- With the release of Hornet Node v.0.4.0, the IOTA Foundation has taken the first step in upgrading to IOTA 1.5.
- The release will increase the transaction throughput of the IOTA Tangle by a factor of 20 and the synchronization time by a factor of 7.
- As part of the release of the new version of the node, Crypto News Flash received the following release.
The IOTA Foundation, a non-profit focused on distributed ledger technology (DLT) and open-source development, together with the IOTA community announced that it has released the latest version of its node software called Hornet.
Hornet is a lightweight node written in Go. The new node software paves the way to IOTA 1.5 (also known as Chrysalis) – a set of protocol enhancements that will lead to a substantial increase in network speed, performance, and usability.
A stress test conducted by the IOTA community demonstrated a stable network of more than 150 nodes with over 650 confirmed TPS, representing an increase in transaction throughput by a factor of twenty. Hornet consumes 10 times less memory under normal operation compared to IOTA’s previous node software IRI, and with Hornet’s improved user experience, developers can now set up nodes in a matter of minutes.
Already on June 3rd, the IOTA Foundation announced via Twitter that Hornet 0.4.0 will not only drastically increase the network speed, but also the synchronization time will be 7 times faster:
Another major improvement with Hornet is the way the nodes synchronize. The new Hornet v0.4.0 sync 7x faster and solidify immediately, making synchronization quicker for large data sets.
With Hornet’s release, the IOTA community also officially begins the protocol upgrades that will culminate in removing the coordinator node from the network. Components of “Coordicide,” also known as IOTA 2.0, have already been integrated and tested in the Hornet node software.
Luca Moser, Software Engineer of the IOTA Foundation said about the release:
Due to IOTA’s parallel architecture and feeless transaction model, developers can build real-world applications without the constraints imposed by traditional blockchain technology. IOTA’s focus on regulatory compliance, standardization, and industry collaboration are key pillars of its adoption strategy. Many of the upcoming protocol upgrades were developed in partnership with our community and network of partners in industry and academia.
The Hornet team added to Moser’s statement and explained:
We are proud and excited to deliver Hornet to the IOTA community and finally bring the first Coordicide components to the main network. With the new Hornet release we expect the number of nodes in the IOTA network to increase significantly, and we welcome any feedback on further improvements and features requested by the community.