(BERLIN, GERMANY – June 2020) The IOTA Foundation, a non-profit focused on distributed ledger technology (DLT) and open-source development, together with the IOTA community announced that it has released the latest version of its node software called Hornet.
Hornet is a lightweight node written in Go. The new node software paves the way to IOTA 1.5 (also known as Chrysalis) - a set of protocol enhancements that will lead to a substantial increase in network speed, performance, and usability.
A stress test conducted by the IOTA community demonstrated a stable network of more than 150 nodes with over 650 confirmed TPS, representing an increase in transaction throughput by a factor of twenty. Hornet consumes 10 times less memory under normal operation compared to IOTA’s previous node software IRI, and with Hornet’s improved user experience, developers can now set up nodes in a matter of minutes.
With Hornet’s release, the IOTA community also officially begins the protocol upgrades that will culminate in removing the coordinator node from the network. Components of “Coordicide,” also known as IOTA 2.0, have already been integrated and tested in the Hornet node software.
“Due to IOTA’s parallel architecture and feeless transaction model, developers can build real-world applications without the constraints imposed by traditional blockchain technology. IOTA’s focus on regulatory compliance, standardization, and industry collaboration are key pillars of its adoption strategy. Many of the upcoming protocol upgrades were developed in partnership with our community and network of industry and academic partners,” said Luca Moser, Software Engineer, IOTA Foundation.
"We are proud and excited to deliver Hornet to the IOTA community and finally bring the first Coordicide components to the main network. With the new Hornet release we expect the number of nodes in the IOTA network to increase significantly, and we welcome any feedback on further improvements and features requested by the community." -Hornet Team
IOTA is a global not-for-profit foundation incorporated and headquartered in Germany. The IOTA Foundation's mission is to support the research and development of new distributed ledger technologies (DLT), including the IOTA Tangle. The Foundation encourages the education and adoption of DLTs through the creation of ecosystems and the standardization of these new protocols.
The IOTA Tangle moves beyond blockchain by providing the world's first scalable, feeless and fully-decentralized distributed ledger technology. The Tangle uses its own unique technology to solve three fundamental problems with blockchain technology: high fees, scaling and centralization. It is an open-source protocol connecting the human economy with the machine economy by facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less micropayments, and secure access control for devices.