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ETH $1,880.76 -4.23%
BNB $564.90 -1.74%
XRP $1.05 -4.72%
SOL $73.14 -4.62%
TRX $0.3241 -2.30%
DOGE $0.0699 -4.24%
ADA $0.1557 -6.12%
BCH $212.75 -2.36%
LINK $8.33 -5.91%
HYPE $55.36 -7.92%
AAVE $97.54 -3.39%
SUI $0.6803 -5.43%
XLM $0.1722 -5.24%
ZEC $467.79 -7.17%

IOTA 2.0 public testnet launched, introducing PoS mechanism

2024-05-15 21:03:17
Collection

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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