#April 11 iota news upgrade#
#April 11 iota news Offline#
#April 11 iota news series#

The progress of the specifications has been steady, and now we work with the objective to have the main components ready around the time we upgrade to Nectar. Once these are finished, Nectar will be ready to launch to the public. As the last milestones before Nectar, we will introduce Snapshots and Timestamp voting. In the coming weeks, the team will focus on integrating mana with the rest of the modules: Congestion control, Finality (approval weight), Reorg and dRNG. Currently, we have a network with more than 200 nodes and a network diameter of 5. With this experiment we are looking at finding the right parameters to find a good balance between sybil protection and network connectivity. Nodes in the left part of the network graph have more consensus mana whereas in the right we can see nodes with less or zero mana. We can already see its impact in the Pollen network topology: That means that nodes with similar mana will be more likely to become neighbors. To prevent/limit sybil-based attacks, the autopeering makes use of a screening process called mana rank, that selects a subset from all the known nodes based on their mana similarity.

With the integration of mana, nodes now form their quorum by selecting nodes to be queried proportional to their mana. However, this offers no protection against Sybil attacks, where adversaries run hundreds or even thousands of nodes, to disrupt the consensus. So far our consensus module has treated the opinions of every node equally. With subsequent releases, we started integrating the first components with mana, namely the Fast Probabilistic Consensus (FPC protocol) and the autopeering. In fact, any consensus mechanism, such as On Tangle Voting, BFT, leader based and more, can be plugged in as easily as changing just a few lines in the Tangle initialization. In this way, GoShimmer can be seen not only as the IOTA 2.0 prototype but also as a flexible framework for any DAG-based DLT. We have also refactored the Consensus Manager component to be agnostic with respect to the actual consensus mechanisms implemented. Both the GUI and CLI wallets have been updated to allow the user to define the identity of the node as the receiver of the access and consensus mana pledge of a transaction.

#April 11 iota news series#

With that release we added a series of new APIs, a new mana section on the local dashboard, the Pollen Analyzer dashboard as well as on the Grafana dashboard. The team rolled-out several iterations of the Pollen testnet, starting with v0.5.0 that introduced mana (the reputation system), as well as congestion control (which regulates access to the Tangle), to test its first iteration and study its distribution in such an environment. Below are updates from our research groups detailing these and other advances from the past month: Data security and integrity have become the need of the hour, and that is why IOTA has emerged as a revolution in this field of technology.This month has been quite busy for us, as we enter the home stretch on our way to delivering Nectar, the first feature-complete implementation of our fully decentralized, Coordinator-free network, due in a few weeks! Our groups have all been making excellent progress in turning our research results into usable components, a goal which we are proud to play our part in achieving.Ī few important achievements this month have furthered progress toward releasing the Nectar stage of our Coordinator-free network, including: implementing mana in the Pollen testnet, which allows us to study attacks under realistic network conditions nearing completion on our formal specifications, which allows us to communicate the protocol better to partners and other interested parties, as well as providing the groundwork for the standardisation of the IOTA protocol and completion of our autopeering paper, which is a validation of one of our network components.

#April 11 iota news Offline#

There are some amazing features of IOTA like scalability, low resource requirements, security, offline transactions and feeless transactions which makes it very reliable and trustworthy. All the flaws that we have seen in blockchain technology and the peer to peer transaction feature have been solved by them, and thus they have emerged as a revolutionary technology.

They have been able to do the impossible with the help of their distributed ledger technology alongside a very important feature which is removal of third party or intermediate. Data security has become one of the most important issues for all of us because no one can ensure the safety of data all thanks to the rise in cybercrimes, but IOTA has been ensuring data security for years now. This platform has been successfully keeping highly sensitive data like debits and credits record safe. Currently, the most popular open source distributed ledger, IOTA was built with an aim to become a platform for processing of micro transactions without any transaction fee while keeping private and sensitive data safe and secure.