IOTA

<ul><li>IOTA Foundation announces a shift from the Coordinator to a decentralized Validator Committee, enhancing network decentralization.</li><li>The move improves network censorship resistance and uptime, reducing dependency on a single entity and boosting overall security.</li><li>The Validator Committee is a temporary step towards full decentralization with IOTA 2.0, where token stake-based committee formation will be introduced.</li></ul>The IOTA Foundation has revealed plans to replace its Mainnet Coordinator with a decentralised Validator Committee, which is a significant development for the IOTA network. The organization&#39;s move represents a step towards decentralisation, increased network stability, and resistance to censorship. According to the <a href="https://blog.iota.org/replacing-coordinator-with-validator-committee/" rel="noopener noreferrer nofollow">announcement</a>, &#34;This change means that the placement of milestones will no longer rely solely on a single Coordinator managed by the IOTA Foundation&#34;.The transition, which eliminates reliance on a single entity and improves network uptime while addressing existing vulnerabilities, was announced in a tweet:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ac70b8d7c1364923a817b9777beee598.png" />IOTA is a distributed ledger designed to power microtransactions among IoT devices, and its cryptocurrency is known as MIOTA. The current news stated that the IOTA Mainnet Coordinator, which currently serves as the network&#39;s transaction verification referee, would be transformed.The Coordinator works by issuing milestones to confirm transaction validity in batches, a process that adds security but also raises concerns. Essentially, the Coordinator system has the ability to block transactions if milestones are not met in a specific way. Because of the vulnerability to downtime and transaction confirmation issues, the IOTA Foundation has initiated changes.Read full article at<a href="https://cryptotale.org/iota-announces-transition-from-coordinator-to-validator-committee/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

IOTA Announces Transition from Coordinator to Validator Committee

CryptoTale

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