infrastructure.
• Trustless interoperability: Verifiable claims remove bridge- and relay-risk, enabling safer cross-chain asset flows and AI-infrastructure coordination.
• Developer-friendly: Support for familiar programming languages lowers the barrier to entry, accelerating ecosystem growth.

FAQs

Q1: What is Devnet 2.0 from Pi Squared?
A1: Devnet 2.0 is the second version of the public developer environment for Pi Squared’s Verifiable Settlement Layer (VSL). It gives builders access to high-throughput, low-latency settlement infrastructure that supports programmable claims, cross-chain assets, and verifiable computation.

Q2: How fast are payments on the network?
A2: The underlying FastSet protocol reportedly already supports more than 100,000 transactions per second (TPS) with finality under 100 milliseconds. Further scaling toward 1 million+ TPS is targeted for the mainnet.

Q3: What makes the system verifiable?
A3: Every transaction settlement or “claim” is cryptographically provable. Means of execution and settlement are independently checkable, removing reliance on trusted central parties. The architecture supports multiple programming languages and ensures transparency.

Q4: How does it support cross-chain or multichain use cases?
A4: The VSL supports multichain interoperability by integrating with frameworks such as Wormhole’s Native Token Transfers (NTT) for asset movement. Also, blockchain state mirroring (e.g., Ethereum, Bitcoin) is supported to allow composability across chains.

Q5: Who can participate in the Devnet?
A5: Developers, protocol teams, AI-engineers, infrastructure providers, and other builders can apply for access. The environment is designed for experimentation, testing, and early integrations ahead of the mainnet launch.

Q6: What are the next steps after Devnet?
A6: Pi Squared plans to expand capabilities like multi-client support, validator coordination, signature aggregation, and performance tuning. The broader objective is a mainnet rollout with enterprise-scale throughput and full ecosystem support.