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IOTA Governance Kicks Off Voting for Growth Initiative Proposal: Details
The decentralized network has initiated the voting process for its Growth Initiative proposal, which promises to revolutionize its architecture by enhancing scalability, programmability, and decentralization. As previously reported, this upgrade will be a significant milestone for IOTA’s ecosystem.
Key Highlights:
* Introduction of MoveVM, a virtual machine originally developed by Mysten Labs for the Sui Network
* Directly enabling advanced programmability at the Layer 1 level
* Establishment of two new initiatives: IOTA Awareness Initiative and IOTA On-Chain Initiative
To facilitate the growth proposal, the Tangle DAO LLC will establish two separate budgets under the control of a five-member committee. The IOTA tokens will be transferred to dedicated multi-signature wallets for each initiative.
The Tangle DAO committee will oversee the implementation of these initiatives, ensuring transparency and accountability by publicly recording financial activities and crypto addresses.
Source: www.crypto-news-flash.com
