IOTA 2.0 Around the Corner with EVM Only ‘Little Steps’ Away from Completion, Ready to Kick Off
The recent activation of the IOTA 2.0 public testnet sets the stage for the forthcoming mainnet launch tentatively scheduled for August this year. However, successful deployment hinges on completing the integration of the IOTA EVM, a crucial step in providing essential infrastructure support for IOTA 2.0. As the IOTA 2.0 public testnet goes live earlier [...]
- The recent activation of the IOTA 2.0 public testnet sets the stage for the forthcoming mainnet launch tentatively scheduled for August this year.
- However, successful deployment hinges on completing the integration of the IOTA EVM, a crucial step in providing essential infrastructure support for IOTA 2.0.
As the IOTA 2.0 public testnet goes live earlier this week, the team is now actively working on the launch of the IOTA 2.0 mainnet which shall happen tentatively by August this year, as per the community reports. However, for this to happen, the IOTA developer team first needs to get through the IOTA EVM to provide the necessary infra support required for the launch of IOTA 2.0.
https://twitter.com/OTTI28518618/status/1792963970359574843?ref_src=twsrc%5Etfw
IOTA 2.0’s new public testnet emphasizes environmental consciousness by reducing its ecological impact and energy consumption. This endeavor also seeks to entice businesses committed to sustainable solutions, as reported by Crypto News Flash.
The updated testnet eliminates the central authority overseeing consensus management, aiming to reduce the influence of centralized entities within the network. Additionally, IOTA is dedicated to exploring novel efficiency ideas and promoting genuine decentralization.
IOTA 2.0 marks a significant protocol enhancement for the IOTA network, bringing in rapid and inclusive consensus mechanisms, seamless transaction handling, heightened decentralization, and fortified security. This upgrade is poised to solidify IOTA’s standing as a premier blockchain utility worldwide, facilitating applications ranging from real-world asset tokenization to decentralized identity and digital autonomy.
Working to Make IOTA EVM A success
IOTA is on the brink of a notable evolution with the impending integration of the Ethereum Virtual Machine (EVM). This advancement will open up fresh avenues for developers to leverage the IOTA network creatively and innovatively. Insider assured that the IOTA team is working closely for the official launch of IOTA EVM.
— IOTA Vrom
soon (@Vrom14286662) May 21, 2024
The imminent launch of IOTA EVM is fueling excitement within the IOTA community. This new development is set to unleash the potential of the $660 million dormant beast, opening doors to tokenization, DeFi, decentralized identity, and beyond.
As reported by Crypto News Flash, the IOTA EVM underwent a soft launch on the Shimmer test network in March. Susanne Krone, head of the ecosystem at the IOTA Foundation, characterized this soft launch as the initial phase of a carefully planned rollout. She emphasized the collaborative effort with the builder’s community to establish the groundwork and infrastructure for forthcoming developments
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