IOTA Prepares for Chrysalis Upgrade to Attain 1,000TPS August 11, 2020 August 11, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsAugust 11, 2020 by Kelly Cromley

IOTA Prepares for Chrysalis Upgrade to Attain 1,000TPS

IOTA network is getting ready to roll out the initial phase of Chrysalis, also referred to as IOTA 1.50, on its mainnet in a week.

As per a tweet published by IOTA Foundation, the overhaul will permit the network to handle 1,000 transactions per second while confirming transactions within 10 seconds.

In June, the foundation also unveiled the recent variant of Hornet, the node software. This enabled the upgrade to IOTA 1.5, after the completion of a community led stress trial, which gave rise to a stable network with over 150 nodes.

The trial indicated that the upgraded network used 10x less memory than IOTA;s earlier node program.

Earlier in May, a decentralized social mead group named Society2 started working on IOTA powered DeSM infrastructure. This venture intended to create a unique norm in privacy, interoperability and control between social media platforms.

Against the backdrop of Covid-19 outbreak, another group in Madrid rolled out an IOTA-powered platform to assist in fighting the coronavirus.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.