IOTA Revs Its Engines for Mainnet Upgrade Launch

Cointelegraph

Published Aug 10, 2020 05:10PM ET

Updated Aug 11, 2020 07:00PM ET

The IOTA network is preparing to launch the first phase of Chrysalis, also known as IOTA 1.5, on its mainnet sometime next week.

According to a tweet published by the IOTA Foundation, the upgrade will allow the network to process 1,000 transactions per second, and will institute 10-second confirmation times.

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