Categories: News

Audits for IOTA 1.5 underway, Coordicide implementation already in Q1

  • The alpha testnet for Chrysalis phase 2 has proven to be very stable as external audits begin.
  • ” is expected to be implemented by the end of the first quarter.

As Jakub Cech, the technical director of the IOTA Foundation, revealed in a new blog post, the IOTA Foundation seems to be gradually in the home stretch for the release of Chrysalis phase 2. With Chrysalis phase 1 already deployed on the mainnet in August 2020 and a first alpha version of phase 2 released in mid-December, the predicted “early 2021” release is getting closer and closer.

According to Cech, the development team is currently working on the full implementation of IOTA 1.5, also known as Chrysalis phase 2. As part of the testing of the alpha version, the IOTA Foundation has been “testing various components, such as the Node software or the various libraries in the testnet” within the last three weeks. Regarding the results, Cech stated:

The testnet proved to be incredibly stable over the testing period and we are excited to be extending it with additional features soon.

As for the progress of individual components, Cech went on to write that the Bee team has made progress in implementing the new node dashboard and feeding data into it. In addition, the entire client API was completed in December, the implementation of storage was stabilized, ledger logic was finalized, and tangle caching was made ready for use.

The other node software, Hornet, has received bug fixes as well as an implementation for dust protection. Among other things, the bug fixes have “significantly improved the confirmation rate in the Chrysalis test network.” In addition, audits of all components are currently a further focus.

With this in mind, the integration of Stronghold into the new wallet Firefly is currently being finalized in order to have a “comprehensive wallet audit” performed, which should begin in two weeks. Cech commented on the current status as follows:

A large part of the Chrysalis phase 2 effort is auditing the new functionality. We have started the audit on the protocol changes made to the node software. The wallet audit will also be happening in January.

Implementation of IOTA Coordicide as early as Q1

But not only Chrysalis Phase 2, but also Coordicide (IOTA 2.0) could appear within the next few weeks, at least in a testnet. As full Coordicide solution will be implemented by Q1. Of course, this is an estimate. It may happen sooner, or a little later,” said

According to the Senior Research Scientist, the IOTA Foundation is currently following the following plan for implementation:

Our current plan is the following:

1. We need to finish refactoring the Tangle, its data flow, the Ledger state and the DAG branch manager. Then we can merge the Value Tangle with the Message Tangle.

2. After that we can finally integrate what we already have regarding Mana.

3. By that time, we should be ready to integrate the congestion control.

4. Somewhen in February we will integrate: Approval switch, Timestamp voting, epochs, approval weight and bind access mana with the congestion control.

5. Finally we will integrate Mana with FPC, dRNG, and then snapshots.

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

Recent Posts

Dogecoin crashed 30% as soon as “Dogefather” Elon Musk mentioned it on SNL

The much-awaited Elon Musk appearance on Saturday Night Live finally happened, and as many predicted,…

48 mins ago

Crypto Banter Will Give Away Over $500,000 To 10 Eligible Community Members

Cape Town, South Africa, 8th May, 2021, Banter Bags is a unique project in the…

14 hours ago

40% to use crypto in the next year, but Arnold Schwarzenegger won’t be one

A new survey by Mastercard has found that 40% of investors in North America, Latin…

17 hours ago

Legendary Brazilian Footballer Pele Drops NFT on Ethernity

Much-awaited Pele NFT will drop on the Ethernity chain on May 08. His collection is…

18 hours ago

DOGE investors bet big on Elon Musk’s SNL appearance today

Dogecoin has pumped by nearly 100 percent this week in anticipation of Elon Musk's SNL…

22 hours ago

Bitcoin is too big to regulate, just like Uber was in 2014: Miami Mayor

Bitcoin has become too big to regulate in the traditional way, just like Uber was…

23 hours ago