Firefly will be the new wallet for IOTA 1.5


IOTA published some new details about the development processes towards IOTA 1.5. The team is working hard to make IOTA a comprehensive blockchain solution for businesses. One of the new components in this development process is the Firefly wallet, which will act as a complete IOTA solution.

Creating a solution for enterprise-grade clients has always been an area of ​​focus and effort in many blockchain networks.. IOTA is one of them that has been busy in recent months to develop a complete business focused product. They want to launch fully decentralized IOTA in the future, and IOTA 1.5 is one of the essential steps on that path.

Some of the old components will be removed from IOTA to transition from an experimental solution to a practical one. According to the latest announcement:

“Experimental features like Winternitz Trinary Encoding and One Time Signatures (W-OTS) have been removed and replaced with carefully selected and tested standards. These changes will allow IOTA to deliver on the original promise of a DAG-based DLT protocol without the technical baggage and barriers to entry introduced by early design options.

Trinity has been the main wallet for IOTA users until now. It has been very successful in serving users and providing useful functionalities. But the team believes in the process of a comprehensive solution they need to improve their offerings. As a result, Trinity will remain at IOTA 1.0 and the team will launch a new wallet for IOTA 1.5.

IOTA says primary wallet for IOTA 1.5 will be Firefly. They have used their experience and knowledge from the last few years to rethink the wallet logic and design parts. As a result, Firefly will be a completely new wallet for IOTA users with more services.

The Firefly infrastructure tier is somewhat designed to support additional features in the future. They will gradually add features to make Firefly a complete cryptocurrency solution.

According to the recent announcement, security is one of the top priorities in Firefly development:

“The main steps forward in the first version of Firefly are security, the core user experience and the expandable architecture. If you want an application to become an extensible platform, your main focus should be perfecting its core. "

The first version of Firefly will launch with essential features like profiles, new UX, and some Chrysalis benefits like reusable addresses, 24-word catchphrases, and improved network performance.

If you are interested in this project and want to be informed of everything that happens, visit our News section about Iota

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