IOTA Dev team published the latest status report about developments in progress and upcoming upgrades. The new report summons May 2021 activities and plans for the upcoming months.
The update covers development activities in various components of the IOTA blockchain. The most important activities are about Chrysalis, the biggest upgrade in the IOTA blockchain. But other products and services like IOTA Identity, Stronghold, and Firefly are covered this month, too.
The Road Ahead for Expanding the Ecosystem
The upgrades and additions in the IOTA blockchain have been massive, and the ecosystem is getting ready for even bigger expansions. Chrysalis happened some days ago, and IOTA experienced the biggest upgrade in its history, but the development never stops in the blockchain projects.
The teams are always working on improving the services and finding new ways to offer a better experience to users. IOTA Dev team publishes a monthly report publicly to show these activities. The latest May 2021 update covers various components and services in the IOTA blockchain.
IOTA Dev team says that the Chrysalis launch and migration have shown good signs. About ⅓ of tokens are now migrated to the new Chrysalis network.
The subsequent updates are still in progress. One of the essential ones is adding Ledger support to the new Firefly wallet. Besides, the team is now more focused on getting Coordicide ready. It means the IOTA blockchain is moving fast toward the wholly new version.
As for the Pollen testnet, two new versions were published in May 2021. The IOTA Dev team is now working on the latest updates to make Nectar ready for release. Besides, Bee and Hornet are under heavy development to become more ready in the coming updates.
Adding smart contract support to IOTA is one of the essential activities in the latest updates. According to the report:
“The team released the first major version of smart contracts early in March. Since then, we have been heavily focused on refactoring the integration to reflect the latest changes in Pollen, as well as adding new output types to support ISCP on Layer 1. We are also progressing with the EVM integration to the extent of valid execution of Solidity smart contracts. Another large topic is the implementation of a different asynchronous consensus mechanism into the Wasp node software.”
As mentioned above, many parts of the IOTA blockchain are under heavy development and upgrades. New products like IOTA Identity – launched earlier this week – need improvement and upgrades, too. In the end, the monthly report shows that IOTA isn’t slowing down, and developers are very serious about expanding the ecosystem.