The #Chrysalis upgrade was a big success, with 90% of the #IOTA supply fully migrated (more than $3.5b)
With this upgrade, we began to broaden our vision by introducing exciting new utility features on L1 and L2, and accelerate the transition to IOTA 2.0 (Full Decentralization).
Our objective is clear: Build the best possible Layer 1 DLT that is feeless, fully decentralized and minimizes trade-offs.
Big claim. How are we making this a reality in 2022?
First of all, #IOTA is becoming a multi-asset ledger, supporting native tokenization. Any crypto asset can be minted in the IOTA ledger and be #feeless. In addition, we have L1 scripting (output types) for more advanced transactions and use cases.
The last remaining puzzle piece is the removal of the Coordinator and our full #decentralization.
This is why we have IOTA 2.0, our leaderless consensus protocol. The Testnet has been running for months, with the next major upgrade around the corner.
With these components you can see how #IOTA leverages the unique architecture of the Tangle to build a fully decentralized, programmable multi-asset ledger
#IOTA is becoming a network of networks, securing and connecting decentralized economies through a feeless L1