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.

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 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.

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.