IOTA's newly updated Coordicide whitepaper validates previous research

IOTA announced the release of the updated version of their Coordicide Whitepaper.

According to the company's blog post, the newly released whitepaper contains revised and updated content that has already been published in the past year and will be used to validate the initial work put in by the company.

Coordicide whitepaper done after a year of research.

IOTA, the ambitious blockchain project set out to revolutionize IoT economy, has just announced the release of the updated version of the Coordicide Whitepaper.

According to the company's official blog post, while the first compiled version of the Whitepaper was released back in May 2019, the newly released version is a product of over a year of research.

The company explained that almost all of the "Revised and updated content" that has made its way into the whitepaper has already been published throughout the past year.

IOTA and the IOTA community, through forum discussions on IOTA.cafe, have both participated in refining the original Coordicide research.

The Coordicide research grant program seems to have paid off.

The interconnectedness of the IOTA network depends on one transaction validating two previous ones before being able to validate itself.

Coordicide will effectively remove the Coordinator, which will be a momentous step towards realizing IOTA's promise as the first decentralized and scalable DLT, the company said.