IOTA Releases New Version (0.1.0) Of Its Coordicide Alphanet

The blockchain non-profit network IOTA releases a new alphanet and is in the coming altcoin news for announcing the version 0.1.0 of the Coordicide Alphanet ahead of the planned launch in Q2. This will go on IOTA’s Rust-based node (Bee). This early release is part of the company’s plan to move the network to a coordinator free IOTA mainnet as a blog post on February 3 showed.

Per the blog post, IOTA released the version 0.1.0 of its Coordicide alphanet which was intended on the Rust-based node (Bee) in the second quarter of the year. The early launch, however, could be largely attributed to the success of the Hornet team and their active collaboration with the GoShimmer team.

As IOTA releases this new version, the major features now include Autopeering, Gosspit, Rate Control and API which were all released on this version of the Coordicide alphanet. The IOTA news now show that the network behind the cryptocurrency took it one step further, highlighting on the operation of these features and outlining that the Autopeering feature enables automatic peer discovery as well as distance-based neighbor selection.

“In our tests, a new node joining the network takes only a few seconds to discover and connect to neighbours. Similarly, when a node goes offline, its neighbours find an alternative within a few seconds,” the team said.

On the other hand, Gossip is a network layer which sends and receives new transactions and Rate control is a temporary non-mana based rate control which limits transaction issuance. The API which IOTa releases also provides an interface to send data (0 value) transactions and query to the Tangle.

The IOTA network also revealed that it is building other modules in accordance with the Coordicide alphanet roadmap. As such, all the future versions of the alphanet will feature Initial Snapshots, FPC implementation, Mana, Tip selection and Mana-based rate control.

All of this shows that as IOTA releases the new features, the blockchain company has been actively developing features to foster the growth of its ecosystem as well as accelerate adoption. At press time, the price of IOTA (MIOTA) is up by 3.40% and is trading at $0.33 with a positive sentiment.