Friday, June 18, 2021

Chrysalis Will Transform All Developers Tools, Node Software in the IOTA Ecosystem

IOTA community anticipates the deployment of Chrysalis, an implementation expected to bring vast change to the functionality of the network and give the development a new and improved experience.

According to the tweet posted via the official Twitter handle of the IOTA Foundation engineering team, Chrysalis is coming with a major transformation for all the developer tools and node software in the IOTA ecosystem.

Read Also: IOTA Co-Founder Says the Most Exciting Times For IOTA Are Yet To Come As Post-Quantum Upgrade Is Implemented

IOTA Engineering tweeted, “Chrysalis will change all of the developer tools and node software in the IOTA ecosystem. We are working on a lot of new documentation for all of this!”

This is the picture of the significance of Chrysalis deployment, which is expected to play out this year.

What Chrysalis Means To IOTA

IOTA Foundation has taken it upon itself to optimize the IOTA mainnet before the rollout of Coordicide and to also offer an enterprise-ready solution for the ecosystem. All these mentioned above can be seamlessly achieved through the implementation of Chrysalis.

Read Also: IOTA to Challenge Chainlink with Alvarium in an Oracle Collaboration with Dell

In a nutshell, the word chrysalis is derived from the form a caterpillar takes before undergoing other stages of growth to become a fully-formed moth or butterfly.

In the case of IOTA, Chrysalis is the intermediate stage of the IOTA mainnet before Coordicide is officially rolled out. Chrysalis is purposely designed to bring vast improvement to the functionality of the current IOTA mainnet for users.

IOTA Partners With Curv to Serve As Custody Provider

On 18th February, IOTA Foundation announced a partnership with Curv, an institutional standard for digital asset security.

As Chrysalis deployment inches closer, Curv needs to integrate IOTA into its MPC custody solution, which is expected to give IOTA token a huge exposure among exchanges.

Read Also: IOTA Releases New Version of Trinity Wallet with Major Improvements and Bug Fixes

IOTA Foundation announced, “We’re excited to partner with Curv as custody provider for the IOTA Token! With the Chrysalis release, Curv is officially able to integrate IOTA into their MPC custody solution. This will open IOTA to an entirely new ecosystem of exchanges.”

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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