Iota, a major blockchain project designed for the Internet of Things, or IOT, has entered the first phase of its roadmap to upgrade the network to IOTA 2.0.
According to a June 30 blog post, users can now download the new version, Pollen, on the first fully decentralized IOTA test network.
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This launch is the first phase in Iota’s IOTA 2.0 transition roadmap, launched on June 29th. In the roadmap, the Iota Foundation presented three phases to reach the so-called „Coordicide“, an event that will provide for the permanent elimination of the IOTA coordinator. The coordinator has been an elementary part of the IOTA network, representing an application executed by the IOTA Foundation to digitally confirm valid transactions.
Pollen marks the start of IOTA 2.0
By launching Pollen, the IOTA project marks its first achievement prior to the Coordicide. Dominik Schiener, co-founder of the IOTA Foundation, emphasized, that the launch aims to end in a network without coordinators and ready for production.
„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 milestone achievement for the IOTA project. Pollen marks the beginning of the world’s first truly decentralized, scalable and free distributed ledger, which has been IOTA’s promise since day one.
Three phases to get rid of the Iota coordinator
Along with other phases, the name of the launch of the official IOTA 2.0 test network, goes in analogy with three stages for the creation of honey: Pollen, Nectar and Honey. As such, Pollen is configured to serve primarily as a research base to validate Coordicide concepts and simulate certain attack vectors. According to the foundation, the Pollen phase is expected to finalize the specifications of Coordicide, providing the „final blueprint for IOTA 2.0“.
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The second phase, Nectar, is expected to provide a full implementation of the Coordicide modules in an incentivized test network. The Iq Option stage aims to test the network for errors or problems before finally launching the main network. Expected to be launched in early Q4 2020, the phase will allow network participants to generate „Nectar“ or rewards for finding errors or possible attack vectors.
Honey, the final release candidate for IOTA 2.0, will incorporate all final modules of Coordicide, which represents the first release of IOTA 2.0, or the fully decentralised IOTA core network. Schiener says the foundation expects the network to enter the phase, Honey, in the first quarter of 2021.
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In February 2020, Iota introduced Chrysalis, or IOTA 1.5, an intermediate update. Chrysalis added key features to the network, such as reusable addresses and IOTA-based tokens. As reported, the IOTA Foundation had to shut down the Coordinator several times to address major flaws and hacks in its platform. After criticism about the lack of decentralization, IOTA launched the solution, Coordicide, in 2019 to replace the Coordinator.