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BTC $78,722.32 -0.32%
ETH $2,495.90 +0.60%
BNB $755.68 +2.16%
XRP $1.44 +2.91%
SOL $104.19 +0.32%
TRX $0.3396 +1.70%
DOGE $0.0906 +0.67%
ADA $0.2263 +2.54%
BCH $258.87 -2.85%
LINK $12.75 -1.29%
HYPE $84.25 -1.30%
AAVE $130.35 -1.20%
SUI $0.8288 +1.93%
XLM $0.1915 -0.29%
ZEC $1,193.69 +2.94%

IOTA 2.0 public testnet launched, introducing PoS mechanism

2024-05-15 21:03:17

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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