thejoyofsaving.comAltcoin: IOTA co-founder Dominik Schiener stated that he intends to introduce an IOTA 2.0 network and expand the use of MIOTA tokens in the upcoming months.
IOTA co-founder Dominik Schiener reportedly stated that he intends to introduce an IOTA 2.0 network and expand the use of MIOTA coins in the upcoming months, according to Coindesk.
The IOTA 2.0 network will facilitate decentralized apps with the help of a new ecosystem fund and blockchain, according to IOTA developers, who anticipate that this development will boost the value of MIOTA tokens and enhance network security.
The Stardust hard fork, slated for release on October 4th, is anticipated to serve as the foundation for IOTA 2.0, which is anticipated to launch in the fourth quarter of this year.
In his statement, Dominik Schiener stated:
“Without further funding, we won’t be able to catch up, and IOTA will keep steadily losing market share and value.
We need to begin implementing big improvements that will boost adoption and growth if we want to escape this negative cycle.
“We want IOTA to have a chance to compete in this market,” said the spokesperson.
The IOTA spokesman stated, “As a self-sustaining system, IOTA 2.0 is the key to improving the security of the IOTA network and therefore creating more demand for applications and layer 2 networks to be built on IOTA.”
IOTA, one of the most popular and rapidly expanding coins in the 2017 bull market, fell by 3% as a result of the information.
*This is not financial guidance.
