Iota, a major blockchain project designed for the Internet of Things, or IOT, has entered the first phase in its roadmap for upgrading the network to IOTA 2.0.According to a June 30 blog post, users can now download the new Pollen release in the first fully decentralized IOTA test network.
The release is the first phase in Iota's IOTA 2.0 transition roadmap, released on June 29.
In the roadmap, Iota Foundation laid out three phases to reach the so-called "Coordicide", an event that will envision the permanent removal of Iota's Coordinator.
Pollen marks the beginning of IOTA 2.0By releasing Pollen, the Iota project marks its first milestone leading up to Coordicide.
Dominik Schiener, co-founder of Iota Foundation, outlined that the release is aimed to culminate in a coordinator-less, production-ready network.
"After years of intensive research, rigorous testing, and tireless efforts by our engineers, we are proud to finally be able to invite everyone to participate in this momentous milestone for the IOTA project. Pollen marks the beginning of the world's first truly decentralized, scalable, and fee-less Distributed Ledger, which has been IOTA's promise since day one."
Three phases to get rid of Iota's CoordinatorAlongside other phases, the name of the official testnet of the IOTA 2.0 network release goes in analogy to three stages for the creation of honey: Pollen, Nectar, and Honey.
According to the foundation, the Pollen phase is expected to finalize Coordicide specifications, providing the "Final blueprint of IOTA 2.0.".
Honey, the final release candidate for IOTA 2.0, will incorporate all final Coordicide modules, representing the first version of IOTA 2.0, or fully decentralized IOTA mainnet.
In February 2020, Iota introduced Chrysalis, or IOTA 1.5, an intermediate upgrade.
Iota Enters First Phase to Become 'Fully Decentralized Network' by 2021
Published on Jun 30, 2020
by Cointele | Published on Coinage
Mentioned in this article
3 Reasons Why Bloomberg Calling Bitcoin a 'Resting Bull' Is Inaccurate
Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold.
Bitcoin Stagnates, Criminals Targeted, $288K Prediction: Hodler's Digest, June 29-July 5
Top Stories This WeekBored with Bitcoin? This price level is key for a big breakoutIt has been a sleepy week in the crypto markets - and there's barely been any movement in Bitcoin.
Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business
Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry.
Bitcoin Undo Button & Fleeing Firms: Bad Crypto News of the Week
Maybe it's time to start talking about boring Bitcoin.