IOTA Ecosystem Expands as Teams Prepare for Rebased Mainnet Launch
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The IOTA Rebased protocol is set to launch soon, and developers are making the final preparations. The new protocol will set IOTA on a new pedestal to compete with its key rivals. IOTA has released its first quarter (Q1) 2025 report, highlighting the ecosystem’s preparation. This report comes as the IOTA team prepares for the Rebased mainnet launch, which will happen soon. Progress in the Rebased Mainnet Launch IOTA commented on its official X account that all teams have worked in unison to finalize core infrastructure, build adoption, and grow the ecosystem. Image Source: IOTA on X As we covered in our latest report, the IOTA Foundation recently introduced the Rebased protocol set to improve the network’s scalability, programmability, and decentralization. The Protocol also establishes a completely decentralized Layer-1 network with the addition of advanced features. With a vote by the community in December of 2024 to make the transition, Rebased is currently gearing up to launch its mainnet. The IOTA Foundation also recently initiated a public testnet for IOTA Rebased. This allowed users and developers to try its functionality before the mainnet release. In the recently released Q1 report, the IOTA Foundation said the network is entering Q2 with strong momentum. This is in addition to readiness and a clear path forward with the much-anticipated launch of IOTA Rebased. According to the report, developers are set up for success with IOTA Rebased as audits for ISC and core tooling are completed or in motion. Notably, the ISC team focused primarily on ensuring compatibility between IOTA EVM and IOTA Rebased, and it has successfully deployed a compatible version to testnets. Currently, the ISC team is undergoing a Sherlock audit to verify the security and soundness of this implementation. The team also developed migration tools for smoothly transitioning data from the…
Filed under: News - @ April 2, 2025 12:23 am