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ZEC $1,171.22 -4.68%
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SPCX $147.61 -0.86%
MU $883.80 +0.26%
AMD $518.19 +0.03%

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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