The IOTA ecosystem has introduced the Rebased protocol, a powerful platform upgrade aimed at improving scalability and security. The protocol includes features such as low transaction fees, Move-based smart contracts, staking rewards, and decentralization. The introduction of dual smart contracts sets IOTA apart from other Layer 1 blockchain networks, and the combination of EVM and MoveVM allows for easy development on the IOTA network using Ethereum-compatible tools. In addition, IOTA is experiencing rapid expansion in its Layer 2 EVM platform and has allocated significant funding for DeFi development. The project is also building strategic partnerships with governments, enterprises, and research institutes. Overall, the Rebased upgrade positions IOTA for a promising future and opens up new opportunities for innovation and scalability in the blockchain space.



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