Tag: Goshimmer

IOTA’s ICCA Is Now Live on GoShimmer

by Btcmanager

The IOTA Congestion Control Algorithm (ICCA) is now implemented into GoShimmer. Congestion happens when a network has more traffic than it can accommodate. Without proper congestion management, the network may become oversaturated and fail to operate because nodes can overload their neighbors with more messages than can be managed by an individual node.

ICCA Layering on GoShimmer 

By adopting a layer-based approach, GoShimmer modularity allowed further progress. The first layer covers messages; each message includes metadata like the trunk, branch, timestamp, and other information concerning the identity of the issuer node and the payload.

Each payload has a type and some data. Users may interpret data appropriately based on its form (e.g., dRNG type, value transaction). The second layer is the “interpretation layer.” In addition, there is the application layer, where a protocol can leverage the information given by the underlying layer. 

IOTA’s Plan for the Future

The dRNG is also incorporated into its first iteration. This is whereby committee members can run the grand application’s IOTA version and send collective feeds through a GoShimmer node to the network. They can check the correctness of the collecting beacons against the distributed public key by each node.

IOTA has worked on several minor improvements such as improved visualization of the network, both client and server. It has also incorporated a plugin manager which enables developers to easily add and manage plugins, automatic integration tests, versatile and more flexible autopeering that solves previous NAT limits and reverse proxy related restrictions.

Solving Congestion Using Coordicide

According to IOTA’s blog report, the ICCA accompanies the recent update Coordicide(IOTA 2.0). IOTA aims to solve network congestion issues that render the transmission of messages from one node to another a nuisance. 

Using the ICCA algorithm, nodes can select which message should be relayed to their neighbors. IOTA acknowledges that an oversaturated network is a rough experience for node operators all over the crypto industry.

Coordicide distinguishes IOTA from other DLTs(Distributed Ledger Technology) by making it a decentralized and permissionless network. Additionally, the upgrade has enhanced transaction speeds by cutting the time taken by confirmations from third-party entities.

In March this year, IOTA launched a new version of Pollen testnet v0.5.0. The launch birthed Mana, a security protocol made to prevent attackers from exercising Sybil attacks. Mana also acts as data that removes the possibility of forging an identity for Coordicide modules, ICCA included.

Related posts:






Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source

Tagged : / / / / /

IOTA Foundation Unveils New Version of Pollen Testnet

by Btcmanager

The IOTA Foundation has introduced a new version of the Pollen Testnet with a range of significant changes and enhancements. 

IOTA-Mana Collab

According to the report, this release marks the official start of IOTA’s journey with Mana, a new reputation framework incorporated into pollen to mitigate Sybil attacks. 

Mana is perhaps best thought of as a tool used in various roles in the network as a form of Sybil security and a means of managing network congestion. It is related, but it remains separate from the MIOTA token.

Sybil security prevents an attacker from having undue control over the network by creating multiple identities. Congestion control decides who has the privilege to write to the ledger at a time of congestion. Any DLT must include components that comply with these basic specifications.


Mana’s Implementation

According to the blog, the first objective is to evaluate the first iteration of Mana’s implementation to analyze its propagation in the pollen testnet, search for any vulnerabilities, and determine its stability. After this point, Mana will be released to be used as the Sybil security mechanism for IOTA congestion control, the Fast Probabilistic Consensus, auto peering, and the Random Number Generator.

The report also mentioned that the latest release contains new APIs, a new Mana section on the local dashboard, a Pollen Analyzer, and a Grafana dashboard. IOTA will also refactor the Consensus Manager to be independent of the concrete consensus process, enhancing Tangle Visualizer and Documentation. 

According to the paper, the GUI and CLI wallets have been modified to enable the user to identify the node’s identity as the recipient of the Mana transaction agreement.

Implementation of IOTA 2.0 also introduces two methods to measure Mana, Mana one and mana 2. Mana 1 is pledged that is merely equal to the number of tokens moved in the transaction. At the same time, Mana 2 has a predictable progression over time, in the sense that additional token transfers do not influence it. Mana 3, which is a mixture of both, is still under study.

Thus, the Mana module’s successful implementation means that the next stage of the Nectar Coordicide Testnet is around the corner. The team is currently working on the remaining features, such as message finality via approval weight, reorganization, snapshots, timing, and Mana integration with their core modules.

Bringing Change to GoShimmer

Aside from the implementation of Mana, a significant improvement has also been made to GoShimmer, a prototype of node software that enables nodes to achieve a consensus without the Coordinator.

Concerning the change made to GoShimmer, the report says that they have reassessed the Consensus Manager aspect to be agnostic to the actual consensus mechanisms. In this way, GoShimmer can be used as a prototype of IOTA 2.0 and a versatile platform for any DAG-based DLT.


Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source

Tagged : / / / / / / / / / / /

Digital Tokens Coming to IOTA, Chrysalis Mainnet Launch in March 2021

by Btcmanager

The IOTA Foundation is releasing the official protocol Request for Comment (RFC) for the Digital Asset Framework. It has also activated asset tokenization on the Coordicide Testnet (GoShimmer), an update on Feb 18 shows.

Chrysalis Mainnet Launch is in March

Coupled with changes made on Chrysalis, an intermediate step before Coordicide, the IOTA network is getting ready for digital tokens at a tentative time in H1 2021. The IOTA development team has disclosed their intention of deploying Chrysalis onto the mainnet in March 2021.

Accordingly, the project is ready to receive applications for grants for projects willing to explore IOTA’s digital tokenization.

With the transition closer to complete decentralization and even more possibilities in the blockless network, the team said Chrysalis would be the “enabler of exciting new use-cases, partners, and products that have not been possible before.”

IOTA is Fast-Tracking Digital Token Activation

The IOTA Foundation stresses the importance of asset tokenization. It wants to activate this feature “as soon as possible.”

However, how fast this deployment depends on the thorough review of the RFC now that Chrysalis is active.

Towards that end, the IOTA Foundation will be integrating the Digital Assets framework in Firefly, a new wallet designed from the ground up to replace the Trinity wallet.

Unlike other Distributed Ledger Technology (DLT) designs, the IOTA network is secure, decentralized, and energy-efficient despite leveraging a Proof-of-Work consensus algorithm.

Furthermore, it can inherently scale, with throughput increasing with the network’s demand. Unlike Bitcoin or Ethereum, currently bogged by transaction fee troubles, IOTA scalability means zero cost of transactions, even for intensive projects.

Tokenization is Center to IOTA’s Plans

The rising demand for DLT solutions now makes IOTA build solutions that will further spur its adoption.

Consequently, they are unleashing a broad spectrum of tools, libraries, and frameworks for its ecosystem to flourish as they draw maximum benefits from the tangle.

Digital Assets framework details are the first step in the bigger scheme. Tokenization is a cog that interconnects many of the network’s moving parts, including smart contracts.

Specifically, the free and easy tokenization on a scalable machine-facing platform opens new opportunities and possibilities in NFTs and more for users to explore.

As BTCManager reported, IOTA launched their First Party Oracles to protect against data manipulation.


Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source

Tagged : / / / / / / / / / /
Bitcoin (BTC) $ 39,507.59 1.72%
Ethereum (ETH) $ 2,154.53 2.91%
Litecoin (LTC) $ 72.41 0.96%
Bitcoin Cash (BCH) $ 228.07 0.91%