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DOGE $0.0850 +2.36%
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BCH $200.89 +2.85%
LINK $7.83 +2.43%
HYPE $56.74 +1.85%
AAVE $63.05 +4.24%
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XLM $0.1893 +3.18%
ZEC $430.33 +3.93%

IOTA 2.0 public testnet launched, introducing PoS mechanism

2024-05-15 21:03:17
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ChainCatcher news, according to the official blog, the IOTA Foundation has announced the launch of the IOTA 2.0 public testnet. This update introduces a decentralized Proof of Stake (PoS) mechanism, replacing the old coordinator-driven system, and eliminates the traditional Proof of Work (PoW) mechanism, enhancing scalability and reducing environmental impact. IOTA 2.0 aims to create a more secure, scalable, and environmentally friendly network, inviting the community to participate in testing and optimizing this process.

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