The IOTA project unveiled on Feb. 3 a series of upgrades dubbed Chrysalis, an intermediate stage between now and the removal of the Coordinator. The upgrade introduces several important features, some of which change long-standing IOTA principles.
Chrysalis, or IOTA 1.5, takes its name from the second stage in a caterpillar’s metamorphosis into a butterfly. It is specifically designed as an intermediate step before the “Coordicide,” a long-planned initiative to remove the Coordinator from the IOTA network. The Coordinator is, in essence, a centralized server managed by IOTA developers that creates checkpoints in its transaction history. This is a necessity due to the unique blockchain-less structure used by the project.
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Source: Cryptocurrency - investing.com
