UTC-05:00,Tuesday , July 14th 2020

IOTA Announces Three Phases That Will Lead To Coordicide Release

15:07 Monday , June 29th 2020
In its new blogpost, the IOTA Foundation, a non-profit that supports distributed ledger technologies, has just announced three phases en route to the removal of the centralized coordinator: Pollen, Nectar, and Honey.
Pollen is described as the 'final blueprint' of IOTA 2.0 that will be deployed mainly for research purposes by the foundation as the official testnet.
The purpose of Nectar, the second phase, will be to get rid of all bugs and other security issues by incentivizing users to find them with rewards.
Finally, Honey will represent the first version of the IOTA 2.0 upgrade, which will make the network fully decentralized.
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