In this short thread, I am going to introduce you guys to the Layer 1 innovation network #Shimmer,
which was created to encourage the development of cost-free, highly interoperable digital assets and token economies.
@shimmernet is a DAG-based paralleled settlement layer with greater L2 anchoring capability than conventional blockchains, like #IOTA.
By now you all know the main goal right now for $IOTA is development for the network, Shimmer serves as a testing ground.
$SMR is its native token.
I know a few of you are probably asking yourself why shimmer?
Shimmer simply aims to create a new ecosystem of cutting-edge innovations and token economies on a free, bridge-less foundation layer, developers have an early mover advantage.
-ALL THINGS TOKENIZE: Assets Unlimited
Tokenization Features: With no fees and no bridges, anyone, even L2 smart contract chains, can create and transfer unique tokens and NFTs directly on and through the base layer.
CONNECT EVERYTHING: Advanced Interoperability
All transfers on and via Shimmer are feeless and all chains anchored to the Shimmer network can utilize it as the ultimate safe, feeless bridge for all transactions! L2 bridges are a thing of the past.
INNOVATE EVERYTHING: Validation of technology
Shimmer was created with the "impatient individual" in mind. All future #IOTA updates will initially be made accessible on Shimmer. Each feature upgrade is developed, validated, and adopted faster thanks to the network's incentives.
The $SMR token drives user and builder participation.
And what does the future of shimmer hold?
One word: Limitless
Shimmer is just getting started by the looks of it.
#Shimmer is on phase one of its roadmap and it looks like there’s more innovation that will be presented to us shortly. For now, sit back and enjoy the ride.
If you'd like to keep up to date with time-sensitive opportunities then follow @cyrilxbt
Next, I'll be doing a deep dive into stardust
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• What is #IOTA
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1/
The brand new, completely decentralized #IOTA network is here:
The very best implementation of a feeless Distributed Ledger based on a DAG, It's able to host smart contracts, #Defi platforms, and second-layer applications.