IOTA’s upcoming Stardust upgrade is set to revolutionize the decentralized world with its new features and improvements. This upgrade will propel the IOTA Tangle into a new era of adaptability and strength.
One of the key features of the Stardust upgrade is the introduction of multi-asset support. This will allow users to create, tokenize, and trade native assets on the Tangle. By issuing a new coin type on the ledger and associating it with a specific asset, users can easily mint and transact these native assets.
In addition to multi-asset support, the Stardust upgrade also brings support for non-fungible tokens (NFTs). This means that users can now create, mint, and trade NFTs on the IOTA network without any gas fees. This significantly lowers the barriers to entry for the NFT marketplace.
The Stardust upgrade also includes a new smart contract tokenization framework on the IOTA Tangle. This framework allows developers to create and deploy smart contracts by anchoring Layer 2 (L2) smart contract chains to the Tangle. This enhances digital asset management and establishes IOTA as a trustless asset bridge between L2 chains, ensuring cross-chain compatibility.
Meanwhile, Shimmer, with its innovative ShimmerEVM platform, is revolutionizing blockchain communication by eliminating the need for bridges. ShimmerEVM operates on Shimmer’s L1 and enables direct interaction between smart contract chains. This bridgeless cross-chain model ensures secure and seamless interactions across multiple chains, while maintaining asset security within the Layer 1 protocol.
The combination of IOTA’s Stardust upgrade and Shimmer’s groundbreaking approach promises substantial advancements in the blockchain domain. As anticipation for these upgrades grows, it is now up to the IOTA and Shimmer teams to turn these conceptual upgrades into practical solutions that bring value to the blockchain community.