IOTA (MIOTA) has fully tested the parallel reality-based ledger status, which was the only missing piece that prevented the smooth running of the test network without a coordinator, a significant step towards realizing IOTA 2.0.
Hans Moog, popularly known as HusQy, a member of the IOTA Foundation, made the disclosure on his Twitter ID. He said the parallel reality based Ledger State was the last missing piece for the coordinatorless test network, a different means of monitoring the status and condition of IOTA DLT, the heart of IOTA 2.0.
The parallel reality-based ledger status will offer IOTA 2.0 a high level of flexibility never before seen on the web.
Tangle Multiverse not only perfectly decouples consensus and monitors the ledger, but also reduces the complexity of the message needed to vote, as it only accepts voting in conflicts.
Since UTXO and account-based models are still in use, the new technology makes it the first time, in approximately 10 years, that a new accounting statement model will emerge. Arguably, the model is one of the rare efficient ways to track the conditions and status of a decentralized system.
According to HusQy, the model brings the IOTA space (MIOTA) closer to the inaugural public test network.
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
For now, the only thing missing is the library that allows interaction with nodes and networks.
The IOTA 2.0 (Coordicide) roadmap is expected to be phased in by the end of 2020, and ecosystem developers are working together to ensure that the Rapid Probabilistic Consensus (FPC) protocol is implemented using the UTXO model.
As the Coordicide release approaches, the protocol has three layers: network, communication, and application layers.
The network layer, as described by IOTA (MIOTA) refers to the management of packet transmissions and connections between nodes.
For the communication layer, it is primarily concerned with creating a standardized platform for communication and storage of vital information. However, for the application layer, it houses many applications that run in the tangle of messages.
IOTA presents Lidbot
Recently, the IOTA Foundation showed the Lidbot device that is used to automate waste disposers. The Lidbot is a great addition to the smart city idea devised by IOTA and enables the realization of the tangle approach.
In January 2020, when the automated waste management system device was first released, it sold its product within four days of launch. Lidbot was said to be the first IOTA technology product to be released.