IOTA Network Implemented Rebased Upgrade, New Mainnet Designed for Constructors
Here's the Rewritten Article:
🎉 IOTA Kicks Off Historic Rebased Upgrade on May 5, 2025 🔥
Turn the page, IOTA enthusiasts! The long-anticipated Rebased upgrade kicked off on the 5th of May, 2025, marking a monumental milestone for the IOTA network and its ecosystem. This groundbreaking event marks the transition to a revamped Mainnet, built with smart contracts, robust tokenization, and advancements in scalability in mind. 🌐🚀
👉 "IOTA Rebased is Live: A Powerful New Mainnet for Builders!" The official IOTA account tweeted today, inviting creators to test, deploy, and craft marvelous creations on the reimagined landscape. 👨💻👩💻 🔥🔥🔥 #IOTA
Effortless Transition for Users 🤹♂️
Fret not, IOTA token holders, your journey into the new Mainnet is as seamless as ever! No migrations hassle here – you're good to go with your existing wallet credentials. Just make sure to unload those mnemonic phrases, private keys, or Firefly/Bloom strongholds on the sparkling new IOTA Wallet browser-based application! 🔑📦 The Firefly wallet will soon be retired, but don't worry; Ledger hardware wallet support will continue – though a manual install of the updated IOTA Ledger app will be needed due to Ledger Live compatibility changes. 🔒😉
Network Pause, Genesis Ceremony, and New Beginnings 🕰️🌱
Playing "pause" around 9:00 am CEST, the Stardust Mainnet and IOTA EVM alike took a brief rest before the multi-stage Genesis Ceremony commenced. The IOTA Foundation oversaw the proceedings in collaboration with twelve trustworthy validators – Nansen, Blockscope, Kiln, and others. The ceremony included key steps like full snapshot creation, validator metadata submission, address mapping, and final consensus. Each validator put pen to paper, so to speak, by verifying, signing, and ultimately contributing to the on-point genesis.blob. This file serves as the signed snapshot that would bootstrap validator nodes. Once consensus was settled, the IOTA Foundationasteered new software onto the node landscape and rejuvenated critical infrastructure components like APIs, RRC endpoints, wallet apps, and network explorers. 🌐⚡️
New Horizons: Explorers, Wallets, and More 🔭💰
Every coin has two sides – and IOTA is no different. To help users stay in the know, two blockchain explorers will be at your fingertips: the official IOTA Explorer and the community's favorite, IOTAscan. These nifty tools will keep you updated on transaction flows, validator operations, and smart contract interactions in real-time. 💼🔎 Additionally, third-party wallet options have emerged, such as the Night Wallet (web and mobile-ready). If browsing isn't your thing, opt for the get-it-done approach and managing your digital assets. Is that a demand I hear? 💳📱
The IOTA EVM (Ethereum Virtual Machine) will see the light of day again shortly, allowing you to continue interacting through MetaMask. Plus, the brand-new IOTA EVM Bridge Web App will streamline token transfers between the first and EVM layers, making it a breeze for all! 🤝🌐
On top of the mainnet reboot, a blooming validator ecosystem will make its presence felt, featuring 13 pioneering validators to begin with. Over the next few days, the network will expand to approximately 50 nodes, eventually scaling up to 150 robust validators in the coming months. To propel the network towards true decentralization and security, IOTA holders are urged to delegate their stake. The platform will provide straightforward delegation instructions via the snazzy new wallet dashboard. 🌱🤝
What's Next? 🔮🌟
Taking a brief pause, exchange services – including deposits and withdrawals for IOTA tokens – have been temporarily shut down during the transition. Once the dust settles, decentralized application releases, integrations, and ecosystem expansion will swiftly follow suit. With the IOTA Rebased Mainnet taking flight, the scene is set for a symphony of creativity in the realm of builders, developers, and users. A more potent, transparent, and universe-friendly IOTA network awaits, primed to rock both the digital and real worlds with groundbreaking applications. 🚀💼🌐
- The IOTA Rebased Mainnet, with its focus on smart contracts, smart tokenization, and advancements in scalability, is a beacon for Ethereum builders, inviting them to explore and create on the reimagined landscape.
- The scalability challenges are being confronted with the emergence of third-party wallets like Night Wallet, which offer mobile-ready functionality, making it easier for users to manage their digital assets.
- The growing decentralized validator ecosystem will be spearheaded by 13 pioneering validators, scaling up to 150 robust nodes in the coming months, encouraging IOTA holders to delegate their stake for a more decentralized and secure network.
- As the IOTA Rebased Mainnet transitions towards true decentralization, there will be a brief pause in exchange services, including deposits and withdrawals for IOTA tokens. Once complete, decentralized application releases, integrations, and ecosystem expansion are expected to flourish.
- The IOTA Rebased Mainnet, with its advances in technology, aims to revolutionize both digital and physical worlds, bridging the gap between data-and-cloud-computing technologies and blockchain, bringing innovative applications to reality. Furthermore, the emergence of Ethereum Virtual Machine (EVM) on IOTA will pave the way for seamless token transfers between the two layers, promoting interoperability and compatibility.
