#iota
to launch the capabilities of the IOTA network at high speed
and low fees and fully decentralized with the addition of MoveVM for smart contracts.
This update enhances transactions to 50,000 transactions per second with faster completion times and strong support from the IOTA community.
The rebuilt IOTA protocol represents the most significant upgrade from IOTA, paving the way for a comprehensive transformation in scalability, programmability, and decentralization capabilities, making IOTA a leading force in cryptocurrency development.
Why IOTA Rebased is considered a radical change for developers and investors
IOTA Rebased achieves technological milestones that enhance network capabilities. One of the standout features is the Move Virtual Machine (MoveVM), and through this integration, the ability to use layer one programming represents a significant advancement in blockchain technology.
With this update, IOTA aims to achieve processing speeds exceeding 50,000 transactions per second and completion times of less than 500 milliseconds through the updated protocol. The updated protocol includes a supply management feature through burning mechanisms, while reducing transaction fees with each transaction. The integration of these powerful features contributes to making IOTA one of the fastest and least expensive decentralized networks.
The main achievement of the network remains full decentralization. IOTA has allocated the MoveVM and EVM computing systems to run in parallel, providing operational efficiency and better connectivity capabilities for the system. This approach gives developers a unified platform that enables them to create smart contracts efficiently and easily.
One of the most interesting features is IOTA's energy provision, which aims to eliminate the need for users to hold native tokens solely to pay for transaction fees. This could make decentralized applications (dApps) more user-friendly for Web2 and Web3 users. If it succeeds as planned, it could facilitate smoother transitions from traditional cryptocurrency exchanges to trading platforms.
