There is only one technology that allows for unique, immutable digital records of data - and that is Blockchain.
The applications that are enabled from this innovation are endless, and we must focus on making those a reality and stop wasting time on pipe dreams.
Tokenization is key to our future - and to break up the digital divide.
We will empower people to take back control of their digital autonomy and participate in digital ecosystem in new ways that will put them in control and ownership!
These kind of innovations will enable Blockchains to have as much economic impact and lead to as much growth as cloud computing did over the last decade.
The way we keep this programmable infrastructure secure and immutable is through fairly distributed tokens (aka digital assets)!
These digital assets provide the economic security to keep the network impartial, tamper-resistant and decentralized.
This is the most important use case of these crypto tokens - they keep the network secure, decentralized and immutable. No individual, company, state actor, government etc. can control or take over the network.
It is decentralized and secure - which is what gives it value.
Yes, these tokens have value. And yes, they can be transferred easily across the globe at low cost. But they are not here to replace fiat currencies!
Quite the opposite, decentralized networks like #IOTA are perfect to build and secure digital currencies (like the Euro or USD).
Let's stop calling them crypto-currencies. We are here to empower people, companies and governments to issue their own tokens and digital assets on a scalable, programmable and secure infrastructure.
We are not here to replace the Euro or USD - we enable them, digitally.
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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 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).