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IoTeX Activates v2.2 Protocol Upgrade, Delivering Instant Finality for Real-World AI and DePIN Applications
- IoTeX activated its v2.2 hard fork, achieving sub-three-second transaction finality on June 19.
- The upgrade brings a reduction in block time from 5 to 2.5 seconds, enhancing user experience.
- This development benefits latency-sensitive use cases like on-chain AI agents, DePIN networks, and DeFi.
- IoTeX aims for 2,000 transactions per second in future upgrades without compromising security.
- The upgrade is driven by enhancements to IoTeX’s Roll-DPoS consensus, including Optimistic Block Minting.
- Innovations ensure network operation under high load while maintaining decentralization.
- IoTeX introduced a timestamp-based staking contract (v3) for improved accuracy and user experience.
- Legacy v1 staking contracts are still supported with adjusted options.
- The v2.2 upgrade includes foundational updates for performance and reliability.
- IoTeX becomes the first decentralized Layer 1 to achieve sub-three-second finality without Layer 2 or centralized sequencers.
- The roadmap focuses on security-first scaling, with future upgrades exploring sub-second finality.
- Gas limits will remain conservative, and changes will be made cautiously after extensive testing.
- IoTeX Core v2.2 is live, aiming for instant finality and secure throughput for real-world applications.
- Users are encouraged to check the official GitHub release notes for technical details.
- Media Contact: [email protected] www.iotex.io
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