Chrysalis is barely a week away from going live.
The IOTA network is preparing to launch the first phase of Chrysalis, also known as IOTA 1.5, on its mainnet sometime next week.
According to a tweet published by the IOTA Foundation, the upgrade will allow the network to process 1,000 transactions per second, and will institute 10-second confirmation times.
In June, the foundation also released the latest version of its node software, Hornet. This paved the way for IOTA 1.5 following a community-driven stress test, which resulted in a stable network with more than 150 nodes. Testing showed that the upgraded network consumed 10 times less memory than IOTA’s previous node software.
Source:
https://cointelegraph.com/news/iota-revs-its-engines-for-mainnet-upgrade-launch