- IOTA Pollen minor version 0.2.2 has come with several improvements.
- IOTA noted that the new Pollen version achieved over 10,000 transactions per second.
- Pollen v0.2.1 handled only up to 1,500 TPS.
As per a recent tweet by IOTA, the new Pollen minor version 0.2.2 comes with several improvements. After a synchronization process test, the firm found that the new Pollen version achieved over 10,000 transactions per second (TPS).
The new #Pollen v0.2.2 has major improvements in the solidification process. With just these improvements in the synchronization process, we registered TPS of over 10k, more than 6X faster than Pollen v0.2.1. Stay tuned for future updates! https://t.co/eEb5YY7rdg#IOTA pic.twitter.com/hDwwcM9dmE
— IOTA (@iotatoken) July 28, 2020
According to an earlier BTCManager report, the Pollen v0.2.1 handled up to 1,500 TPS, which was a significant improvement compared to the previous mainnet. According to a blog post published recently, the latest upgrade has improvements in different areas. Message and transaction validation saw an update that includes signature validation before issuance. The maximum transaction input has also been changed in the new upgrade.
In addition to Pollen, IOTA’s Chrysalis also witnessed a peak performance in TPS. According to Dominik Schiener, IOTA co-founder, Chrysalis crossed the 1,000 TPS milestone. Schiener also noted that transactions within the network took 10 seconds to be verified.
IOT/USD daily chart
IOT/USD bears have stayed in control for the second straight day, having already taken the price down from $0.301 to $0.2971 in the early hours of Saturday. The MACD shows sustained bullish momentum. The RSI, which was hovering at the edge of the overbought zone, has dipped down.
IOT/USD has one strong resistance level at $0.305. On the downside, we have four healthy support levels at $0.279, $0.2665 (SMA 20), $0.255 and $0.244 (SMA 50).
Key levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
XRP ruling by Judge Torres denied in Coinbase lawsuit, yet another blow to Ripple
XRP programmatic sales ruling by Judge Torres completely rejected by US Court in Coinbase lawsuit. US Court rejected Coinbase’ motion to dismiss SEC lawsuit, weighing heavily on Ripple’s legal battle.
Sushi price eyes $3 after clearing key weekly resistance level
Sushi price flips the $1.628 resistance level into a support floor after a month of struggle. A temporary retracement might be a good opportunity to accumulate SUSHI before a retest of $3. A breakdown of the $1.267 barrier would invalidate the bullish thesis.
Bitcoin Price Outlook: Will $150 billion bank Morgan Stanley send BTC to new ATH?
Bitcoin has recorded increased volatility this week, with most of BTC holders currently in profit. As market activity continues to grow with long-term holders now ramping up on distribution pressure, the pioneer crypto is bearing the brunt of growing overhead pressure.
Coinbase loses first round of battle against SEC
A day after the SEC filed a lawsuit against Binance last year, it went after Coinbase in a sign that the clampdown is extending to key players in the industry. The latest development in the matter is that the court has ruled in favor of the financial regulator, which means the case will continue.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.