IOTA achieves major milestone and launches IOTA 2.0 public testnet

The IOTA Foundation has achieved a major milestone in its journey towards a fully decentralized network with the launch of the IOTA 2.0 Public Testnet. This fundamental development marks a new chapter in IOTA’s history and an exciting milestone in the evolution of digital accounting technologies.

The launch of the IOTA 2.0 public testnet marks the culmination of a multi-year effort to improve the IOTA network infrastructure, moving away from traditional proof-of-work (PoW) and introducing a novel congestion control mechanism, as well as replace the decentralized coordinator with a decentralized coordinator. Proof-of-stake (PoS) consensus mechanism.

Importance of IOTA 2.0

As noted above, the launch of the IOTA 2.0 public testnet is the latest step in IOTA’s continued efforts towards a decentralized future.

in a blog entry, IOTA explains what IOTA 2.0 brings. First, it removes the Coordinator, a central entity that previously managed network consensus. This change symbolizes IOTA’s transition to a fully decentralized system, resolving concerns about the influence of centralized figures on the network.

By eliminating PoW, IOTA 2.0 minimizes the network’s impact on the environment and resource consumption. This is expected to boost IOTA as an attractive alternative for developers and companies focused on green technologies.

The new consensus mechanism aims to improve the security of the network by making it more resistant to attacks and failures. This is critical to building trust and increasing adoption in industries such as finance, healthcare, and smart cities, where security is vital.

Following this historic milestone, the IOTA Foundation invites developers, enthusiasts and partners to join the testnet to learn, experiment and share feedback.