Profile picture
, 7 tweets, 3 min read
My Authors
Read all threads
1\ Today we finished testing the last missing piece for the coordinator-less test network - the "parallel reality based ledger state".

This completely new form of keeping track of the state of a DLT will be the "heart" of IOTA 2.0 and beyond and will give us a level of ...
2\ ... flexibility that has never been seen before. It not only completely decouples consensus and keeping track of the ledger state but it also reduces the required message complexity for voting as it enables us to only vote on conflicts.

It is the first time since more ...
3\ ... than a decade that we see a completely new ledger state model emerge as everybody else still uses the vanilla UTXO- and account-based models.

It is most probably one of the most efficient ways to track the state of a decentralized system and might even use similar ...
4\ ... mechanisms as the universe itself (see @stephen_wolfram new theory of physics).

It was a lot of work and I have been sitting up many nights to tame this beast. But now it is finally done and we can start with the "fun stuff".

We are getting really really close to the ...
5\ ... first public test network as the only thing that is missing is to write a library that allows us to interact with the nodes and the network!

Exciting times ahead!

#IOTA #COORDICIDE #DLTREVOLUTION #JUNE2020
6\ Thank you to the amazing goshimmer team that not only grasped the concepts in just a few weeks but that also helped testing this "mind boggling" new approach.

The emerging complexity of this system is really crazy (see the first picture) and it took us thousands of lines ...
7\ ... of code only for the tests to really make sure everything is working as it should.

Love you guys!
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with HusQy

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Related hashtags

#IOTA #COORDICIDE #DLTREVOLUTION #JUNE2020

More from @hus_qy see all

Profile picture
HusQy
@hus_qy
@durerus @Matze38832284 @Lukas80956410 @Vrom14286662 1\ Nur weil du einen Token erzeugst der "Euro" heißt, bedeutet es noch lange nicht dass er wertstabil ist. Das funktioniert in der Regel nur wenn du ihn dann auch durch echte Euros "deckst" was bedeutet dass man jederzeit diese virtuellen Euros gegen echte Euro umtauschen kann.
@durerus @Matze38832284 @Lukas80956410 @Vrom14286662 2\ Potentiell ist das möglich und ich würde mich sogar freuen wenn jemand einen Stablecoin auf IOTA baut. Das schadet aber in der Regel nicht dem Preis da der Wert dieses Euros ja nicht steigen kann.

Momentan investieren viele Leute in Cryptowährungen weil sie sich einen ...
@durerus @Matze38832284 @Lukas80956410 @Vrom14286662 3\ ... Kursgewinn versprechen. Dementsprechend wäre der IOTA Euro als Anlageform eher uninteressant.

Grundsätzlich ist aber zu sagen, dass das beste für den Preis einer Cryptowährung "Adoption" ist, was nur dadurch erreicht werden kann, dass man neue Businessmodelle ermöglicht.
Read 5 tweets
Profile picture
HusQy
@hus_qy
@CorienKoolen @io_terry 1\ I would assume that it would even require more TPS as an estimate of 20% is most probably too low (not immediately but if it would be used globally).

Considering, that this is just a single use case, it becomes very clear that this can only be done with sharding.
@CorienKoolen @io_terry 2\ And it also becomes very clear that it would make a lot of sense for this sharding to be location-based using a geographical mapping of the real world where all the actors that are interacting "see" each others transactions.

This is exactly what we are working on with IOTA.
@CorienKoolen @io_terry 3\ I have posted the initial concepts of IOTAs geo-based sharding concepts in my tweet from a few weeks ago.

I didn't have time to write the third part of the blog post, yet as we are currently focusing on getting the first coordinator-less testnet out.

Read 7 tweets
Profile picture
HusQy
@hus_qy
1\ @io_terry I just finished watching your presentation on the cup recycling project (youtube.com/watch?v=bjcZiA…) and I have to say that I am in love.

It is an incredible use case not just for adoption but also for making the world a better place and it shows how important the ...
2\ ... data transactions aspect really is.

Critics usually ask: "Why would people use the tokens if they can just use 0-value transactions?" or "Why would we use IOTA for data transactions if we had bittorrent for decades?"

This use case is such a wonderful combination of ...
3\ ... both aspects of the protocol that would not work without the other and it really puts these questions to rest as it gives a very concrete example of why and how these features of the protocol can and will be combined in the real world!

It really amazes me how no other ...
Read 6 tweets

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!