The post IOTA Advances Its Mission as Web3’s Trust Layer – Here’s What’s New appeared on BitcoinEthereumNews.com.

IOTA has embarked on several projects after the launch of the Rebased Protocol, including IOTA Identity and TWIN Foundation, with more expected to be introduced. IOTA is also reported to be launching a hackathon event in Malaysia in July as part of several other initiatives on its roadmap.  Earlier this month, CNF announced the mainnet launch of the IOTA Rebased Protocol with the introduction of a new network architecture. According to that report, this marked a significant shift from the old version to a new system where IOTA could rub shoulders with competitors. Weeks later, a validator and staking services provider, StakingCabin, has listed some of the main changes that have started taking effect in the ecosystem. Firstly, StakingCabin highlighted that the Rebased Protocol has significantly transformed the IOTA mainnet. This implies that the network is now fully decentralized and programmable, marking a complete shift from the previous operation, which was backed by centralized components for network validation. Essentially, this milestone is said to be a testament to an incredible and extensive technical network. Above all, it lays the foundation for a stronger and more efficient foundation for Decentralized Applications (DApps). On the impact on the native token, IOTA, StakingCabin pointed out that there has been a good use case for the asset as far as staking is concerned. As we explained in February, the Annual Percentage Yield (APY) is fixed at 10-15% with just 1 IOTA required to participate. One of the standout features introduced is the Liquid Staking Token (LST), enabling users to stake without locking their assets. Regardless of this transformation, the price of IOTA has printed losses on four of the five major trading sessions. According to data, the asset has declined by 1.9% in the last 24 hours, 11% in the last seven days, 2% in the…

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Filed under: News - @ May 30, 2025 5:28 am