Dominik Schiener stated, we have Chrysalis liftoff!!!! The IOTA mainnet is fully upgraded, nodes are synchronized, tokens are migrated, and Firefly is ready to securely for feeless transactions. This is a historic moment for IOTA, pushing us towards production-readiness and mainstream adoption.
This just looks like the start of something big has begun and the community are celebrating. They are more prepared to see what IOTA is going to do.
Dominik updated stating that the IOTA upgrade is live and casually cruising at 250+ TPS. Running reliably without any hiccups or problems. This is what production-readiness looks like.
The energy consumption for a non-value message in the new Chrysalis IOTA network is extremely low. For each message, low-powered devices consume just $0.00001515 worth of energy. Of course, you still have to factor in the transaction fee of $0 per message.
Someone who has been watching IOTA closely stated, I’ve closely followed IOTA for four years now. The technology had its flaws and so at times did the management approach. Really pleased to say both have moved on significantly and with the launch of the Chrysalis network today I’m really excited about the future of this project.
ECLASS – Master Data Standard, Semantics for IOT stated, we congratulate IOTA to the important update Chrysalis. We are happy to have such an innovative partner with an industry ready solution. It is great to work with you in projects like the industry market place. IOTA can be a solution for the DLT environment for Digital Twins.
Binance recently stated, they will support IOTA Token migration to the Chrysalis Network. In return Dominik Schiener Welcomed Binance to the Chrysalis Era.
Also, the community are on a clear path of decentralizing IOTA. In several weeks, they are likely to launch Nectar (fully decentralized and incentivized testnet of IOTA 2.0). They have already started their journey of empowering the IOTA community through onchain governance.
One of the users stated: “Sending 84.700.000$ without any fees in less than 10 sec confirmation time? IOTA: Hold my beer!”
Yet another user stated, it’s hard to explain in words how hyped I am on #IOTA right now. Their Chrysalis release, new exchanges, new partners, new industry investors, updates from old partners, and then, Coordicide. If you are already in, you are considered one of the lucky ones.
IOTA is getting production ready and ahead with real-world adoption.
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