This article was first published on IOTA Foundation Blog
IOTA 1.5 is fast approaching…
With it come a range of improvements that will transform IOTA from an exploratory research project into a mature, enterprise-ready protocol. Experimental features like trinary encoding and Winternitz One-Time Signatures (W-OTS) have been removed and replaced with carefully-selected, tried-and-tested standards. These changes will allow IOTA to realize the original promise of a DAG-based DLT protocol without the technical baggage and entry barriers introduced by early design choices.
The primary gateway to a DLT protocol for most people is a wallet. Wallets allow users to manage their cryptocurrency holdings and secure their private key when sending and receiving tokens. Conventionally wallets have limited their functionality to basic payments. But increasingly, wallets are expanding their feature sets and becoming platforms for the many innovations of DLT.
Until now, IOTA’s primary wallet has been Trinity. Trinity set a high standard in the industry, with a slick design and simplified user experience that few other wallets could match. Trinity was IOTA’s first stateful wallet, successfully making one-time signatures safe for human use. But Trinity, like the number system it owes its etymology to, will remain in IOTA 1.0.
We have taken IOTA 1.5 as an opportunity to rethink the wallet from the ground up, from transactional logic to user experience to design. We have drawn on everything we have learned over a three year period and built an app that will serve as a platform for IOTA’s current and future ecosystem. Our wallet for IOTA 1.5 and beyond will be calledFirefly.
Firefly has been built with the future in mind — the wallet’s technical architecture and user interface were designed in the context of later additions like tokenized assets, chat and contact management. Over ...
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