“No Time for Distractions”—IOTA Cofounder Hints at Major Developments
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The IOTA Rebased protocol aims to enhance scalability, programmability, and decentralization while potentially integrating Move Smart Contracts and Ethereum Virtual Machine (EVM) compatibility. To accelerate the implementation of the Rebased Protocol, IOTA launched the “Return of IOTA” campaign, featuring a 3 million IOTA token airdrop. IOTA co-founder Dominik Schiener dropped hints of what to expect soon within the ecosystem while reiterating the commitment to the roadmap and long-term vision. Using X, he reiterated that fundamentals have not changed, and neither has the strategy toward adoption ever been clearer. IOTA’s Dominik Schiener Hints At Something Major “Fundamentals are the same. Roadmap is the same. Path to adoption is more clear than ever Let’s go back to cooking some big things with IOTA. No time for distractions,” Schiener wrote. This is in the wake of various significant infrastructure developments for IOTA, most recently coming over to the Rebased Protocol. It’s heavily tipped to be an improvement in terms of scalability, programmability, and decentralization. The question is, with this transition, one of the innovation possibilities tied to it is that of integrating Layer 1 Move Smart contracts into the IOTA network to also possibly support Ethereum Virtual Machine (EVM) compatibility on Layer 2. To speed up the deployment of Rebased, IOTA launched an on-chain campaign called “The Return of IOTA,” as mentioned in our previous report. This campaign has reserved more than 3 million IOTA tokens, worth approximately $867,000, for an airdrop to encourage community engagement and adoption. IOTA’s development team has been working on an extensive plan to ensure the seamless implementation of Rebased, as we discussed earlier. Updates from the team earlier were on collaborations being held between IOTA’s Smart Contracts division and the IOTA 2.0 core team for the perfecting of MoveEVM specifications. MoveVM, originally designed by Mysten Labs for…
Filed under: News - @ February 4, 2025 9:17 pm