The roadmap to Iota 2.0 has reached another milestone as the Iota Foundation launches the Nectar DevNet.
In a blog post published on Wednesday, the Iota developer announced the news of the Nectar DevNet launch which forms an essential part of the preparatory work for the release of IOTA 2.0 slated for late 2021.
The Nectar DevNet follows on the heels of the Chrysalis upgrade and is an expansion of the Pollen Testnet released back in June 2020. The Iota 2.0 DevNet sets the stage for the transition to a feeless, permissionless and fully decentralized Tangle network.
According to the announcement, the absence of a centralized Coordinator is one of the major elements of the Nectar DevNet. Indeed, in Iota 2.0, the legacy Coordinator system will be replaced by a decentralized Coordicide.
Back in February 2020, hackers attacked Trinity — Iota’s native wallet — stealing about $2 million and causing a network downtime that lasted almost a month to prevent further damage from