- IOTA Completes Phase 1 of the Chrysalis upgrade
- Chrysalis Phase 1 brings significant scalability improvements to the IOTA network
- IOTA continues on its way towards “Coordicide”
Chrysalis upgrade turbocharges IOTA
The IOTA network has been upgraded to Chrysalis Phase 1, allowing it to handle about one thousand transactions per second. This is a considerable improvement over the 20 transactions per second previously that were previously processed by the network.
The IOTA Foundation released a blog post on August 19th stating that Chrysalis Phase 1, also referred to as IOTA 1.5 was going live.This upgrade is meant to be a middle stage before the nework’s central coordinator is wholly removed from the system.IOTA developers manage the Coordinator, which is a centralized server that forms checkpoints in transaction history.
With the launch of Chrysalis, transaction confirmation times on the mainnet have neem reduced drastically, and have been slashed to as low four seconds in most cases.
During the testing period, the team announced that the network could achieve 1,500 transactions per second with the community. So, it is entirely plausible that IOTA can handle beyond 1,500 following the deployment of Chrysalis Phase 1.
The Chrysalis upgrade also brings an improved token transfer experience – this is achieved by a high confirmation rate, which is maintained even in situations in which the previous network couldn’t keep up.
Since transaction time has been reduced from 80 seconds to 4-10 seconds, tokens can be moved moved from one wallet to another much more easily.
With the upgrade comes easier maintenance and set up of nodes; setting it up can be done through four commands, and there is no longer a need for manual pairing – one of the features that come with Chrysalis is the auto-peering tool. Conflict spams, a problem with the previous version, are eliminated with Chrysalis to enable speedy transactions.
From Pollen to Coordicide
Chrysalis is simply a milestone leading the way to Coordicide – the next phase is expected to be released before the end of the year as work had already begun on it months ago. The phase 1 of the network upgrade is only a step towards removing the Coordinator.
The anticipated phase 2 is supposed to support a new signing scheme and reusable addresses, a new client library APO, and a new node API.
The three stages of the upgrade of the official test net are named after the different stages of creating honey: Pollen, Nectar, and finally, honey.
The IOTA network stated that Pollen, the first stage, began in June. The second stage, Nectar, is expected to start in the fourth quarter and will come with the full implementation of Coordicide on a testnet to search for bugs and issues before it is finally released on the mainnet. Participants of the network can generate rewards or Nectar when they find attack vectors or bugs.
Honey, which is the final test net stage for IOTA 2.0, will include all the last modules of Coordicide and will be the first version of a fully decentralized IOTA mainnet (IOTA 2.0). The complete upgrade on the mainnet is expected to be launched in early 2021.
