There is an announcement from altcoin IOTA, the pioneer of distributed ledger technology. Officially introduced IOTA 2.0, a groundbreaking protocol designed to make digital autonomy accessible to everyone. After an extensive research and prototyping process, IOTA is preparing to launch this innovative protocol. They also provided a comprehensive overview of IOTA 2.0 before network integration in the blog post.
Altcoin IOTA 2.0’s digital revolution vision
IOTA 2.0 is poised to be a consensus and consensus layer with the ability to secure and tokenize assets, facilitate seamless transfers, and foster the development of new digital ecosystems for Web3, businesses, and governments. In a recent update, altcoin IOTA provided important information. Accordingly, Ledger outlined the three key components of IOTA 2.0, as detailed in the Networking and Consensus documents.
Altcoin IOTA recently took an important step. Accordingly, the development before the introduction of IOTA 2.0 launched the Shimmer EVM Public Smart Contract Chain. It is expected that the upcoming release of IOTA 2.0 will represent a pivotal moment in the evolution of blockchain technology.
Stardust upgrade
October 4, 2023 is important as IOTA is scheduled to undergo the Stardust protocol upgrade. This upgrade will bring the altcoin IOTA network in line with the Shimmer network in terms of features. It will also mark an important step towards the integration of IOTA 2.0.
With the Stardust update, the altcoin IOTA network will undergo a fork. Accordingly, two different networks will emerge: IOTA Stardust and IOTA Stardust Classic.
- IOTA Stardust: This network will have a total IOTA supply of 4,600,000,000 altcoins with a circulating supply of 2,785,272,581. Over a period of four years, the tokens will be gradually unlocked through a temporary token release. This would also equate to approximately 12% new tokens per year.
- IOTA Stardust Classic: As the name suggests, this network will be a transition from the existing Chrysalis protocol to the Stardust protocol. It will maintain the current total IOTA supply of 2,779,530,283 altcoins (under the old value).
IOTA Foundation’s commitment
In the future, the IOTA Foundation will put all its support behind the altcoin IOTA Stardust network. On the other hand, the IOTA Stardust Classic network will continue for a limited period of four weeks following its launch.
As Kriptokoin.com, the altcoin IOTA paves the way for a digital future with IOTA 2.0. On the other hand, this marks an exciting chapter in the world of distributed ledger technology.
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