IOTA, known for its unique architecture and forward-thinking approach, has unveiled its latest development: the Stardust upgrade. Will this have a positive impact on the IOTA price? Let’s delve deeper into what this upgrade entails and its ramifications for the IOTA ecosystem.
Stardust Upgrade: What is it?
In its relentless pursuit of innovation, IOTA recently rolled out the Stardust protocol upgrade, followed by a consequential fork.
The Split in IOTA’s Network
This transformative upgrade caused the original IOTA network to bifurcate into two separate networks. One operates on the revamped Stardust protocol, featuring an expanded supply. Meanwhile, IOTA Classic adheres to the original protocol, retaining the legacy supply metrics.
Co-founder’s Enthusiastic Remarks
Dominik Schiener, one of IOTA’s founding members, perceives the Stardust upgrade as a redefining moment, marking the dawn of a new era for IOTA. He urged users to migrate to the fresher Hornet and Firefly IOTA versions 2.0.0 post-upgrade.
IOTA Price Analysis: Will Prices go UP?
As IOTA prices crashed, they reached a low price of $0.15. From there, prices are expected to go higher, especially with the announcement of the new Stardust upgrade. Currently, IOTA price already increased by more than 2% over the past 24 hours, and more than 2.25% over the past week.
Once the crypto market goes back to being bullish, investors should expect higher volatility in IOTA prices.
What is IOTA Crypto?
IOTA stands out in the cryptocurrency world due to its unique ‘Tangle’ architecture, a system that facilitates free transactions regardless of the size of the transaction. It was primarily created to foster microtransactions and ensure scalability, making it unique and distinct from blockchain-based cryptocurrencies.
How to Buy IOTA Coin?
IOTA, with its potential and unique structure, can be easily acquired on Bitpanda. As one of the renowned cryptocurrency exchanges, Bitpanda offers a hassle-free and secure process to buy IOTA and dive into the world of decentralized finance.
