Saturday, January 23, 2021
Home Crypto News Market Iota Developers Prepare To Launch The Chrysalis Test Network

Iota Developers Prepare To Launch The Chrysalis Test Network

- Advertisement -

The IOTA Foundation launches the Chrysalis test network on December 14. This testing marks the preparation for the deployment of IOTA 2.0.

According to the latest posts on the IOTA Foundation Twitter, the Chrysalis test network’s launch is scheduled for December 14.

The development team has been experimenting with Chrysalis on a private test network that is not allowed to be accessed by regular users. 

Earlier in a blog post, IOTA CTO Jakub Cech mentioned that the developers are finishing preparing the test network for transfer to the public mode. Chrysalis is a term used to define a series of” most promising ” updates that will make the network ready for operation before the final launch of the main iota 2.0 network, known as Coordinate.

This intermediate step will transition to coordinide smoother, increase iota scalability, and add new features. Chrysalis is deployed in two stages. Since the launch of chrysalis Phase 1 in August 2020, network throughput has grown to 1,500 transactions per second.

In October, IOTA co-founder David Sonstebo refrained from commenting on how fast the transaction speed will be for the next phase of the project but said it would “definitely grow.”

The upcoming launch of the public test network comes amid internal disagreements at the IOTA Foundation. Last week, it was reported that Sonstebo left the IOTA Foundation:

“It was necessary to decide to stop cooperation, although it was difficult. There were many situations where David’s actions were not compatible with the Foundation’s principles and who we strive to be.”

In the early summer of 2020, the developers of the IOTA project launched the Pollen test network. This was the first stage of the IOTA 2.0 update, which involves disabling the network coordinator node.

- Advertisement -
Ammara
Ammarahttps://thecryptobasic.com/
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Indian Firm Tanla Partners With Microsoft To Launch Blockchain Enabled Communications Platform-As-A-Service, Wisely

Microsoft Corporation and the Indian company Tanla have launched a blockchain based communication platform for confidential and secure messaging. ...

Investors Are Excited As Grayscale Is Setting Filecoin, Chainlink, Mana, Tezos And Livepeer Trusts

Asset management company Grayscale Investments has filed documents for the creation of a number of new cryptocurrency trust. Currently, Grayscale is considered one of...

TRASTRA Review-Cryptocurrency Card For The Mass Market

Despite the rapid growth of various cryptocurrency projects in 2020, the issue of paying with crypto in daily life remains a challenge. Unfortunately, very few...

Fund Managers Survey By Bank Of America Shows Capital Inflows To Bitcoin Are Higher Than Tech Companies

A fund managers survey conducted by Bank of America showed that Bitcoin now receives more capital inflows compared to other investment assets.

The Bank Of France Has Tested A Central Bank Digital Currency For Interbank Payments

The Bank of France announced the successful completion of testing a central bank digital currency (CBDC) for interbank settlements using the Iznes platform based...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.