IOTA Timer Is Set: Significant IOTA Event Approaches Within One Day
Illuminating the Future: IOTA's Rebase Network Upgrade and its Consequences
Let's dish the tea on IOTA and its momentous leap forward! The cat’s outta the bag—IOTA's highly anticipated rebase upgrade is just 24 hours away, set to drop on May 5, 2025. Y'all better buckle up, because this baby's gonna change the game for the IOTA network!
The IOTA Rebased network upgrade ushers in a new epoch as the network transitions from its current Stardust digs to a shiny new IOTA playground. And ain't nobody gonna miss a beat—this revamp's gonna be lit!
So, what's on the menu? Increased decentralization (150 validators), scalability (over 50k transactions per second and sub-second finality), and IOTA staking rewards, baby! That's some mouthwatering good news, right?
Going down in history: what to anticipate?
Get ready for the main event! The network's gonna shut down to make room for a fresh chain via a Genesis Ceremony led by the IOTA Foundation and an initial dozen validators helmed by trustworthy entities.
IOTA locks in a crucial integration
No time like the present to spill the beans! In anticipation of this historic event, IOTA's announced a session with Zodia Custody, a digi-asset custody service provider. Big players like large funds stand to leverage Zodia Custody to cop, hold, and manage their IOTA stash. Sayonara gatekeepers!
The integration with Zodia Custody'll go live alongside the IOTA Rebased mainnet upgrade on May 5, 2025.
IOTA's EVM brightens DeFi with Pyth Price Feeds
'Sup DeFi-ers! Arman's here to break it down for ya. At press time, IOTA's slid 1.27% to $0.206. The little digit has been on a rollercoaster ride since mid-April, touching highs of $0.242 before cooling off and taking a breather. At a certain point, IOTA went on an 8-day win streak from April 21 to April 28, building on a rebound from ouch-lows of $0.1307 on April 7.
As we speak, IOTA's chillin' between its daily SMA 50 ($0.18) and SMA 200 ($0.2304), with a break in either direction paving the way for the next move.
Factoids
❓What benefits will the IOTA Rebased network upgrade bring?
Decentralization, scalability, staking rewards, Layer 1 smart contracts, and improved network security 🔥
❓How will Zodia Custody assist IOTA?
By providing secure storage, compliance, regulatory support, and easier access to IOTA tokens for institutional investors 🔐
Breaking it down:
The IOTA Rebased upgrade is set to supercharge the network's scalability, security, and decentralization, as well as introduce staking rewards and Layer 1 smart contract capabilities. The integration with custody solutions like Zodia Custody will enable institutional investors access to secure and compliant management of their IOTA digits.
- With the IOTA Rebased network upgrade just 24 hours away on May 5, 2025, anticipation is high as this upgrade promises to revolutionize the IOTA network.
- The IOTA Rebased network will transition from its current Stardust stage to a new phase, boasting increased decentralization (150 validators), scalability (over 50k transactions per second and sub-second finality), and IOTA staking rewards.
- As part of this upgrade, the network will undergo a shutdown and fresh chain creation via a Genesis Ceremony, led by the IOTA Foundation and an initial dozen validators.
- In preparation for the IOTA Rebased mainnet upgrade, IOTA has announced a session with Zodia Custody, a digital asset custody service provider, to enhance the management and handling of institutional investors' IOTA tokens.
- IOTA's integration with Zodia Custody is scheduled to go live concurrently with the IOTA Rebased mainnet upgrade on May 5, 2025.
- The refined IOTA network, bolstered by this upgrade, will also introduce Layer 1 smart contract capabilities, potentially expanding its reach into the DeFi space.
