With the launch of #Chrysalis stage 2, also known as the final stage for #IOTA 1.5, the network is ready for a major milestone. The bridge network between IOTA and #Coordicide, Chrysalis, which will move IOTA to full #decentralization, will be available on April 28, 2021.
↘️After this date, IOTA's current main network will be the "old main network". The infrastructure to replace the current main network is already in place, according to an IOTA Foundation official post. The organization said:
“ON BOTH APRIL 21 AND APRIL 28, THE TEAM WITH CHRYSALIS IS REWORKING THE FINAL BITS AND PIECES TO MAKE EVERYTHING AS SMOOTH AS POSSIBLE. TESTS ARE BEING CARRIED OUT ON MULTIPLE INFRASTRUCTURE SAMPLES TO TEST ALL THESE MIGRATION SCENARIOS. "
↘️The Foundation said that Chrysalis' second phase is "a new beginning for the protocol," saying they are testing migration on #Firefly with the help of internal and external testers . Since August 2020, the developers of the organization and the network have been developing new components for phase 2.
In this context, the developer team has released various versions for #Pollen #testnet. This component will introduce mana, a reputation system that will help increase IOTA security.
The software node Bee is released in its alpha stage. Developers can access it and run a #Bee node with an updated panel with full Chrysalis migration support. Smart Contracts and Stronghold, the two most important components of Chrysalis 2.0, were also released in their first versions. For the first component, the developers reorganize the integration to reflect some changes in Polled.
For Stronghold, the developers have taken the component under external control and "using microseconds for measurements," as revealed by the IOTA Foundation. The organization said:
“WE ARE WORKING WITH THE IF CRYPTOGRAPHY TEAM TO DETERMINE THE METHODS FOR PERFORMING MULTISIG USING STRONGHOLD'S BUILT-IN LIBP2P-NOISE BASED COMMUNICATION CHEST (CRATE). IN FACT, OUR PRIMARY FOCUS NOW IS TO VERIFY AND VALIDATE THIS BALLOT BOX AND ITS TRANSACTIONS. ”
IOTA update, an important step for users
On Wednesday, April 21, 2021, IOTA holders, exchanges and custody providers; It can start carrying its tokens. The process will remain open until Coordicide is deployed. Owners will need to "seed" their wallet to start migrating using Firefly. They will then receive a new reminder on the Chrysalis network with an EdDSA address. At this address, the user's tokens will be found.
At the time of writing, IOTA is trading at around $ 2.11, with a loss of 11 percent in the past 24 hours.