IOTA announces the official launch of the Rebased mainnet upgrade
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As one of the most anticipated updates in IOTA's history, the IOTA Foundation has successfully completed the Rebased upgrade, which significantly enhances the network's technical capabilities, making it the first dual smart contract ecosystem. The upgraded IOTA mainnet will support Move language-based smart contracts at the first layer while maintaining EVM compatibility at the second layer.
As one of the oldest and most prestigious institutions in the blockchain field, the IOTA Foundation has been continuously innovating since 2015. The early network relied on a centralized Coordinator. To achieve a fully decentralized and scalable architecture, the foundation launched the "Coordinator Removal Plan", later known as IOTA 2.0 (Coordicide), aimed at achieving complete decentralization and significantly improving scalability and security.
With the L1 smart contract revolution brought by the Move virtual machine - a breakthrough in this secure and high-performance programming technology - the IOTA Foundation reassessed its technical route. While most networks suffer from inefficiency due to hierarchical fragmentation and weakened native token functionality, IOTA is committed to strengthening its core asset value rather than diluting it. After careful long-term deliberation, they decided to restructure the main layer and add instant L1 programmability, which is seen as key to future success. Adhering to the IOTA 2.0 route would require multiple disruptive changes, whereas the Rebased solution can achieve a one-time decisive transformation, allowing the network to move forward with full force.
From its inception, IOTA has chosen a different development path - creating actual value by solving real-world problems. With the Rebased upgrade, IOTA now fully has the ability to lead the industry into a practical era, driving blockchain technology beyond speculative attributes and achieving large-scale entity applications.
This protocol upgrade makes IOTA an early adopter of the Move programming language, becoming the third top L1 network after Aptos and Sui, further consolidating its industry leadership.
The new network's main features include:
• 50,000+ TPS processing capacity
• 500-millisecond confirmation speed
• First dual smart contract ecosystem (L1 MoveVM + L2 EVM)
• Token burning mechanism that can be triggered during network activity
• Up to 15% annual Stake yield (fluctuating based on total Stake)
To ensure robust security and decentralization, the upgraded IOTA network will receive node support from top industry institutions, including LugaNodes, KILN, Twinstake, Ankr, P2P, and other renowned enterprises.
As a pioneer of DAG technology, IOTA's concept has been followed by heavyweight projects like Aptos and Sui. With a proven expert team and one of the largest R&D departments in the crypto field, IOTA continues to push technological boundaries. The version currently under active development will further enhance the network's technical capabilities.
Today, IOTA has all the elements to continuously lead the industry: an active developer ecosystem, clear regulatory positioning, and a distinct future vision. Notably, IOTA has become the first officially registered DLT foundation in the Abu Dhabi Global Market (ADGM), marking an important milestone in its global layout.
With a powerful mainnet upgrade and global distributed architecture, IOTA is driving entity application implementation. After successfully completing the EU blockchain pre-commercial procurement project, IOTA is actively shaping innovative practices within the EU, consolidating its position as a trusted partner for enterprise and government projects.
IOTA's influence extends far beyond Europe. The foundation has recently established collaborations with authoritative institutions such as the World Economic Forum, the UK Export and International Trade Research Institute, and the Tony Blair Global Change Research Institute, working together to digitally revolutionize global trade through key processes and pave the way for a more efficient and transparent future.
The Rebased upgrade marks a critical turning point in IOTA's mission to connect blockchain technology with real-world applications.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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