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BTC $78,515.74 -0.78%
ETH $2,489.84 -0.10%
BNB $752.45 +1.59%
XRP $1.43 +2.14%
SOL $103.78 -0.38%
TRX $0.3389 +1.45%
DOGE $0.0900 -0.31%
ADA $0.2237 +1.01%
BCH $257.43 -1.24%
LINK $12.68 -2.08%
HYPE $83.88 -1.61%
AAVE $129.11 -2.57%
SUI $0.8205 +0.19%
XLM $0.1902 -0.80%
ZEC $1,177.18 +0.87%

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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