Report post

What is Iota Assembly?

IOTA has announced a new smart contract platform called “Assembly” to accelerate the adoption of Web 3. Like IOTA’s staging network – Shimmer – users can stake IOTA on Assembly to earn rewards, this time dispatched in ASMB token. What Is Assembly For? Assembly revealed itself in a blog post on its site earlier today, which was retweeted by IOTA.

What is the long-term goal of Iota?

The long-term goal is the removal of the Coordinator, pending proper validation of the IOTA 2.0 protocol in IOTA’s staging network, Shimmer. The IOTA token is the native currency on the IOTA network. It has a non-inflationary total supply of 2,779,530,283,277,761 IOTA and is traded as “million IOTA”, called “MIOTA” on major and minor exchanges.

How many Iota networks are there?

With the introduction of the Shimmer and Assembly networks, the IOTA ecosystem architecture has grown from one network to three. This expansion not only enlarges the opportunities each network represents but also the overall complexity of the IOTA infrastructure.

What is the Iota token?

The IOTA token is used to transfer value and data and enable feeless micro-payments. With the introduction of the Tokenization framework on the IOTA mainnet, the native IOTA token will be required as a (returnable) deposit to enable feeless micro-value transactions as well as transfers of native assets (e.g. NFTs) in the upcoming IOTA multi-ledger.

Related articles

Canadian Authorities Initiate New Project to Combat Crypto Fraud

Canadian Authorities Initiate New Project to Combat Crypto Fraud2024-09-06 09:48:40The Alberta Securities Commission (ASC) has collaborate […]

Canadian Crypto Exchanges Faces Deadline For CIRO Membership

Canadian Crypto Exchanges Faces Deadline For CIRO Membership2024-08-06 23:33:50Canadian crypto exchanges face a looming deadline to comply with new regulations, specifically CIRO membership. With the crypto deadline approaching, exchanges are scrambling to adapt and ensure regulatory compliance. The question arises: are Canadian exchanges urgently pursuing regulatory compliance? This article explores the challenges and opportunities facing Canadian crypto exchanges as they navigate the changing regulatory landscape.

Best Ethereum ETFs In Canada For 2024

Best Ethereum ETFs In Canada For 20242024-08-01 02:52:21Discover the top Ethereum ETFs in Canada for 2024, including a comprehensive guide on what Ethereum ETFs are and how they work. Learn about the evolving investments in Ether ETFs like ETHR and CI Galaxy’s ETHX, as well as the purpose and benefits of investing in ETHH. Stay ahead of the curve with our curated list of top Ethereum ETFs for Canadian investors.

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms2024-07-25 15:35:16On Wednesday, Bitcoin mining firm Riot Platforms announ […]

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction2024-07-21 22:57:17Solana ETFs’ approval prospects and SOL price predictions are gaining momentum, with investors speculating on the potential impact of these funds on SOL’s growth. The outlook is being closely watched, especially during U.S. elections, as market sentiment could shift. While CME futures are not yet a necessity, the ETF approval may serve as a significant catalyst for SOL’s price movement. Stay tuned for updates on this developing trend.

The World's Leading Crypto Trading Platform

Get my welcome gifts