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IOTA announces release dates for Identity, Streams, Smart Contracts prototype

  • Version 1.0 of IOTA Identity will be released before the end of the year and will enable decentralized identity applications in production.
  • Already today, the IOTA Foundation will release a preliminary version for IOTA Streams; the prototype for IOTA Smart Contracts is expected by the end of the month.

In the status update for the development and the month of September, Jakub Cech, Director of Engineering at the IOTA Foundation, reported on numerous advances in Bee, Hornet, Smart Contracts, Stronghold and IOTA Streams. The most surprising announcement, however, was about the IOTA Identity solution.

According to Cech, the Identity ream was formed just last month from three community members funded by the IOTA Ecosystem Development Fund (EDF) and working closely with some IOTA Foundation’s developers. In the few weeks since the team met, the identity.rs repository “has seen a lot of progress, implementing many of the requirements of the DID and Verifiable Credential proposed standards from W3C,” according to the release.

The team is currently exploring integration and collaboration with Stronghold “to deliver IOTA Identity with a default, strong security model, protecting your digital identities”. Regarding the release schedule, Cech said:

The team is on track for an IOTA Identity 1.0 release before the end of the year. This release will enable decentralized identity applications in production, but might miss some ease of use and tooling for the developers. These will be developed over the next year.

The IOTA community can already look forward to the release of a revised version of IOTA Streams. As CNF reported, IOTA Streams could lose its alpha version status (MAM v0) and be released in version 1.0. Cech announced a “pre-release” version:

The Streams team has been working on changes to the implementation that allows for functionality like multi-publisher support, as well as changing the existing processes into a binary form to improve performance on existing hardware. All the changes will be part of a pre-release coming this Friday!

As if that wasn’t enough, Cech also announced that the release of the first Smart Contract prototype will take place on schedule at the end of September. As such, the Smart Contracts team is currently focusing primarily on completing “the prototype release of Wasp node and PoC hard coded smart contracts demo”.

IOTA’s progress on Bee, Hornet and Stronghold

In addition, the IOTA Foundation has made significant progress in the last month with the two nodes, Bee and Hornet. The Bee team is working on the completion of some final parts of the Bee Node software, such as the storage layer and local snapshots”.

In addition, work on the autopeering is expected to begin soon and the implementation to the Tokyo run-time will be completed to achieve better performance and compatibility with the Rust ecosystem. Upon completion, an alpha version of Bee will be released. Work will also begin on the implementation of the chrysalis phase 2 components in Bee.

Regarding Hornet, Cech noted that a new version 0.5.0 with changes to Chrysalis phase 1 was released in August. Since then, the team has been working on corrections and improvements to the node software and has recently released version 0.5.3. The implementation of Chrysalis phase 2 is now a priority:

Initial implementations of some of the Chrysalis phase 2 changes are already in progress. The current goal is to achieve a state in the node software where Chrysalis Phase 2 changes can be tested out in a dedicated test network.

In the Stronghold area, Cech pointed out various developments, such as the continuous integration workflow and first work for the p2p communication system. In addition, Cech’s team is working with some members of the community and is conducting initial tests to identify opportunities for using a customized Stronghold command line (CLI) in conjunction with a browser extension.

Under this link you can find the full status update for the month of September.

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About Author

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.

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