We learned a lot from this phase and identified that the needs of ISC on the current IOTA protocol are not fully covered by the decentralization efforts of Coordicide. The ISC Beta launched on the DevNet last October and its base layer protocol received support to properly accommodate smart contracts. In parallel to our work on Coordicide, we have been building the IOTA Smart Contract (ISC) protocol on top of the IOTA 2.0 DevNet. Why do we then need Stardust as an interim step between Chrysalis and Coordicide? The Chrysalis protocol has been running stable on the IOTA mainnet ever since and protocol efforts have been concentrated on Coordicide with the aim of full-scale decentralization, currently being tested through the IOTA 2.0 DevNet implementation. Last year's Chrysalis upgrade delivered major improvements to IOTA's performance, stability, reliability, and security while doing away with unnecessarily complex and unorthodox concepts, and instead simplified and aligned with industry standards and best practices. If you are looking for a condensed introduction, check out Stardust in a nutshell. In this blog post, we explore the origins of Stardust and the detailed benefits it will bring to the table. The IOTA protocol is set to receive its biggest utility upgrade after Chrysalis: Stardust builds on last year's Chrysalis network upgrade and adds unprecedented utility. Stardust debuts on the new Shimmer network before being ported to the IOTA mainnet. The new ledger is capable of conditional transfers and NFTs can function as wallets, while additional protocol improvements protect node resources, eliminate client-side trust assumptions and improve load balancing capabilities of the network. The network has now upgraded to Hornet nodes, allowing the improvements of tip selection and milestone selection algorithms, supporting over 1,000 transactions per second.Stardust transforms IOTA into an infrastructure layer for smart contract chains and introduces custom tokens. Performance and reliability improvements for node software will also be a feature for IOTA 1.5, and the majority of transactions would reach their destination on the first try.īefore the network upgrade, IOTA was only able to handle 5 to 20 transactions per second, struggling to even reach 40. With the completion of the deployment of Chrysalis phase 1, the network is not witnessing 1,000 transactions per second, with an average transaction confirmation time of 10 seconds. The components the IOTA team is publishing with the testnet are a new wallet.rs library with JS bindings via Neon, a new CLI wallet, a new faucet for requesting testnet tokens, experimental JS library with Chrysalis APIs implemented, and Hornet v0.6.0-alpha node version.Īll of these components are currently in an early alpha stage, which remains to be audited. “Bear in mind that changes are still ongoing, and there will be bugs, audits will be performed, and breaking changes introduced. IOTA explained that this is all part of the process. IOTA further added that changes are still ongoing, where there would still be bugs, and audits performed, as well as breaking changes introduced. We welcome everyone to test the functionality and provide feedback.” This period is key to a successful protocol upgrade early in the new year. “Today we are opening the Chrysalis testnet to the public. This upgrade sets the stage for adoption, and takes the network one step closer to IOTA 2.0. Earlier this month, developers were testing Chrysalis’ functionality on a private testnet, and were working on taking the necessary steps for pushing out the testnet. The release of phase 2 of Chrysalis on the IOTA mainnet will be one of the biggest upgrades the IOTA network has ever witnessed, and the released testnet would allow developers to transition their integration towards the final implementation. Phase 1 of Chrysalis was launched earlier this year, in August, reaching one of the many important milestones in the network’s development. Chrysalis, also known as IOTA 1.5, is IOTA’s intermediate stage between IOTA 1.0 and IOTA 2.0, Coordicide. IOTA’s network upgrade, Chrysalis has recently launched its public testnet.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |