IOTA foundation launched the Chrysalis Testnet, which is touted as one of the most essential and prominent updates of the network tick date.
Most recently IOTA foundation has been in the news as its parted ways with the IOTA founded David Sonstebo.
IOTA launches Chrysalis (IOTA 1.5) Testnet
The project was announced in November, and the development team conducted a series of tests as an experiment with the Chrysalis Testnet, while users were not able to access it.
After the official launch, as per the announcement, the users would access the Testnet and play with the IOTA Testnet. While IOTA goes through several internal conflicts with the founder David Sonstebo being kicked out of the Foundation, the launch is a significant achievement for IOTA.
The IOTA 2.0 mainnet would be launched after the Chrysalis Upgrade Testnet is successfully run. The upgrade increased the scalability of the protocol and provided a host of features, including CLI wallet, along with an overall infrastructure upgrade.
IOTA Foundation promised a series of upgrades to IOTA earlier this year.
“It is a major step for our enterprise-readiness, with increased transaction throughput, network stability, improved usability, and enables new features and use cases. The upcoming weeks and months are some of the most exciting in IOTA’s history.”
In August 2020, Chrysalis Phase 1 components were successfully deployed on the mainnet, a substantial intermediate stage before the Coordicide is completed and launched.
With IOTA 1.5, the transaction speed is increased substantially with a capability to process more than 1000 transactions per second.
Chrysalis (IOTA 1.5) is a series of upgrades on the IOTA protocol as the network upscales itself for the enterprise-level standards before the Coordicide launch. Before the launch of Coordicide, the Chrysalis would help the developers and token holders to prepare for the transition. Chrysalis is intended to provide performance improvements and reliability in the system and accelerate the adoption of IOTA products on a wider scale.
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