IOTA Foundation Director of Engineering, Jakub Cech, released updates on the components of the IOTA 1.5 update, also known as Chrysalis. Cech revealed that IOTA 1.5 key features will be audited in November. In addition, the Bee development team will release the node software in conjunction with Chrysalis Phase 2. Then, the launch of Nectar is scheduled for the first quarter of 2021. At that time, all components for the implementation of Coordicide in the GoShimmer node software should be in place. Finally, the IOTA Foundation has moved the Honey phase to mid-2021.