IOTA attracted attention a few days ago when the Coordicide test network was launched. Because the coordinator has been one of the biggest criticisms of skeptics of the project so far. In three phases, the IOTA team now wants to shut down the coordinator and thus achieve full decentralization.
IOTA Mainnet in three phases: pollen, nectar and honey
The IOTA team presented a major milestone on July 6th. After years of development, the company proudly announced that it would start the pollen test network. Pollen is the first part of the full rollout, which is divided into three phases:
Pollen is the first official test network of the IOTA 2.0 network, should primarily serve as a research basis for the team and lays the foundations for a coordinator-free network. The second phase of Nectar is expected in the second half. In this phase, the network is to be tested again for errors and bugs before the final mainnet honey is launched.
Just a few days after IOTA started the pollen network, the team announced some facts and figures. In addition to an astonishingly high number of transactions (280,000 - including 20,000 with value), the community was particularly impressed by the number of transactions per second. According to the IOTA team, the network reached up to 1500 TPS (transactions per second):
2. During the process of a new #node syncing w / the network, we recorded peak performance of up to 1500 transactions per second. We are very happy to see our early node software perform so well given the many optimizations and improvements in store for the future #Pollen
— IOTA (@iotatoken) July 7th, 2020
They were also satisfied with the speed of the network and the transactions. The confirmation time of a message was 10 - 12 seconds. According to the IOTA team, this is 20 times faster than the current IOTA mainnet.
IOTA with many possible uses
IOTA is one of the cryptocurrencies that can boast of many partnerships and possible uses of the economy. Developed as the currency for the machine-2-machine economy, developers and industries around the world could learn to appreciate the benefits of cryptocurrency and implement it in their applications.
The state of Hesse, for example, uses the tangle to optimize irrigation systems. In May, the Landesbetrieb Landwirtschaft Hessen (LLH) started the project together with the IOTA Foundation and peerOS iotAgrar. It aims to explore new ways of transferring and processing data in horticulture and agriculture and their reliability.
Markus from Kryptokumpel.de
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