According to Odaily, the IOTA 2.0 testnet has been officially launched. This update introduces a decentralized proof-of-stake mechanism, replacing the old coordinator-driven system and eliminating the traditional proof-of-work, thereby enhancing scalability and reducing environmental impact. The aim of IOTA 2.0 is to establish a more secure, scalable, and eco-friendly network. The community is invited to participate in testing and refining the process.

The new proof-of-stake mechanism is a significant shift from the previous coordinator-driven system. It is designed to increase the network's scalability, making it more efficient and capable of handling a larger number of transactions. This change also reduces the environmental impact of the network, as it eliminates the need for the energy-intensive proof-of-work process.

IOTA 2.0 is designed to be a more secure and scalable network. It aims to provide a platform that can handle a high volume of transactions while maintaining security and efficiency. The community's involvement in testing and refining the process is crucial to achieving these goals. The launch of the IOTA 2.0 testnet marks a significant step forward in the development of the IOTA network.