![]() Chrysalis Hornet and Bee release – The Chrysalis versions of our node software in Go and Rust will be made available for use on the new network.This means that the Chrysalis network will start with balances on the addresses migrated ahead of launch. Once validated, it will serve as a basis for the genesis ledger state on the new Chrysalis network. This snapshot will be shared with the community along with instructions on how to validate it (just like we did with global snapshots in the past). New network snapshot – We will take a ledger state snapshot of the legacy network.Coordinator on the legacy network stops – milestones will stop being issued.Seven days after the migration period begins, we launch Chrysalis: Migration documentation – we will publish guides and migration how-tos for token holders and developers.Firefly will serve as the main way for users to migrate funds from the legacy to the updated Chrysalis network. Firefly release – together with the update, we release a public version of the Firefly wallet.This means that non-migration transactions are no longer supported on the current Mainnet with this Hornet version. This version of Hornet only supports sending migration transactions. Hornet release – we will release a new version of our node software “Hornet”. ![]() Seven days before we launch Chrysalis the following happens: Stay tuned! The process in more detail Before Chrysalis We will be publishing more information on the technical aspects of the migration in a follow-up post, together with an FAQ on our documentation site. This post gives an overview of the migration process. We are working with major exchanges to ensure that funds on exchange wallets are migrated to the updated Chrysalis network automatically. We will publish documentation and FAQs to explain the technical details, as well as instructions on how you can transfer tokens programmatically. That is all it takes to migrate your funds from the old IOTA network to the new IOTA network. If you migrate after Chrysalis launch, your funds will become available shortly after you migrate. If you migrate before Chrysalis launch, your funds become available at Chrysalis launch. Your funds become available on the network, in the EdDSA address Firefly created for you.Firefly sends your funds to a predetermined migration address on the old network.Firefly creates you a new seed and generates an EdDSA address for the new network.Whether before or after Chrysalis, all you will need to do is enter your IOTA seed into the new Firefly wallet, and it will take care of everything else. Firefly will guide you through the migration process You should not feel pressured into migrating ahead of Chrysalis launch, but we recommend getting it done when you have some time available. Token holders will continue to be able to migrate their tokens at least until Coordicide. It is however recommended that exchanges migrate ahead of the network launch to avoid any interruptions to their service. Ultimately there is no practical difference between these two options and you can choose to migrate when you want. After Chrysalis launch – A continuous migration will allow users to transfer their funds to the new network anytime after Chrysalis launch.Before Chrysalis launch – Funds migrated during the week before Chrysalis launch will be available on the new network straight away after launch.The migration process to Chrysalis phase 2 consists of two phases: What follows is an explanation of that migration process. This means that everyone will need to migrate their tokens from the current network to the new one. The new network will support many new use cases and create a foundation for IOTA’s upcoming Coordicide. With Chrysalis we make a clear cut from the current IOTA protocol, and start anew with a much better, and more mature network. This post will provide you with additional information surrounding the upgrade process. Recently, we shared more information on Chrysalis, the largest upgrade in the IOTA network’s history.
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