IOTA Community Gives Green Light to Rebased Protocol Upgrade

Dec 20, 2024 · In a governance vote held between Dec. 2 and Dec. 17, the IOTA community has supported the Rebased protocol upgrade proposal.. With a 7.52% voter turnout, 98.37% of …

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IOTA Community Gives Green Light To Rebased Protocol Upgrade

2 weeks from now

Dec 20, 2024 · In a governance vote held between Dec. 2 and Dec. 17, the IOTA community has supported the Rebased protocol upgrade proposal.. With a 7.52% voter turnout, 98.37% of …

cryptonews.com

52%
OFF

IOTA Community Gives Green Light To Rebased Protocol Upgrade

2 weeks from now

Dec 20, 2024 · In a held between Dec. 2 and Dec. 17, the IOTA community has supported the Rebased protocol upgrade proposal.With a 7.52% voter turnout, 98.37% of participating IOTA …

tradingview.com

FAQs about IOTA Community Gives Green Light to Rebased Protocol Upgrade Coupon?

Do you support the Iota rebased proposal?

Vote Option 2: “No, I don’t support the IOTA Rebased proposal.” If the community rejects the protocol upgrade, the IOTA network will continue to run as is. At that point, the IOTA Foundation will decide how to continue developing and stewarding the network. ...

Can Iota rebased protocol be released as the new Iota mainnet?

If accepted by the community, the IOTA Rebased protocol could be released as the new IOTA Mainnet if the following conditions are fulfilled: Minimum two months testnet phase, including a thorough stress test. Readiness review of all real-world validators on the testnet. Completion of security audits during that phase. ...

How do I decide the future of the Iota protocol?

The governance process that allows you, as an IOTA token holder, to decide the future of the IOTA protocol starts with today’s proposal announcement phase. The voting phase will begin on December 2nd. You can then vote on the proposal with your IOTA Tokens in the IOTA Firefly or Bloom Wallet. The voting phase consists of two parts: ...

What if the community votes for Iota rebased?

If the community votes for IOTA Rebased, the Shimmer network would continue to exist but cease to act as a staging network for the IOTA network. IOTA Rebased represents a fundamental shift. It would alter the L1 of IOTA and introduce a new protocol that would deliver decentralization and Move-based Layer 1 smart contracts as quickly as possible. ...

How would Iota rebased work?

This approach would incorporate a delegated proof of stake protocol to distribute consensus voting rights to validators and stakers. The IOTA Rebased protocol would feature very low transaction fees as a congestion control mechanism to regulate network access. ...

What's new in Iota REBASE?

The IOTA Foundation is proposing to rebase IOTA’s Layer 1 to introduce a protocol with full decentralization, L1 programmability with MoveVM and EVM support, 50k+ TPS scalability, and $IOTA staking. This upgrade offers a faster path to a new mainnet than current IOTA 2.0 plans. ...