Skip to content

Iota begins the first phase to become a “fully decentralized network” by 2021

June 30, 2020

Iota, a major blockchain project for the Internet of Things (IOT), has entered the first phase of its roadmap to upgrade the network to IOTA 2.0.

According to a blog post on June 30th Users can now download the new version of pollen from IOTA’s first fully decentralized test network.

This release is the first phase of the Iota to IOTA 2.0 roadmap that was released on June 29. In the roadmap The Iota Foundation presented three phases to achieve the so-called “coordicide”, an event that provides for the permanent elimination of the IOTA coordinator. The coordinator was an integral part of the IOTA network and represents an application of the IOTA Foundation for the digital confirmation of valid transactions.

Pollen marks the start of IOTA 2.0

Iota begins the first phase to become a “fully decentralized network” by 2021Iota begins the first phase to become a “fully decentralized network” by 2021

With the start of pollen, the IOTA project marks its first success before Coordicide. Dominik Schiener, Co-founder of the IOTA Foundationhighlighted The start should end in a network without coordinators and be ready for production.

Schiener continued:

“After years of intensive research, rigorous testing and the tireless efforts of our engineers, we are proud to finally invite everyone to participate in this significant achievement for the IOTA project. Pollen marks the beginning of the world’s first truly decentralized, scalable and free general ledger that IOTA has promised since day one. “

Three phases to get rid of the Iota coordinator

Along with other phases, the starting name of the official IOTA 2.0 network test network corresponds to three stages for the production of honey: pollen, nectar and honey. Such as, Pollen is configured in such a way that it primarily serves as a research base for the validation of coordicide concepts and the simulation of certain attack vectors. According to the foundation The pollen phase is expected to complete the Coordicide specifications and deliver the “final design for IOTA 2.0”.

The second phase is expected Nectar offers a full implementation of Coordicide modules in a test network with incentives. The nectar phase aims to test the network for errors or problems before the main network is finally started. The phase is expected to start at the beginning of the fourth quarter of 2020 and allow network participants to generate “nectar” or rewards for finding bugs or possible attack methods.

Honey, the candidate for the final version of IOTA 2.0, will contain all of the final modules of Coordicide that represent the first version of IOTA 2.0 or the fully decentralized main network of IOTA. According to Schiener, the foundation expects the network to enter the honey phase in the first quarter of 2021.

In February 2020, Iota introduced Chrysalis or IOTA 1.5, an intermediate update. Chrysalis added core features to the network, including: B. reusable addresses and IOTA-based tokens. As reported, the IOTA Foundation had to close the coordinator several times to fix major flaws and hacks on its platform. After criticizing the lack of decentralization, IOTA launched the Coordicide solution in 2019 to replace the coordinator.