The IOTA Tangle Multiverse public test network as a new consensus model is almost ready, after the IOTA 2.0 concept which could make the Tangle more secure. Let’s read more about this amazing news in the IOTA today news.
The developer at the IOTA foundation Hans Moog announced on twitter that he and the GoShimmer team implemented a new, revolutionary step for IOTA 2.0. According to Moog, the potential idea for the new upgrade, the new “Parallel Reality-Based Ledger State” test network was implemented. The consensus concept used in it is completely new and was based on the idea that was first presented in 2019. The IOTA Tangle Multiverse decouples the consensus and state tracking of the ledger but this is still only a concept that is being tested.
1 Today we finished testing the last missing piece for the coordinator-less test network – the "parallel reality based ledger state".
This completely new form of keeping track of the state of a DLT will be the "heart" of IOTA 2.0 and beyond and will give us a level of … pic.twitter.com/4nujR2AH8B
— HusQy (@hus_qy) June 13, 2020
As Moog describes, his new consensus model for the IOTA Tangle will bring huge benefits and it is also revolutionary because it is the first time in a long time that a new ledger model is being created. The blockchain has so far used either the UTXO or the account-based model:
“This completely new form of keeping track of the state of a DLT will be the “heart” of IOTA 2.0 and beyond and will give us a level of flexibility that has never been seen before. […] It is the first time since more than a decade that we see a completely new ledger state model emerge as everybody else still uses the vanilla UTXO- and account-based models.”
Moog explained that he is often asked why IOTA needs a new consensus model when Coordicide exists and solves the blockchain issues. Moog also said:
“Thank you to the amazing goshimmer team that not only grasped the concepts in just a few weeks but that also helped testing this “mind boggling” new approach. The emerging complexity of this system is really crazy (see the first picture) and it took us thousands of lines.”
At last for the iota news coin, he announced that the coding of a library will have to be completed to communicate with the network and the nodes. The first public test network is now going to happen soon:
It was a lot of work and I have been sitting up many nights to tame this beast. But now it is finally done and we can start with the “fun stuff”. We are getting really really close to the first public test network as the only thing that is missing is to write a library that allows us to interact with the nodes and the network! Exciting times ahead!
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