Update and progress on Chrysalis Phase 2

IOTA News: Update and progress on Chrysalis Phase 2

Things are moving forward at IOTA. The development team conveyed this message last week in a blog post published on 19 November. 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.

The transformation of IOTA towards IOTA 2.0 is a continuous and long-lasting process. Therefore, the Foundation strives to present the state of the art by Bitcoin Circuit in regular IOTA News and Updates.

Transparency and communication are intended to maintain the trust of investors and show which concrete measures are being worked on.

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

In the current issue of IOTA News, the company announces that significant progress has been made in the development of a wallet for chrysalis phase 2.

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Chrysalis Phase 2 brings new wallet and replaces Trinity

A new wallet, Chrysalis 2, will be implemented to replace the existing Trinity Wallet.

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

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

In IOTA News it is emphasised that we are working together with external auditing companies to ensure a high level of quality and to guarantee a smooth process.

Jakub Chech therefore 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 about the current IOTA News? – Do you still follow the development of the project and what chances do you give the development of IOTA?