Currently, the task force is engaged in experiments exploring consensus-related aspects, such as validation blocks for various input parameter values. Following this, a data metric plugin for iota-core was implemented to collect data directly.

Initially, the task force proposed a comprehensive parameter list for iota-core with default ranges based on experiments conducted with TangleSim, incorporating the acceptance/confirmation mechanism.

The Parameters Taskforce is responsible for translating mathematical model parameters into high-level (TangleSim) parameters and refining them for both high and low-level (iota-core) models. The Tangle Dynamics Research Working Group merged temporarily with the Parameter Taskforce this quarter the progress of this joint team can be found below. Furthermore, collaborative efforts contributed to the completion of Mana and rewards-related TIPS and the seamless integration of the incentives mechanism into the IOTA core node. As part of the IOTA 2.0 Introduction series, several deliverables were published related to Incentives and Mana. At the same time, it completed and launched the interactive Mana Calculator, enabling users to simulate scenarios involving Mana generation, delegation dynamics, and staking rewards. In Q4, it focused on finalizing the Tokenomics Whitepaper release. The Incentives Working Group is responsible for developing the new incentive mechanism and research subjects related to game theory and tokenomics. Furthermore, the group is in the process of formalizing the proposed hybrid congestion control, which combines subscription models with posted price. Notably, it refined the scheduler, fine-tuned the Reference Mana Cost parameters for enhanced usability, and optimized validation block rules by incorporating a secondary buffer. Responsible for designing the protocol’s access scheme, the Congestion Control Working Group played a crucial role in supporting its implementation in IOTA Core. After finalizing the consensus protocol, the team began formalizing the consensus problem in a broader model to facilitate smart contract support. Responsible for developing the IOTA 2.0 protocol’s consensus mechanism, the Finalization Research Working Group proposed various improvements to align the IOTA Core implementation with theoretical concepts. Details of the team’s contribution are provided in the following paragraphs, describing the advances of each protocol-related working group and task force: The Core Protocol Research, responsible for the design of the fundamental modules in IOTA 2.0, collaborated with the iota-core Development Team to fine-tune protocol parameters and enhance usability. We’ve summarized the advancements made by teams across the Foundation, starting with our researchers and engineers. The last quarter of 2023 was a busy one for the IOTA Foundation and the IOTA and Shimmer ecosystems, with major advancements such as the IOTA 2.0 introduction campaign, the launch of the first DLT foundation to be established under the regulatory authorities in the United Arab Emirates, several exchange listings, the launch of Shimmer EVM, and, of course, improvements to the IOTA core technology. Latest Developments by the IOTA Foundation, Community and Ecosystem

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