Iota Foundation to launch staging network and reward token
The staging network, titled Shimmer, will ensure all upcoming Iota upgrades are community-approved before roll-out, one of the critical components of a decentralized governance system. The Iota Foundation has announced the upcoming launch of a staging network, Shimmer, in a bid to advance through the Iota roadmap toward fully functional decentralization.The layer-one network will act as an innovation testbed for developers and builders in the community seeking to evaluate decentralized finance (DeFi) and nonfungible token (NFT) applications. This sandbox model allows applications to....
Related News
The Assembly mainnet, which is expected to launch in 2022, has pledged to distribute 70% of its native ASMB token supply to an array of community participants. Iota has announced the release of decentralized layer-one smart contract network Assembly, and accompanying ASMB token, in a bid to accelerate the expansion of smart contracts across a multitude of sectors, including decentralized finance (DeFi) and nonfungible tokens (NFTs).Assembly utilizes the Iota network's existing architecture, most notably the directed acyclic graph structure, to operate adjacently as an interoperable,....
IOTA, the decentralised Internet of Things tokens, which was till recently in BETA version, is now being launched. IOTA is a micro-transaction crypto-token that will facilitate the architecture involved with IoT. The IOTA protocol runs off of Tangle, which has similar functionality to a blockchain yet acts more like an emulated version, giving it more versatility. CoinTelegraph catches up with David Sønstebø, the co-founder of IOTA, who had earlier talked to us about the technology involved in the token during the BETA launch. CT: When is the full launch happening? David Sønstebø: In IOTA....
IOTA, the decentralised Internet of Things tokens, is now going into beta version. IOTA is a micro-transaction crypto-token that will facilitate the architecture involved with IoT. The IOTA protocol runs off of Tangle, which has similar functionality to a blockchain yet acts more like an emulated version, giving it more versatility. IOTA tokens will be available for testing by a limited number of users outside the company starting early February, said its co-founder David Sønstebø. David Sønstebø had earlier talked to CoinTelegraph in October 2015 after the release of IOTA. We catch up....
On April 21st, IOTA Co-founder Dominik Schiener said the platform was about to enter a new era. Chrysalis 2.0 is set to be deployed next week with a complete overhaul of this network. Firefly, the token’s new native wallet, is a key component and will operate as a bridge from IOTA 1.0 to the 1.5 […]
The Iota board said it had “parted ways” with Sønstebø due to the fact its interests have “diverged significantly” with those of the co-founder. David Sønstebø will no longer be a part of the Iota Foundation, a non-profit which he helped co-found and most recently co-chaired.According to an announcement from the Iota Foundation, the organization has “parted ways” with Sønstebø. It said it was a "unanimous decision, made by the Supervisory Board in the best interest of Iota and its ecosystem."The announcement stated the project’s interests have “diverged significantly” with the....