IOTA launches new testnet “IOTA 2.0”, removes PoW and introduces PoS

Internet of Things blockchain ecosystem IOTA announced the launch of its “IOTA 2.0” testnet.

IOTA announced that “IOTA 2” will enable the migration from Proof of Work (PoW) to a decentralized Proof of Stake (PoS), which will result in increased network scalability and efficiency.