On June 29, 2020, The IOTA Foundation published three new phases for the road to Coordicide – Pollen, Nectar, and Honey – to mark the project’s journey toward the transformation of IOTA into a truly decentralized, scalable, and feeless network.
IOTA, the German distributed ledger technology (DLT) project focused on developing robust Internet of Things (IoT) solutions, explained in their blog post that these three phases of IOTA 2.0 would reveal vital milestones leading up to the production-ready version of the protocol, called the Coordicide.
The IOTA team explained that the objective of this new naming convention is to assist the community and stakeholders in clearly comprehending and quantifying upcoming technological advancements for the IOTA project.
The Path to IOTA 2.0: Pollen, Nectar, Honey
IOTA plans to roll out components of IOTA 2.0 in distinct phases, with Pollen as the initial stage.
This phase will set the foundation for the first practical coordinator-less network for IOTA following the removal of the Coordinator. Therefore, iterative enhancements will advance Pollen into the final, feature-complete release candidate for IOTA 2.0.
Remarkably, the Pollen network will also function as the research podium for the IOTA Foundation, community, and external researchers to validate models from the Coordicide white papers.
The second phase, dubbed Nectar, will entail the next major upgrade release, where the remaining modules will be released onto the IOTA 2.0 incentivized testbed. This means that Nectar will endeavor to get rid of all bugs and security vulnerabilities by rewarding users to find them with tokens.
This vital second phase is set to be released in the second half of 2020 and will contain all Coordicide modules.
The final milestone dubbed Honey, will be the official release of IOTA 2.0 and the first fully decentralized version of IOTA on the mainnet.
Moving Towards Full Decentralization
The final rollout of Honey, which is projected to occur in the first half of 2021, will conclude IOTA’s intensive efforts to research a solution that ultimately replaces its current network.
More importantly, IOTA 2.0 aims to eliminate the “centralized” Coordinator from the IOTA ecosystem. The use of the Coordinator has always been criticized in the crypto space because it gives IOTA Foundation the final say on the status quo of the network.
Essentially, the IOTA coordinator restricts the scalability and security of the entire Tangle, which are some of the most promising attributes of the protocol.
The Coordinator can also freeze deposits of network contributors if it doesn’t account for their transactions when publishing new milestones.