The next low update of Iota could be the most ambitious so far, replacing centralization with the decentralization and unlocking of intelligent contracts for a block chain ready for the future.
On May 5, Iota will be activated FoxesAn update of the protocol that marks the most ambitious deviation of the project of its original architecture since its inception in 2015. More than a technical milestone, Reboeded seems to be a fundamental pivot, one that replaces the inherited components, modernizes the network battery and reinforces the widest identity of the network in the cryptographic landscape.
Once marked as a “block chain without blocks”, Iota’s previous value proposal depended on the promise of a network of feeling and scalable driven by the entanglement, a directed acyclic chart designed to process parallel transactions instead of sequentially.
But that promise came with its warnings: the project spent years chained to a centralized coordinating node that acted as guardian of the purpose of the transaction. Despite the efforts such as the coordination, Iota fought to completely convince the skeptics that it could offer decentralization and traction of the developer at the same time.
With Rebado, developers want to change that narrative.
What comes to iota?
The update of rebel update Iota transitions to a delegate stake test model where validators are chosen by tokens holders. With the coordinator he left for the security and consensus of the network and the consensus now rest in a decentralized set of nodes, each responsible for the community.
It is the first time in the history of Iota that the network will end transactions without any centralized setback.
However, consensus is just a layer of this review. The real title can be what is now possible in the new Iota layer.
REBOEDED introduces native smart contract capabilities through Movevm, a virtual machine that executes the Move programming language originally developed by goal for its failed DIEM project. When choosing the movement on EVM compatibility in the Ethereum style, Iota seems to bet on long -term sustainability for immediate compatibility.
Intelligent contracts in Iota will be executed directly in layer 1, instead of through lateral technologies or bridge networks as they work with Ethereum. This puts Iota on a way to compete more directly with other Capa-1 networks as suitable (SUITABLE) or sui (Sui), which also use Move.
The transaction costs would remain near zero, while the protocol would still allow tips validators to prioritize transactions, ensuring fair processing during sudden demand peaks that exceed gas prices adjustments.
“The protocol would still allow tip validates for prioritization, ensuring that transactions can be processed fairly when the fastest demand peaks that the protocol can adjust gas prices.”
IOTA
Scalability, long and rarely performed successfully, also obtains a practical update. The mysticeti consensus algorithm, introduced with Reboed, addresses more than 50,000 transactions per second with the sub-second purpose under normal conditions.
Both the Solana and Iota bounced network require similarly robust infrastructure for their validator nodes, including 24 cores CPU, 128 GB of RAM, 4 TB of storage and 1 GBPS Internet connections.
What Iota Reboeds means for regular users
For everyday users, the transition will be quite remarkable. The Firefly wallet, once the primary interface for Iota, will be deactivated. Users are expected to migrate to a new iota wallet based on the browser, designed to admit the rebellious protocol natively.
In addition, migration is not automatic: users must make a backup copy of their fire wallets using strength, mnemonic or key exported keys before the update is performed. Anyone who trusts in Ledger hardware wallets will also need to manually install a new version of the Iota Ledger application, especially because the Ledger Nano S support is using the sun in Ledger Live.
There is also a long -awaited change in the way Iota interact with the network: the rethinking. For the first time, tokens headlines can block their assets to obtain rewards, and more critically, to influence the validator selection, introducing a new economic alignment between the protocol and its participants, something that Iota has lacked until now.
The minimum rethinking requirement to become validated would be established in 2 million Iota, with an initial limit of 150 validator seats. The validators can meet the minimum requirement requirement through the stake contributions of the delegates, allowing flexibility in participation.
The exchanges that support Iota will stop deposits and retreats during the update window, but they are expected to resume shortly after the Mainnet transition. Commercial activity, however, must continue uninterrupted.
For a project often criticized for excesses and little delivered, Retded is a moment of redefinition. It makes Iota a decentralized, programmable and scalable protocol of layer 1 with real developer tools and economic incentives. It is not a patch or optimization. It is a clean break.
The bets are high: if it is successful, I could finally convert the iota into what it always aspired to be: a decentralized network of general use that competes in technical merit, not only the vision of the white role. And if not, the cryptographic space is less indulgent today than in 2017.