- The IOTA 2.0 protocol aims to remove the central coordinator factor from the system, making the network more functional.
- The GoShimmer protocol, a prototype node software exploring the implementation of IOTA 2.0, is still in development and undergoing additional fixes to ensure its usability.
IOTA is a next-generation protocol that has been dominating the space with its massively functional applications for the real world. The network’s reputation has set the bar high for the development of the upcoming IOTA 2.0 protocol, which aims to eliminate the central coordinator factor and enhance the network’s functionality. For months, ecosystem partners have eagerly awaited the arrival of IOTA 2.0, which promises to be a game-changer for the network. However, the protocol’s success hinges on the effectiveness of the GoShimmer protocol, a prototype node software being developed to explore the implementation of IOTA 2.0.
The GoShimmer protocol is designed to be a prototype node software that explores the implementation of IOTA 2.0. Developmental efforts and testing being implemented on the GoShimmer network reflect what will become of IOTA 2.0, and many industry stakeholders are keeping a keen eye on the development of the team. The protocol is expected to take a bit longer to develop than anticipated, according to an update from Jonas Theis, a top Research Engineer on the project. The team is working on additional fixes for the protocol to correct bugs and make it as usable as possible. They are cleaning and refactoring the codes to enhance the portability of the protocol for the new node software being designed.
It is not unusual to see developers spend additional time on new innovations as they make an attempt to push the prospective product to a perfect fit for the market. The GoShimmer developers are looking to uphold the major reputation of IOTA as they build out the protocol. The idea behind IOTA 2.0 is such that it requires perfection before it hits the market, and the time being spent on the development has been tagged by keen observers as something that will be worth everyone’s time in the long term.
While the GoShimmer development is still in progress, a lot of industry stakeholders are already pledging immense support for the protocol. As reported earlier by Crypto News Flash, the native token of the Shimmer network, SMR, was set to be listed on several digital currency trading platforms like Bitpanda. Bitpanda specifically asked the Shimmer Twitter handle when the token would be available, a show of support for the project as a whole.
The GoShimmer protocol may take longer to develop than originally anticipated, but the effort being invested in creating a flawless product will be worth it in the long run. Jonas has confirmed that there are no plans to make any significant changes to the codebase, indicating that the remaining tasks are superficial. The protocol’s development continues, and the potential for IOTA as a next-generation protocol continues to grow. With the possibility of EVM compatibility, IOTA’s functionalities could surpass those of its top competitors.
In all, the outlook of IOTA as a next-generation protocol is growing, and with the potential launch of EVM compatibility, its functionalities can grow beyond those of its top competitors. The GoShimmer protocol is garnering immense support from industry stakeholders, and as it undergoes additional fixes to ensure its usability, it will be interesting to see what the future holds for IOTA and the GoShimmer protocol. The potential for the IOTA 2.0 protocol is immense, and the investment of time and resources into its development is a testament to the community’s belief in it.