IOTA: Big updates on Identity, Pollen, Bee, Hornet and IRI

  • IOTA Foundation revealed that the core functionalities of Chrysalis Phase 2 will be audited in November.
  • IOTA Honey Phase 2.0 moved to the second quarter of 2021.

IOTA Foundation Director of Engineering, Jakub Cech, released updates on the components of the IOTA 1.5 update, also known as Chrysalis. Designed to be an intermediate phase before the activation of Coordicide, the first phase of Chrysalis and its components were deployed in August to the mainnet. Currently, the team is focusing on Phase 2 deployment.

Therefore, the IOTA Foundation is expected to make an announcement on the availability of a test network for the next phase of Chrysalis soon. This will allow the team to test 3 key functionalities: node integration, client libraries, new wallet, as published by Cech. The new features and API will be available to be tested by IOTA users and partners.

IOTA on road to complete Coordicide

About Pollen, Cech stated that version v0.3.0 of the GoShimmer software contains a full integration of the Decentralized Random Number Generator (dRNG) module. The team is currently focused on working on Nectar. The deployment of this network in the testnet will be the next major milestone in “individually testing components of the Coordicide”.

On the other hand, Cech revealed that the Bee team has completed the introduction of key components of the software node. The team has decided to move the runtime to Tokyo for better performance and “compatibility with the Rust ecosystem”. The IOTA Foundation stated:

We have added deserialization and serialization of the new message layout for Chrysalis phase 2. The network layer is being migrated to libp2p for the future implementation of autopeering. The node and its interaction with the different workers and storage has been completely refactored for better maintainability.

The Hornet team has made significant progress in adding the necessary changes to Chrysalis Phase 2. However, the team still has to add the Proof-of-Work adjusted for binary messages. In the meantime, the Hornet team is also developing changes for the new node API, local snapshots and solidification. The team has urged users to migrate from IRI 1.8.6 to Hornet.

Users interested in IOTA Identity will be pleased to know that the DID standard is “almost completely implemented”. Therefore, the developers are preparing an alpha version for people who want to test its features. The team is working on introducing Javascript bindings and Verifiable Credentials for the next alpha versions. IOTA’s Director of Engineering added:

(…) keep an eye out for the repository for the stream of deliveries that we will see over the next two month. (…) we are designing the higher-level and much easier to use Identity libraries. These will be a lot easier to work with and should support about 90% of the use cases. As discussed last month, integration with Stronghold is also a top priority to deliver out-of-the-box protected digital identities.

Another important update is the introduction of the Proof of Concept for smart contracts on IOTA in its pre-alpha version. As reported by CNF, the IOTA Smart Contract Protocol (ISCP) was deployed in early October. The IOTA Foundation invited users to test the new functionality and stated that a full version will be released in the coming months.

Cech revealed that IOTA 1.5 key features will be audited in November. In addition, the Bee development team will release the node software in conjunction with Chrysalis Phase 2. Then, the launch of Nectar is scheduled for the first quarter of 2021. At that time, all components for the implementation of Coordicide in the GoShimmer node software should be in place. Finally, the IOTA Foundation has moved the Honey phase to mid-2021.

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Reynaldo Marquez has closely followed the growth of Bitcoin and blockchain technology since 2016. He has since worked as a columnist on crypto coins covering advances, falls and rises in the market, bifurcations and developments. He believes that crypto coins and blockchain technology will have a great positive impact on people's lives.

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