IOTA, one of the old projects of the cryptocurrency industry, wants to implement a new blockchain and increase the usability of MIOTA accordingly.
investors 2017 IOTA, which he knew from the bull run in for blockchain handles rolled up. By IOTA developers In the statement, a new ecosystem fund And Supports decentralized applications (dApp) a new one implementation of blockchain was included as requested.
IOTA co-founder Dominik Schiener In the coming months, he told CoinDesk: to IOTA 2.0 He said that it can be passed and that they plan to increase the utility of MIOTA tokens accordingly.
Among the team’s short-term plans: smart contract improvements, Focus on decentralized finance (DeFi) applications, Introducing a edible ecosystem fund And Will increase the usability of MIOTA It includes the introduction of a new blockchain.
However, a significant upgrade for IOTA Stardust on October 4 is planned to be published. Additionally, this upgrade is scheduled for 2023. fourth in the quarter planned to be implemented Technical details of IOTA 2.0 will form the basis.
Making a statement on the subject, an IOTA spokesperson stated that these steps will increase the demand for IOTA with the following sentences:
This self-sustaining economic system is key to improving the security of the IOTA network and in turn creating greater demand for applications and Layer-2 (L-2) networks to be built on top of IOTA.
According to CoinGecko data, the IOTA price reacted negatively with the announcement. IOTA, 0.1639 at dollar level 5%with a decrease close to to $0.1565 declined. IOTA is trading at $0.1593 at the time of writing.