IOTAcore, the software that powers the IOTA 2.0 protocol, is on the verge of being released on a testnet for the first time, according to an expert in the field. While the launch of IOTA 2.0 itself may still be a few months away, the team is working diligently to ensure that everything is functioning flawlessly before the full release. This includes not only the node protocol, but also features such as NFTs, native assets, wallets, the SDK, and more.
The IOTA community has been eagerly awaiting the arrival of IOTA 2.0, which was promised to be delivered this year. However, as reported by Crypto News Flash, it appears that the launch may be slightly delayed. Despite this setback, IOTA 2.0 is expected to bring a multitude of improvements to the IOTA network.
IOTA 2.0 is a protocol upgrade that will introduce a range of new features, including fast and democratic consensus, uninterrupted transaction processing, increased decentralization, and enhanced security. This upgrade will solidify IOTA’s position as a global leader in blockchain utility, with applications that extend to real-world asset tokenization, decentralized identity, and digital autonomy.
The expert explains that IOTAcore, the node software that will run IOTA 2.0, is “basically ready.” This is evident from the state of the IOTAcore repository on GitHub, which shows that the developers have completed their work and are now awaiting its debut on the testnet.
However, it is important to note that the launch of IOTAcore does not signify the arrival of IOTA 2.0 itself. IOTAcore is just one component of the upgrade, albeit a crucial one. The expert clarifies that the 2.0 upgrade encompasses various other improvements, such as an updated tokenomics model and a new VM.
While progress is being made, the expert cautions that the release of a public IOTA 2.0 testnet is not imminent. The completion of IOTAcore is a significant milestone, but there are still other components that need to be integrated into IOTA 2.0. These include native assets, NFTs, Layer 2s, explorers, wallets, and software development kits (SDK).
Nevertheless, the development of these components is well underway. For example, Firefly, the IOTA wallet, has resolved the majority of the issues raised regarding its integration into IOTA 2.0. Similarly, the SDK team is making steady progress in resolving the issues they have encountered.
In conclusion, while the testnet for IOTA 2.0 is currently operational internally for the protocol developers, its public release is still on the horizon. The second quarter of the year presents some challenges, not for the iotaCore protocol itself, but for the infrastructure that is being built around it. Nonetheless, the IOTA community can look forward to the imminent arrival of IOTA 2.0 and the transformative changes it will bring to the network.