IOTA has unveiled its latest development, "IOTA 2.0," a testnet that transitions from Proof of Work to Proof of Stake to enhance network scalability and security. This new iteration aims to make the IOTA network more environmentally friendly by reducing its energy consumption. By eliminating the central entity that previously managed consensus, IOTA 2.0 focuses on achieving genuine decentralization and exploring new efficiency concepts. The update is poised to attract green solution-oriented companies and strengthen trust and adoption across various sectors including finance, healthcare, and smart cities.
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