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CoordicideTHE next step IN IOTA’s EVOLUTION
Our goalThe IOTA Foundation is preparing to take its most important step to date in the maturity of the IOTA protocol — realizing the dream of a permissionless and scalable distributed ledger technology (DLT). We refer to this event as Coordicide: the death of the Coordinator
Benefits
Decentralized & PermissionlessUnlike other DLTs, IOTA’s solution does not compromise decentralization in any way.
Finality within SecondsTransactions reach finality in seconds without having to wait for confirmations by external entities. A massively reduced need for reattachments increases the reliability of transactions.
Scalable & LightweightTruly limitless scalability with no protocol-related bottlenecks. The network is limited only by hardware and the laws of physics.
Modular & Future ProofMuch like the Internet Protocol, a layered approach enables extension of the base protocol through additional modules.
Feeless & Data TransactionFeeless transactions enable the secure transfer of data and values between humans and machines, opening up new business models based on micro-payments.
Reliable Governance & Open SourceThe nonprofit organization behind IOTA drives the adoption and evolution of its free and open source technology without any collusion of interests with 3rd parties like miners.
BUILDING BLOCKS
Module 1Node identitiesBuild a reputation and help secure the network by being a good actor.Details
Module 2Auto-PeeringConnect to the network automatically, simplifying node setup and maintenance.Details
Module 3Spam ProtectionEnables low-powered IoT devices to access the network through an adaptive rate control mechanism.Details
Module 4Tip SelectionAn optimized tip selection algorithm improves confirmation times and ensures transaction confirmation.Details
Module 5ShimmerThe revolutionary voting module reaches a consensus in seconds. By leveraging proactive communication in the network it enables near-instant irreversible transactions.Details
WhitepaperFormal Presentation of Our Coordicide SolutionDownloadUpdated 28 May 2019
FPC PAPER 1.0Fast Probabilistic Consensus PaperDownloadUpdated 28 May 2019

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