9/2/2023 0 Comments Iota news chrysalis![]() On top of that, the new output types in Stardust will allow you to write arbitrary data directly into the ledger state, which means these datasets are not pruned by mainnet nodes after some time as it is the case with pure data messages on the Tangle.Īn illustrative example of that would be the DID document used in IOTA Identity. Stardust aims to change this and transform IOTA into an infrastructure layer for smart contract chains while at the same time making it a multi-asset ledger. Today, the Chrysalis ledger is optimized for a single application: cryptocurrency payments. The UTXO model can be extended with special application logic for trustless atomic operations.The feeless property of the protocol preserves value for inter-chain value transfers.The asynchronous nature of the Tangle and the UTXO ledger model allows parallel transaction processing.IOTA is well suited to be the foundation for distributed ledger technology (DLT) networks to operate on top of it, because: Think about the Tangle as the interstate highway system: it provides the means for people and goods to flow freely between states, just like the Stardust protocol allows digital assets and information to travel between smart contract chains, each of them functionally equivalent to a blockchain like Ethereum being connected through the IOTA Tangle. The second-layer approach employed by ISC enables horizontal scaling and unprecedented levels of throughput but relies on the base IOTA protocol to supply the trustless infrastructure for interoperability. ![]() Naturally, the question then arises: why do we need to modify the current IOTA protocol to enable the running of smart contracts on top of it? This way, dApps will be able to launch on the IOTA mainnet together with the new protocol. By the time it hits the IOTA mainnet, our community will have had time to learn the ins and outs of the new protocol and build applications and tooling. Stardust will debut on Shimmer, IOTA’s staging network, and will undergo thorough testing and community validation. The Stardust upgrade allows us to enable smart contract support on the mainnet, before Coordicide. Hence, it is a logical step to port the new protocol features over to the IOTA mainnet as soon as possible to enable our community to start building smart contract-based use cases on the IOTA mainnet. We learned a lot from this phase and identified that the needs of ISC on the current IOTA protocol are not fully covered by the decentralization efforts of Coordicide. The ISC Beta launched on the DevNet last October and its base layer protocol received support to properly accommodate smart contracts. In parallel to our work on Coordicide, we have been building the IOTA Smart Contract (ISC) protocol on top of the IOTA 2.0 DevNet. Why do we then need Stardust as an interim step between Chrysalis and Coordicide? The Chrysalis protocol has been running stable on the IOTA mainnet ever since and protocol efforts have been concentrated on Coordicide with the aim of full-scale decentralization, currently being tested through the IOTA 2.0 DevNet implementation. Last year's Chrysalis upgrade delivered major improvements to IOTA's performance, stability, reliability, and security while doing away with unnecessarily complex and unorthodox concepts, and instead simplified and aligned with industry standards and best practices. ![]() If you are looking for a condensed introduction, check out Stardust in a nutshell. In this blog post, we explore the origins of Stardust and the detailed benefits it will bring to the table. The IOTA protocol is set to receive its biggest utility upgrade after Chrysalis: Stardust builds on last year's Chrysalis network upgrade and adds unprecedented utility. Stardust debuts on the new Shimmer network before being ported to the IOTA mainnet. The new ledger is capable of conditional transfers and NFTs can function as wallets, while additional protocol improvements protect node resources, eliminate client-side trust assumptions and improve load balancing capabilities of the network. Stardust transforms IOTA into an infrastructure layer for smart contract chains and introduces custom tokens.
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