The IOTA Foundation has initiated a major mainnet upgrade, coordinating with 12 validators. Meanwhile, Bithumb is celebrating this transition with a Learn-to-Earn airdrop event.
This upgrade aims to decentralize IOTA’s network structure and improve transaction capabilities, with potential ripple effects anticipated in the IOTA ecosystem’s operational and financial landscape.
IOTA Launches Mainnet with 12 Validators
The IOTA Foundation has launched a new mainnet, coordinating with a multitude of validators. This transition marks a major shift in their network operations. The IOTA Blog highlights the necessity for secure wallet transitions to ensure uninterrupted user access.
The mainnet upgrade involves 12 validators and aims to implement permissionless validation. Dominik Schiener and other IOTA leaders have provided guidance throughout this event, underscoring the importance of decentralized governance in the crypto landscape.
Transaction Throughput Boosts and 15% Staking APY
The new mainnet promises to increase the transaction throughput and introduce staking rewards, reportedly reaching up to 15% APY. Meanwhile, Bithumb’s L2E event is expected to raise awareness and attract new users to the IOTA ecosystem.
While the upgrade itself prompted no major regulatory reactions, it reflects a shift toward decentralized validation, akin to Ethereum’s recent changes. Stakeholders await to see if it will impact network utility and liquidity significantly.
IOTA’s Transition to Decentralized Validation Examined
Previously, IOTA shifted from a centralized model, mirroring transitions like Ethereum’s Merge. This event, however, emphasizes fully decentralized validation for the first time in IOTA’s history, distinguished by its permissionless validator framework.
Experts forecast that this transition could enhance IOTA’s smart contract capabilities and DeFi support, potentially boosting IOTA’s competitive edge in the blockchain space. Historical trends suggest growth as a product of technological and decentralized advancements.
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