Honey, the third and final phase that will lead to IOTA 2.0, will be the first version of the fully decentralized network. The IOTA network is preparing to launch the first phase of Chrysalis, also known as IOTA 1.5, on its mainnet sometime next week. In the context of IOTA, Chrysalis is the mainnet’s intermediate stage before Coordicide is complete. IOTA prepares for Chrysalis mainnet upgrade launch that is only a week away from going live so let’s find out more about the preparations in the latest IOTA news.. IOTA prepares for the first phase of Chrysalis or IOTA 1.5 that will go live sometime next week. The Chrysalis network upgrade is slated to […] Thank you for your continued support and we assure you of our best services at all times. IOTA 1.5 is … Coming next week! According to a tweet published by the IOTA Foundation, the upgrade will allow the network to process 1,000 transactions per second, and will institute 10-second confirmation times. IOTA 2.0. IOTA Foundation, a non-profit focused on distributed ledger technology (DLT) and open-source development, announced today the first phase of its IOTA 1.5 network upgrade (“Chrysalis”) will be live on the IOTA mainnet next week. This post explains what the Chrysalis upgrade entails. The first phase of #Chrysalis (IOTA 1.5) on our #mainnet with significant performance, usability, and reliability upgrades. The updates create significant performance, usability, and reliability upgrades to the current IOTA network. Further upgrades are planned for 2020 However, the upgrade of IOTA Mainnet does not end with the migration of the new features. Regards, OKEx July 21, 2020 (UTC) This makes IOTA 1.5 much more powerful than the current IOTA Mainnet. IOTA Foundation, a non-profit focused on distributed ledger technology (DLT) and open-source development, announced today the first phase of its IOTA 1.5 network upgrade (Chrysalis) will go live on the IOTA Mainnet on August 19th. The expected upgrade is a series of improvements that will sufficiently prepare the company for Coordicide. The IOTA network is preparing to launch the first phase of Chrysalis, also known as IOTA 1.5, on its mainnet sometime next week. Chrysalis upgrade, which enables IOTA mainnet, running on tangle technology, to handle up to 1000 transactions per second (TPS), has been completed successfully. According to a tweet published by the IOTA Foundation, the upgrade will allow the network to process 1,000 transactions per second, and will institute 10-second confirmation times. We apologize for any inconvenience this may cause. Chrysalis (IOTA 1.5) is the mainnet’s intermediate stage before Coordicide (IOTA 2.0). A chrysalis is “the form a caterpillar takes before it emerges from its cocoon as a fully-formed moth or butterfly”. According to a press release shared with Herald Sheets, IOTA Foundation, the non-profit building the infrastructure for the Machine Economy and Internet of Things (IoT), is today completing Chrysalis, the most extensive network upgrade in its history. Starting from today, there will be a 1-week token migration phase. Previously, IOTA’s tangle technology had the ability to complete roughly 20 TPS. With over 1k TPS and 10 second confirmation times, this upgrade will bring an entirely new experience to using the current #IOTA network The IOTA team has recently announced that the first phase of the IOTA 1.5 network upgrade (Chrysalis), is now live on the mainnet. Due to the mainnet upgrade of IOTA (IOTA), the depositing and withdrawal services of IOTA will be suspended from 03:30 July 21, 2020 (UTC) until the upgrade is complete. With Chrysalis, IOTA is inching closer to Coordicide, in which a centralized coordinator will be removed from the mainnet. 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