IOTA Rebased protocol revamped introducing an object-based ledger structure and the Move Virtual Machine (Move VM) enhancing programmability, security, and decentralization.
The updated protocol will feature a staking-based Delegated Proof-of-Stake (DPoS) system, rewarding validators and delegators with newly minted IOTA tokens.
IOTA is being greatly revamped with the launch of IOTA Rebased, a significant overhaul of its protocol that harnesses new blockchain tech for greater flexibility, security, and decentralization. IOTA Foundation has been busy undertaking major overhauls of its ecosystem. With a vote by the community in December of 2024 to make the switch, the project is currently gearing up to launch its mainnet.
IOTA Rebased Mainnet Plans
The IOTA Rebased update is a divergence from earlier IOTA 2.0 plans, instead taking up an evolved distributed ledger technology (DLT) platform. The pivot of this shift lies in the implementation of the Move Virtual Machine (Move VM) and a
