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UPDATE: IOTA VOTING AND HOPE FOR SHIMMER

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The development of Shimmer

According to the IOTA roadmap, the previously set building blocks could..

End of the first staking phase with Shimmer and Assembly

Start of the second staking phase with pure assembly

Internal Shimmer Beta testing phase

As well as the Treasury Community vote

..all to be completed. The next major milestone would now be the Shimmer Public Beta, followed by the Shimmer Network Launch involving the Stardust upgrade . In my estimation, this could also be completed within the next 40 days (end of the second staking phase with assembly).


Many are therefore currently asking the question why this update is so important for IOTA. In all technical brevity, this is due to the following points:


Stardust turns IOTA into a multi-asset ledger (everyone can self-mint their own tokens or NFT's)

In addition, a bridge is built from IOTA to the upper layer (usually called Layer 2 or Layer 3) with smart contract networks

The IOTA Foundation states the current status:


Stardust is currently being tested internally and the associated software is being prepared, including Hornet nodes, the IOTA Smart Contract nodes, client and wallet libraries, the Firefly wallet and additional tools. Once preliminary versions are ready, Stardust will be deployed in the form of a public testnet, followed by release as a Shimmer network.


The result of the vote

In the meantime, the 10 days of voting and thus the counting of votes are already history and the results speak a clear language.


According to recent results, as expected, 83% voted for the Build option and only 13% chose the Burn option. It is also positive to mention that the complete coordination went smoothly from a technical point of view.


What does that mean for the roughly 50 Ti?

The unclaimed tokens will be used to support and fund projects and initiatives important to the IOTA community ecosystem going forward. The funds are fully managed by the IOTA Foundation. The IOTA Foundation would like to report in more detail shortly on which these are exactly.

​The current course situation

Let's not fool ourselves, there are currently no impulses from large investors to be able to push the IOTA course back in the right direction in the short term. However, an impulse could come before the Coordicide (network decentralization) upgrade, which is mentioned again and again and never tires of getting tired. As soon as the next milestone with the mentioned development of Shimmer occurs, larger price jumps up could be possible again.


The IOTA rate is currently just around USD 0.25, which in my view is potentially a very cheap price entry, but it does not have to be the bottom by a long shot. The dependence on Bitcoin is clearly noticeable. Never at a more opportune time than right now could the Stardust-based upgrade give IOTA new wings in their Shimmer network and new hope in the cloudy crypto summer of 22.

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