IOTA founder Dominik Schiener announced in a recent AMA session that the highly anticipated IOTA EVM (Ethereum Virtual Machine) will release on March 31, 2024.
IOTA has released version v1.0.0-alpha.2 Pre-release, featuring essential upgrades and enhancements.

In a recent Ask Me Anything (AMA) session hosted by KuCoin, IOTA founder Dominik Schiener unveiled a pivotal development for the IOTA community. Schiener confirmed that the long-anticipated IOTA EVM (Ethereum Virtual Machine) release is slated to occur on March 31, 2024. This announcement marks a significant milestone for both the IOTA community and the Shimmer ecosystem.

During the AMA, Schiener shared a roadmap of upcoming events and commitments for the first and second quarters of the year. Some key points highlighted include:

IOTA EVM launch is scheduled for March.
Also, the IOTA 2.0 testnet launch shall happen in Q2.
Government adoption announcements are in the pipeline.
Unveiling substantial deals in the realm of RWA (Real World Asset) tokenization, amounting to hundreds of millions of dollars.
Strategic focus on expanding presence in Korea, Japan, and Singapore.

Schiener also encouraged stakeholders to stake their IOTA tokens on the IOTA EVM during late Q1 or early Q2 to become eligible for airdrops. The community further awaits these developments with heightened anticipation as the project looks set to make significant strides in the coming months.

As the protocol transitions into a more user-friendly platform with the upcoming EVM update, it is poised to expand as a fully operational Layer-1 protocol. The enhanced EVM capabilities will also open avenues for promising projects like Soonaverse to seamlessly integrate with other Ethereum Virtual Machine-compatible decentralized applications, fostering robust liquidity.

IOTA Unveils Major Upgrade with Release of v1.0.0-alpha.2 Pre-release

In a significant development, IOTA has rolled out the latest version, v1.0.0-alpha.2 Pre-release, introducing several noteworthy upgrades and enhancements to its ecosystem.

Key improvements include:

Fixed Docker Network Test Framework: Addressing bugs and enhancing the stability of the Docker network test framework.
Explanatory Comments in Docker Tests: Additional comments added to Docker tests for better clarity and understanding.
Confirmation Ratifiers Enhancement: Elimination of confirmation ratifiers across epoch boundaries, streamlining the confirmation process.
New CI Workflow for Nightly Docker Network Tests: Introduction of a new Continuous Integration (CI) workflow for nightly Docker network tests, optimized by utilizing local snapshots to save time and bandwidth.
Optimization in inx/iota.go for Tagged Data: Updates made to the inx/iota.go for Tagged Data, including improvements related to the omitempty feature.

This pre-release version underscores IOTA’s commitment to continuous improvement and innovation within its ecosystem. Users and developers shall also explore the upgraded features as IOTA continues to enhance its functionalities and user experience.

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Filed under: Bitcoin - @ January 24, 2024 9:15 am