IOTA Releases Hornet v.0.4.0 Node Software, Improves Usability and Performance

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Sat, 05/30/2020 - 14:19
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Vladislav Sopov
IOTA (MIOTA), a distributed ledger platform for IoT devices, announced the release of its brand-new Hornet v0.4.0 software for its node operators.
IOTA Releases Hornet v.0.4.0 Node Software, Improves Usability and Performance
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A new version of Hornet software, which utilizes IOTA's decentralized data structure, will be released next week. IOTA's team shared some details of the future update.

Four UX Upgrades

According to the official statement, Hornet v0.4.0 will bring significant improvements to system performance and user experience (UX).

IOTA's Hornet v0.4.0 will be released next week
Image via Twitter

As of now, the development team is running final tests of Hornet operations. Not only will Hornet v0.4.0 be easier to install, run, and manage than its predecessor, but that its performance will also be more powerful.

Developers leaked four major improvements of their product's UX. Its Advanced Package Tool interface will consist of only one line. Node health data will be broadcasted via a brand-new application programming interface (API).

The most exciting and impressive visual solution is new visualizer of Tangle nodes.

IOTA Tangle visualizer
Image via Twitter

Finally, the speed of the node setup will be bootstrapped by implementing an auto-peering option.

Step Forward

The new release is largely welcomed by IOTA's Founder David Sonstebo. He highlighted that the Hornet team is close to achieving a crucial milestone alongside the progress with the IOTA Foundation:

It's a major privilege to have such a competent and enthusiastic team working alongside the IOTA Foundation. You guys deserve all the praise you get!

Major technical updates were mentioned by Mr. Sonstebo in his recent exclusive interview with U.Today. He outlined that in 2020, these upgrades will put IOTA 'on a completely separate echelon in the sense that we will deliver on all the promises and all the theory that we've been working on since 2014'.

IOTA's founder also emphasized the importance of these upgrades for the mass adoption of IOTA-powered products.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)