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IOTA Foundation to launch staging network and reward token
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The IOTA Foundation has announced the upcoming launch of a staging network, Shimmer, in a bid to advance the IOTA roadmap towards fully functional decentralization.
The layer-1 network will act as an innovation testbed for developers and builders in the community seeking to evaluate decentralized finance (DeFi) and nonfungible token (NFT) applications. This sandbox model will allow them to establish the efficiency and compatibility of applications prior to launching on the IOTA mainnet, ensuring smooth deployment.
The first major network upgrades hosted on the Shimmer network are programmable multi-asset ledger, smart contracts, full decentralization, and sharding.
The IOTA Foundation is an open-source, not-for-profit entity — known as a
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