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IOTA Rebased: Staking Rewards with 10-15% APY, 50,000+ TPS, and 500 ms Finality Highlight Network Success
In a groundbreaking move, IOTA has announced that it will be rebasing its network to provide staking rewards of up to 10-15% APY. This significant development comes as the company looks to further enhance its capabilities in the rapidly evolving blockchain landscape.
The new features will also include an impressive throughput of over 50,000 transactions per second (TPS), marking a substantial increase from its current capacity. Additionally, IOTA Rebased is poised to deliver finality in under 500 milliseconds, demonstrating the network’s commitment to speed and reliability.
IOTA Rebased positions itself as a leader in the blockchain space by offering enterprises and developers a robust platform for developing innovative applications. By leveraging Move-based smart contracts and programmable Layer 1 capabilities, IOTA seeks to integrate seamlessly with EVM applications, opening doors to new paradigms such as zero-knowledge (ZK) proof and advanced cryptography.
The proposal’s passage would replace the current protocol with IOTA Rebased after thorough testing, security checks, and exchanges listing it. Notably, Shimmer, currently a staging network for IOTA, will shift its focus to develop a unique approach that sets it apart from other ecosystems within the crypto realm.
By adopting this innovative approach, IOTA is poised to capitalize on its unique strengths while positioning itself as a key player in the blockchain revolution.
Source: www.crypto-news-flash.com
