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

News
Sat, 05/30/2020 - 14:19
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.

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.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
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John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
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Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

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.)