Money Street News


  • IOTA is aiming to launch the Rebased mainnet by 2025, with targeted scalability and speed with transactions.
  • The network released new features, which include the IOTA Gas Station, and also adjusted its IOTA Identity.

Multichain crypto wallet Nightly App recently took to X to share why 2025 could be a turning point for IOTA, the eco-friendly blockchain. The post revealed that IOTA has been laying down its infrastructure and is on the journey to gain its unique position in the Web3 ecosystem.

Nightly App pointed out that IOTA  currently has a two-tier structure. Its Layer 1 executes smart contracts using the safe and effective Move programming language. Additionally, Layer 2 hosts EVM and Solidity for compatibility with various external applications.

Rebased Mainnet Upgrade Drives Technical Advancements

The IOTA Rebased, which is planned to be launched, is part of the foundation’s development plan in 2025. IOTA Foundation has dedicated the first quarter of this year to preparing the networks for the main net and stabilizing it.

According to the Nightly App, IOTA’s Node Team enhanced its performance by fixing various bugs, as well as improving the monitoring of the infrastructure. The Consensus Team also introduced a new consensus model referred to as Starfish, which increases transaction and traffic speed in densely populated networks.

On the other hand, the Smart Contract Team addressed the security concern and introduced Stardust Indexer, which helps monitor chain activity. Both tooling and DevOps, together with the community, could successfully test browser extensions.

“Tooling & DevOps tested everything from browser extensions to backend services with the community to ensure a smooth launch for all.”

Nightly app

These collective upgrades are intended to make the IOTA network as secure, scalable, and ready for the real world as possible. In addition to the existing development, IOTA is creating an ecosystem that will bring Web3 to users seamlessly.

According to Nightly App’s tweet, the IOTA Identity allows users to regain full control over their digital identity and regain privacy in the Web3 sector. Also, integrating with the IOTA Gas Station enables companies to cover user fees, making dApp onboarding easier.  In its ending statement, the tweet noted, “With the IOTA Rebased upgrade on the horizon, the stage is set for something big.”

Final Preparations Underway for Rebased Mainnet Rollout

As we recently reported, IOTA’s teams across the ecosystem have collaborated to complete core infrastructure and foster ecosystem growth ahead of the mainnet release.  The Rebased protocol was started in 2024, and the community voted to proceed with the update in December.

In preparation for the transition, the IOTA Foundation released a public testnet through which the developers and users could test the new features of the protocol. The mainnet will also include transaction fees for users and validators who need to work on using and supporting the network. 

The core tooling and IOTA Smart Contracts (ISC) have already been audited or are in the process of being audited this year. The ISC has successfully rolled out a version compatible with the IOTA EVM and the Rebased network for the testing phase. As of press time, IOTA is trading at $0.1603, reflecting a 1.59% increase in 24 hours.


Recommended for you:





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


No, thank you. I do not want.
100% secure your website.