IOTA News: Update and progress on Chrysalis Phase 2

IOTA is making progress. The development team conveyed this message last week in a blog post published on November 19. Jakub Chech, the Director of Engineering, spoke in the weekly Chrysalis update about the steps of phase 2. Let’s take a quick look at the IOTA news.

IOTA News: Update on Chrysalis from Jakub Chech

The transformation from IOTA towards IOTA 2.0 is a constant and long-lasting process. Therefore, the Foundation tries to present the state of affairs in regular IOTA news and updates.

Transparency and communication should maintain trust in investors and show which specific measures are being worked on.

After IOTA had already reached an important milestone with Chrysalis Phase 1 in the eyes of this year, the engineers are now working on the implementation of Phase 2.

In the current IOTA News it is now announced that significant progress has been made in developing a wallet for Chrysalis phase 2.

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Chrysalis Phase 2 brings new wallet and replaces Trinity

A new wallet is to be implemented with Chrysalis 2, which will replace the existing Trinity wallet.

We would like to provide a first alpha version for the community in the next few weeks.

The development work is currently still running on private test networks. However, they want to create public test networks and make them accessible as soon as possible.

The IOTA News emphasizes that you work with external auditing companies to ensure a high level of quality and to guarantee a smooth process.

Jakub Chech informs with the current blog post about the current state of affairs and confirms the self-declared goal of the so-called „Mission Coordicide“.

What is your opinion on the current IOTA news? – Are you still following the development of the project and what opportunities do you give the development of IOTA?