News

IOTA Released Open Source Coordinator On Mainnet – Bullish Sign For Investors?

The Directed Acyclic Graph project IOTA (MIOTA) released its open source coordinator on the mainnet on April 10, a move that has IOTA investors quite optimistic. The move is the final step in allowing individuals and groups to set up their own private networks, test them, and develop Proof-of-Concepts (PoCs) more easily.

The coordinator, under the name “Compass”, was originally released a few months ago. It is a newer version that offers transparency and makes the IOTA network open source, permitting open source contributions.

IOTA described the initiative in their blog post as follows,

The Coordinator is an important part of the IOTA networks, protecting the network from adversarial parties. We believe that using the open source version will improve all the aspects of the networks, while making the way they work more transparent for everyone.

Users can now set up their own private networks.

IOTA Making Moves

IOTA separates itself from other top cryptocurrencies by the fact that it uses not a blockchain, but a Directed Acyclic Graph (DAG), which the project’s team members believe is ideal for scaling.

The project has joined a number of initiatives in recent times and roped in partners, moves that will add to its exposure and growth. Users have also been posting about their excitement about the IOTA project, as this Twitter user posted,

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

2 weeks ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

2 weeks ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

2 weeks ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

3 weeks ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

2 years ago