Decentralized IOTA 2.0: Testnet Is Getting Closer, but Official Schedule Is Missing

At IOTA, hopes are focused on the integration of the EVM and the “Coordicide” project. With the latter, the switch to a decentralized IOTA 2.0 should be successful. The development work is apparently well advanced.

IOTA 2.0 will first have a public testnet and then celebrate its debut under practical conditions in the side project Shimmer (SMR)

Will IOTA come out of the slump this year? Foundation boss Dominik Schiener at least expects that IOTA can bring new interest among investors and cooperation partners with technological advances. The integration of the Ethereum Virtual Machine (EVM) into IOTA was supposed to happen in the first quarter, but target dates were missed and there is no concrete new schedule. The community is paying close attention to the second flagship project, the desired decentralization of IOTA.

RemSchu and others at X draw attention to the progress in the development work for a decentralized IOTA 2.0 testnet. Accordingly, the node software is ready for a test run and the IOTA Wallet Firefly should also be available in a new version. A software package for IOTA 2.0 has also been launched. However, other areas still need to be reworked; 50 open questions are listed on Github . As a reminder: Since 2016, the IOTA developers have been trying to free the network from the central authority (“coordinator”) and decentralize it under the project name “Coordicide”.

According to current plans, IOTA 2.0 will first have a public testnet and then celebrate its debut under practical conditions in the side project Shimmer (SMR). However, the IOTA Foundation does not communicate an official schedule for this, so the community is speculating in the dark. Realistically speaking, a worthwhile test run of IOTA 2.0 at Shimmer this year seems possible, but not guaranteed. What is at least psychologically disturbing is that Shimmer has been setting new all-time lows almost every day for weeks and is already classified as a failure in many places.

Conclusion: IOTA hopes for liberation through EVM and Coordicide (IOTA 2.0)

IOTA’s price curve has also lost a lot of ground, prices of over $1 were last seen at the beginning of 2022, and the price curve is currently around $0.2. The prospects of an IOTA EVM and public test runs for the “Coordicide” concern the community, but have not yet noticeably reached a wider audience.

Too often we have seen that there is a gap between announcements by the IOTA Foundation and their implementation. Schiener also has to be measured by his actions; he wants to bring IOTA back into the TOP 10 of the most capitalized cryptocurrencies in the world.

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(Featured image by  Ethereum Classic Wallpaper CC0 via Flickr)

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