IOTA launches Shimmer, a staging network with staking rewards

2021-11-17 17:00

IOTA (MIOTA/USD) Foundation has launched Shimmer, an incentivized staging network with a native token $SMR to accelerate the development roadmap of IOTA and ensure public validation of major network upgrades and thorough testing, Invezz learned from a press release.

Holders to stake tokens directly within wallet on platform

Shimmer’s launch will run parallel to the introduction of staking rewards. IOTA token holders will be able to stake their tokens directly within the Firefly wallet for the first time. They will also be able to earn staking rewards in the form of Shimmer tokens.

In line with IOTA’s goal to become a fully decentralized, programmable multi-asset ledger, Shimmer will introduce a number of upgrades, including:  

Programmable multi-asset ledgerSmart ContractsFull decentralizationSharding and further optimizations

Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation, commented:

Launching Shimmer was an easy decision by our team to further accelerate and secure our path towards full decentralization with IOTA. As we’ve seen with the success of Kusama and Polkadot, the Shimmer network will become an incentivized staging network offering crucial testing and public validation to our ambitious development roadmap.

In order to begin building use cases and applications corresponding to the official IOTA development roadmap, Shimmer will provide an innovation testbed with the necessary rewards for the developer community.

These include DeFi with lightning-speed transactions, a limitless amount of tokenization possibilities, custom zero-fee smart contracts, and NFTs that can be generated and traded at no minting or trading cost.

Innovations will happen on multiple layers

With Shimmer, the community no longer needs to wait for audited and completed product releases. It has an entire ecosystem of applications available to it. Innovation will happen through DeFi on the application layer, but also with new features on the base protocol layer, such as multi-chain smart contracts, advanced output types, sharding, and feeless tokenization.

Fully democratic community governance

The community will have full control over the Shimmer network, which will be powered by the Shimmer token. Shimmer token holders can earn at least 8% APY from staking their tokens. The network will launch after completing the public token distribution at the beginning of next year.

The post IOTA launches Shimmer, a staging network with staking rewards appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Santiment Network Token (SAN) на Currencies.ru

$ 0.0865709 (-0.22%)
Объем 24H $210
Изменеия 24h: 9.95 %, 7d: 19.49 %
Cегодня L: $0.0865709 - H: $0.0865709
Капитализация $0 Rank 5672
Цена в час новости $ 0.1272 (-31.94%)

iota network shimmer staging validation public roadmap

Источник: invezz.com

iota network → Результатов: 126


Фото:

IOTA Introduces bIOTAsphere, Future Proofing Innovation

The IOTA Foundation continue to future-proof not only their own ecosystem, but the entirely of the blockchain too. In their most recent announcement, IOTA have revealed their latest project by the name of bIOTAsphere, an environment built upon the IOTA protocol in order to facilitate brainstorming, discussion and the development of new applications for the IOTA network, Tangle.

2018-9-28 12:30


Фото:

An Explanation of IOTA’s Local Snapshots That Will Prune Transaction History on the Network

In the coming weeks, the IOTA (MIOTA) foundation aims at introducing a new feature onto its network known as Local Snapshots. A brief definition of the concept has been provided via twitter by IOTA News, who made the announcement about the technical development only yesterday as follows: The upcoming feature of Local Snapshots will not […] The post An Explanation of IOTA’s Local Snapshots That Will Prune Transaction History on the Network appeared first on Ethereum World News.

2018-9-13 13:09


IOTA Finalizes Abra, Bringing It One Step Closer To Qubic Update

IOTA has published its monthly Qubic status update, announcing that the team has spent the past month finalizing its Abra programming language. This programming language will be used by Qubic, the protocol layer that will be used to implement smart contracts and payment gateways on the IOTA network: “August was all about cleaning up details… The post IOTA Finalizes Abra, Bringing It One Step Closer To Qubic Update appeared first on UNHASHED.

2018-9-11 18:08


IoT Chain : The IOTA Killer

IoT Chain technology “will result in an economy of sharing for Internet of Things (IoT) devices in a decentralized and energy efficient environment while producing a wealth of valuable user data which can be used as fuel for the development of AI with users rewarded for providing this fuel.

2018-8-7 12:19


Фото:

$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid

European law enforcement agencies dismantled a Darknet drug trafficking network, seizing almost 800,000 doses of LSD and over $5 million in Bitcoin, IOTA, and Lumens. The Infamous ‘Darknet’ The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht.

2018-6-30 10:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

IOTA targets RWA and DeFi traction with major program in Singapore

IOTA Foundation has revealed a key program aimed at promoting the Real-World Asset (RWA) tokenization ecosystem on IOTA. The 12-week Accelerator is a collaboration with early-stage venture capital firm Tenity and will offer the grant and other resources to early-stage projects ken on RWA, decentralised finance (DeFi), Institutional DeFi Services and infrastructure. IOTA APAC Accelerator […]

TangleSwap DEX wins IOTA’s 1.8 million Shimmer (SMR) airdrop campaign

The Treasures of Shimmer testnet campaign is a wrap and we can exclusively reveal that the 1. 8 million Shimmer (SMR) airdrop has a winner. TangleSwap, a decentralized exchange (DEX) built on IOTA, has won top spot ahead of 16 other projects, according to details shared with Invezz on Monday.