IOTA (MIOTA) has completely tested the Parallel Reality Based Ledger State, which was the only missing piece hindering the perfect functioning of the Coordinator-less Test Network, a significant step towards the realization of IOTA 2.0.
Hans Moog, popularly known as HusQy, a member of the IOTA Foundation, made the disclosure on his Twitter handle. He said the Parallel Reality-based Ledger State was the last missing piece for the coordinator-less test network, a distinct means of watching over the state and condition of the IOTA DLT, the heart of IOTA 2.0.
The completed Parallel Reality-based Ledger State will offer the IOTA 2.0 a high level of flexibility not seen on the network before.
The Tangle Multiverse does not only perfectly decouple consensus and monitor the ledger, it importantly lowers the needed message complexity for voting since it welcomes vote on conflicts alone.
Since UTXO and account-based models are still in use, the new technology makes it the first time, in about 10 years, that a new ledger state model will be emerging. The model is arguably one of the rare efficient ways of tracking the conditions and state of a decentralized system.
According to HusQy, the model brings the IOTA (MIOTA) space closer to the maiden 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 single thing missing is the library that permits interaction with the nodes and networks.
The IOTA 2.0 (Coordicide) roadmap is expected to gradually go into implementation by the end of 2020, and developers in the ecosystem are assiduously working together to make sure the Fast Probabilistic Consensus (FPC) protocol is being implemented employing the UTXO model.
As the launch of Coordicide draws nearer, the protocol, has three layers: the network, communication, and application layers.
The network layer, as described by IOTA (MIOTA) is concerned with the management of packet transmissions and connections between nodes.
For the communication layer, it is majorly concerned with the creation of a standardized platform purposely for communication and storage of vital information. However, for the application layer, it houses lots of applications running on the message tangle.
IOTA Showcases Lidbot
Recently, IOTA Foundation showcased the striving Lidbot device used to automate waste disposers. The Lidbot is a great addition to the smart city idea conceived by IOTA and it is enabling the realization of the tangle’s focus.
In January 2020, when the automated waste management system device was first launched, it sold out its product within four days of launch. Lidbot was said to be the first IOTA technology product to be launched for sale.