Home Blockchain IOTA in 2021 is very different from IOTA in 2017

IOTA in 2021 is very different from IOTA in 2017

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Dominik Schiener, pointed to how by 2021 and 2022 there is going to be lot of exciting news about adoption. He pointed to how in the past year, the exciting news was about PayPal. Lot of crypto integration is expected in the forth coming year.

IOTA rarely like to talk about the price because, they really believe in fundamentals and value creation.  They are looking to ensure that everything they create gets adopted in the real world.

He points to how they have lot of projects and that despite all the promises, in the end what matters is the delivery. He stated that IOTA in 2021 is very different from IOTA in 2017.

In the IOTA Foundation they have a well-organized structural foundation.  He pointed to how they are really one of the best teams, in this entire space that fundamentally understands crypto and distributed ledgers. He stated that they are the leading team when it comes to DEX, and that really is a pretty good combination when it comes to building, but just a protocol, but really an entire ecosystem that is going to be adopted. 

Dominik was excited thinking about how this evolution will look like. As he mentioned he was talking about the most important delivery which is Chrysalis. He stated that it is also a sort of a statement to how the IOTA have evolved themselves as a project.

IOTA Engineering expressed that Chrysalis will change all of the developer tools and node software in the IOTA ecosystem. They also stated that they are already working on a lot of new documentation for all of this.  Important to note that there is a page, which gives all the detail about the fundamental changes to the IOTA protocol, which will be deployed in 2021 in the release called Chrysalis.

There will be new addresses in IOTA and all the addresses will have an IOTA prefix. They are preparing a simplified series in which they are set to explain all the upgrades. In the series they are set to explain, what chrysalis is what it enables and a lot of guides that all can look at.

He stated that they have reached out to exchanges so that they work on the migration and many of them are well committed to implement the needed changes, so that they are able to accept the process and also there will be in addition to all that a token migration.

Those who are interested further might want to check the RFC page, which is the Request for comment page for IOTA.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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