DLT, Web3: IOTA to Support DeFi Ecosystem with ShimmerEVM Test Chain Launch

IOTA, the non-profit organization driving the development of an open, feeless, and highly scalable distributed ledger technology (DLT) for Web3 applications and digital economies, announces the launch of the ShimmerEVM test chain on the Shimmer testnet.

Timeline of Iota

IOTA (IOTA/USD) has recorded a rollercoaster ride in terms of price fluctuations over the past year. The token was trading at $0.79 on 1 March 2022, $0.169 on 1 January 2023, and $0.242 on 1 March 2023.

IOTA and Wait.id has unveiled Login with IOTA, a login solution that is packed with benefits for Web2 and Web3 applications.  Login with IOTA will allow Web2 and Web3 applications to make use of self-sovereign identity to onboard users.

IOTA has several use cases across various industries including the health industry, energy industry, etc.  IOTA could play a huge role in bringing the commodities market responsibly to the world market.

Dell plans to transform the urban mobility landscape through an ISS-enabled infrastructure and deliver cost-effective paths for effective traffic management as well as improved citizen safety.

Loyal explains that it prefers to focus less on the speculative aspect but more on community and value.  As part of their plan, community members could earn, purchase or add loyalty assets while they also have the option to redeem them in-shop.

Stellar Lumens (XLM) and IOTA (MIOTA) have recorded significant daily price gains as investors buy the dip.  The surge of the two tokens has coincided with massive accumulation among two cohorts of BTC investors.

September closed in style as the highly anticipated Shimmer network went live. This is after weeks of fire testing the Shimmer Beta version, a process which was initiated back in Mid-July as part of IOTA's road map.

IOTA's staging network, Shimmer, is set to go live by 28 September according to a tweet from Shimmer's Twitter handle. The Shimmer Project (SMR) has been part of the IOTA ecosystem since the end of 2021.

The bear market has been bad for cryptocurrency's case against regulation. What comes next depends on how well we play ball, but Lummis–Gillibrand offers a favorable path forward.

IOTA (MIOTA/USD) is a distributed ledger that utilizes proprietary technology known as “Tangle,” which is a system of nodes that confirms the transactions.  The native cryptocurrency is utilized as a means of exchanging value, and to account for transactions on the network.