For all those lost and confused about Cryptos future: Remember that there are projects like #IOTA that have been relentlessly building for real world adoption since 2015.
We are more focused than ever to help professionalize the industry.
Some key highlights 👇
We have recently finished upgrading our parallelized DAG ledger with an execution layer that supports both EVM and WASM-based smart contracts.
This protocol upgrade is being tested in @shimmernet (our staging network) before it hits the IOTA mainnet: shimmer.network
With this, we will finally have smart contracts and #DeFi applications running on top of Shimmer and (later) on IOTA! Our community has already been very busy building close to 70+ applications that will soon go live: tangleverse.io
The IOTA Foundation is the only regulated and compliant non-profit foundation in the crypto industry. We are based in Berlin and are audited regularly by the financial authorities.
In addition to that, we just recently established the Swiss-based Tangle Ecosystem Association.
IOTA has no VCs. Fixed supply only. There is no inflation. 100% of the token distribution went to the community.
These fair and sustainable tokenomics will help us lead our way to building a truly scalable, decentralized trust infrastructure.
We are currently preparing everything to bring IOTA 2.0 onto the mainnet ASAP. Our novel leaderless consensus empowers anyone to be a validator, with 1s finality times. IOTA will be a multi-chain network where anyone can build their own sovereign AppChain secured by the L1.
IOTA is one of the finalists of building the European Blockchain Services Infrastructure (EBSI)! Once successfully completed, this will be the largest Blockchain deployment in the world - built with #IOTA.
We also have very exciting applications built by our community. EnergieKnip (local currency for energy efficiency) is already being used by 50k households in the Netherlands!
With the introduction of Smart Contracts on Shimmer and IOTA our community will finally be able to build truly decentralized and trustless applications. True permissionless innovation will emerge - with $IOTA and $SMR at its core.
Together with the leaders of the industry like Ethereum and Cosmos, we will do our best to march forward and make sure that Crypto is not just seen as a quick money making (or losing) scheme.
We are here for the tech and will lead it on its way to have real impact on our world.
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The full potential of Blockchain has yet to be realized. Europe is in a unique position to be a leader in the development and adoption of these new technologies.
This is the surest path yet to ensure the technological sovereignty of Europe and prepare us for the next century.
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
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).