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IOTA Isn’t a Patch—It’s a Purpose-Built Chain With Real Infrastructure and Native Innovation
A recent tweet thread by an enthusiastic supporter of the IOTA network has shed new light on why this Layer 1 blockchain stands out from its competitors. It’s not just about being a patchwork solution to existing issues, but rather a purpose-built chain with real infrastructure and native innovation.
When IOTA was first launched in 2015 by David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Sergey Popov, it had a relatively simple design. However, the project has since evolved to focus on feeless transactions and near-infinite scalability.
In his thread, NeutralTangle highlights that many Layer 1 networks have been created using forked code, copied staking models, and makeshift bridges added as afterthoughts. In contrast, IOTA’s unique architecture is focused on creating a robust infrastructure from the ground up.
One of the key innovations in IOTA is its parallel execution mechanism within the Move Virtual Machine (MVM). This allows smart contracts to run concurrently without interfering with one another. This parallel execution enables transactions to flow freely, eliminating lengthy queues that are common on other networks.
Another significant advantage IOTA has over its competitors is asset ownership by design. Instead of simply being lines of code or loose entries on a ledger, assets in the IOTA network have clear rules and direct ownership. This ensures that tokens cannot get lost, duplicated, or mishandled, providing users with greater control over their digital assets.
Furthermore, the platform has also incorporated validator governance as an integral part of its core functionality. Validators not only secure the chain but also vote on upgrades and changes every epoch. This approach means that governance is an essential component of the IOTA protocol’s evolution.
IOTA has made a name for itself by allowing users to stake their tokens without sacrificing control over them. The platform allows staking, with rewards in native tokens for networks and projects built on the base layer. Instead of locking up IOTA tokens directly, you can lock up your funds into supported wallets like Firefly and receive rewards proportional to how much and long you’ve staked.
A testament to its innovative approach is its growing adoption rate. The United Arab Emirates has launched tokenized Treasury Bills, while the European Union is actively participating in regulated pilot programs. Additionally, a significant project called Trade & Logistics Information Pipeline (TLIP) connects exporters, freight forwarders, customs officials, and regulators from entities such as Kenya Revenue Authority, KenTrade, and KEPHIS.
In his concluding remarks, NeutralTangle emphasized that IOTA isn’t trying to keep up with the hype. Instead, it’s setting the infrastructure for what comes next – a real Layer 1 blockchain built correctly and currently running smoothly.
Source: www.crypto-news-flash.com
