#IOTA🔥🔥🔥

IOTA (MIOTA) is a cryptocurrency and ledger system designed for the Internet of Things (IoT). The IOTA Foundation recently proposed a significant update called "IOTA Rebased." This update transforms the network from a first-level system based on the IOTA blockchain to an object ledger based on Move.

The main goal of the changes is to make the network more scalable, decentralized, and programmable. This means that developers can create various decentralized applications (dApps) directly on the main network.

IOTA plans to implement smart contracts at the first level by incorporating the Move programming language into the system. This will simplify the use of blockchain for applications in various fields such as supply chain management, asset tokenization, and digital identity systems.

This move places IOTA in line with other blockchains, such as Sui and Aptos, which also utilize Move.

While the implementation of the Move programming language and the proposed network update may enhance the flexibility and scalability of IOTA, they should not affect its compliance with the ISO 20022 standard.