Skip to main content

IOTA: Changes to DevNet - Coordicide is postponed



In a current blog post, the IOTA Foundation draws a first conclusion of its DevNet and announces improvements. One thing is certain: The “Coordicide” will no longer come in 2021.


In early June launched IOTA be DevNet, as a further step on the way to the "Coordicide" update. Since then, the platform has supported dApps and other business models. IOTA also designed a new framework for digital assets that supports NFT, among other things.



Almost two months later, IOTA is now drawing a first conclusion and announcing improvements in a blog post , including the consensus mechanism of the DevNet. Among other things, this is intended to accelerate the confirmation time of transactions and to simplify the code base. In addition, the communication overhead is reduced, which means that less bandwidth is required when operating nodes to communicate with one another.


The prototype development team started the first improvements a few weeks ago, They did not want to give an exact point in time when the upgrade should be completed. However, these are adjustments that “shouldn't take a long time”. It is also important to tackle the optimizations now, as this will speed up future work processes.


IOTA update: simplify code base and increase speed

In general, the DevNet is intended as a public development environment in which various approaches to solutions are tested and refined in practice. If better solutions or significant options for improvement emerge during development, these are incorporated into the code base. On request, the IOTA Foundation will comment on the current adjustments as follows:


In this case, there is a possibility of a strong simplification, which benefits the IOTA 2.0 basic protocol, but at the same time also significantly simplifies and reduces the codebase. As a result of the simplification, the code base is not only cleaner but also easier to maintain. Ultimately, this also benefits the speed of further development as well as the testing and in this case also the performance and security of the network.

Because with a “purged” code structure, the network is less prone to errors or security gaps.



“Coordicide won't come in 2021”

However, with the improvements to DevNet, the progress of the implementation of IOTA 2.0, also known as the “Coordicide” update, suffers. In the blog entry, the IOTA Foundation announced:


Unfortunately, the changes mentioned above will make it impossible to deploy the Coordicide on the IOTA mainnet in 2021. Every new idea, every new aspect, every new insight and every new opportunity goes through the methodology mentioned at the beginning of this article. That takes time: excellence is not fast.


IOTA Foundation in the blog post

This announcement polarized within the community. On the one hand, users vent their anger about another postponement of the decentralizing update.



On the other hand, users try to calm the mood. It is okay to take the time for this project so that a good overall product can emerge in the end.



On request, the IOTA Foundation is reluctant to give precise times. You don't want to make any public statements. In the Github repositories, however, everyone can track the current state of development.


My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
BetFury - Stack BFG for daily dividends - Play smart!
Pipeflare - Faucet that pays in ZCash and Doge, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
Publish0X - Earn Money By Writing and Reading Articles!
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!

FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne
Post a Comment
Read more

Seth Green falls victim to phishing - hackers steal NFTs

  Seth Green spoke up via Twitter yesterday afternoon. The actor is known to be involved in Web3 and NFTs. Criminals seem to have taken advantage of this, because according to Green, he was the victim of phishing. The artificial word is a composition of the English words "password harvesting" and "fishing". Exactly how the hackers managed to get hold of Green's account and fish the access data is still unknown. Typical methods to obtain victims' data are bogus emails and fake websites.   The loot includes 4 NFTs including Bored Ape number 8398 which is currently estimated to be worth at least $200,000. Theft is not an isolated case The fact that holders of high-priced NFTs are being targeted by phishing is not new. While many attacks target the masses, perpetrators will target their opera if they can be sure the loot is of high value. Green reaped statements of solidarity on social media and help from other victims on how to report the case. In the meantime,
Post a Comment
Read more