Major progress in IOTA
According to Popov, the work on GoShimmer, the first implementation of Coordicide, is progressing well, so that the first testnet will be launched in a few weeks, after a first alpha version was launched in early February. In particular, great progress has been made in design by implementing a layer-based approach to the protocol. The first layer comprises the messages and other information about the node identity as well as a payload.The second layer is a kind of interpretation layer on which the data (e.g. dRNG type, value transaction) is interpreted. Above this is the “application” layer, which ensures that applications can use the protocol. Another big step forward announced by Popov is the completion of the value transaction development branch and the UTXO model for GoShimmer.
In a research update, the IOTA Foundation informed about the most important progress yesterday.In the new article, IOTA co-founder Serguei Popov focused on the research and wrote that there was recently a meeting for the naming of certain new Coordicide components.
What “may seem trivial” was indeed a challenging task “because of its importance and durability”, as both internal and external developers need to understand what is behind the product, as Popov stated. Thus, Popov’s statements also reflect the of the IOTA Foundation, which was announced only two weeks ago.
A very interesting statement from Popov in this context was that the IOTA Foundation assumes that “the majority of traffic on the IOTA network will consist of ‘0 value transactions’”. As a result, it was decided to rename the objects on the Tangle from “transactions” to “messages”. With the next update in one month the renaming will be finished and published.
On the networking development side, a first complete solution for managing network congestion has been completed. The results of “extensive” simulations show that “fairness is guaranteed and latency is limited”. Popov describes the solution as follows:
Author : Jake Simmons