IOTA Rebased, the most significant upgrade in IOTA’s history, is on the cusp of approval with 98% community support, with voting expected to close on December 16.
IOTA Rebased will bypass the lengthy production timeline of the previously explored IOTA 2.0 by providing L1 programmability, allowing for faster and more efficient development.
The IOTA Rebased proposal is on the cusp of approval, with 98% of community members supporting the upgrade. The voting period, which started on December 2, 2024, is set to close on December 16, with token holders casting their ballots using the IOTA Firefly or Bloom wallet.
IOTA Rebased represents a significant departure from the previously explored IOTA 2.0, offering L1 programmability and faster development timelines. By adopting established DLT technology, the IOTA Foundation aims to enhance the network’s flexibility and programmability, paving the way for complex applications written via smart contracts.
A Technical Breakdown of IOTA Rebased
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