The developer team of the “IOTA” project published a post in which they explained the most important developments and new features added to the project.

First, at the beginning of the post, the IOTA development team explained about the progress made by the IOTA development team in the first phase of the mainnet called “Chrysalis” also known as “IOTA 1.5”.

Details about IOTA 1.5 development progress:

According to the development team, current work is focused on implementing the first phase of Chrysalis features through two teams, Hornet and Bee.

in addition to, announce The team said milestones for the first phase of Chrysalis will be ready by the time the development and functional audit phase of the contracts named “Hornet” and “Bee” is completed.

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Once this stage is completed, many changes and improvements will be implemented on the IOTA network, most notably:

• Modify transaction confirmation times of approximately 10 seconds.
• Improved data transfer rate.
• General contract performance improvements, optimization of the development environment and adaptation of components for commercial use.

The first phase of Chrysalis is scheduled to launch in the second half of July this year.

The IOTA team invited the community to comment on the progress and contribute to the project.

On the Bee team’s progress, the post reveals that they are close to deploying the first alpha version of the “Rust” node.

This node will be executed in conjunction with the first phase of Chrysalis.

Currently, the team is moving prototype components to the main Bee repository.

Additionally, the Bee team is building an approach that will allow creating prototype solutions more easily.

This will improve the speed of future developments.

Additionally, the Hornet team released version 0.4.1 of the node.

The team is working to implement Chrysalis Phase 1 features for the next version of Hornet.

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When the test network was launched, the developer team was pleased that the network had reached 250 active nodes.

Additionally, they note that some subsequent minor versions have been released to fix some bugs.

The testing team is currently working on a fix for the sync issue between nodes.

IOTA Smart Contract Test:

Perhaps the most important development noted in the past week is the testing of smart contracts on the IOTA blockchain.

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Although it is in its initial stage, it will serve as a test for future implementation.

The team also implemented the first tokenized smart contract, which will serve as the basis for testing the implementation of the entire approach, and the team will build its own dashboard and tools.

The IOTA development team has completed the specifications of the new wallet designed for Chrysalis Phase 2.

The team is working on the initial implementation of the wallet and library library for secure storage and handling of private keys.

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