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<p><a href="https://www.iota.org/" target="_blank" rel="noopener noreferrer nofollow">IOTA</a>, a pioneer in Distributed Ledger Technology, has unveiled its highly anticipated Stardust Update. This update will bring a wave of groundbreaking features and improvements to its network</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">IOTA Startdust has arrived: A groundbreaking development in Distributed Ledger Technology, offering unprecedented digital independence to everyone! Let me give you an overview of the most important changes/updates/features:<br><br>Introduction and Update Launch<br><br>The <a href="https://twitter.com/hashtag/IOTA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#IOTA</a> network… <a href="https://t.co/motKhrzZu5" rel="noopener noreferrer nofollow">pic.twitter.com/motKhrzZu5</a></p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1709787487617363990?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2023</a>
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<p>This significant development marks a crucial step in offering unparalleled digital independence to all users. In addition, both <a href="https://www.binance.com/en/support/announcement/binance-will-support-the-sei-sei-iota-iota-and-arweave-ar-network-upgrades-hard-forks-a6c02ee053324fbb9d8dd367e76531fe" target="_blank" rel="noopener noreferrer nofollow">Binance</a> and <a href="https://www.bitpanda.com/en" target="_blank" rel="noopener noreferrer nofollow">Bitpanda</a> are lending their support to the Stardust protocol update as well as the IOTA network fork.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"> It's happening TODAY! A big shoutout to <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@binance</a> and <a href="https://twitter.com/Bitpanda?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bitpanda</a> for their support in the Stardust protocol upgrade and IOTA network fork occurring today. Get ready for a stellar transformation! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6f0.png" alt="🛰" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ab.png" alt="💫" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/IOTA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#IOTA</a> <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> <br><br>Retweet IOTA and <a href="https://twitter.com/hashtag/Shimmer?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shimmer</a> fans! <a href="https://t.co/uzALGTvuAe" rel="noopener noreferrer nofollow">pic.twitter.com/uzALGTvuAe</a></p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1709424375550623748?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 4, 2023</a>
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<p>As for the key highlights of the Stardust update, the first post goes into detail. To highlight, the Stardust update has officially been launched on IOTA’s Mainnet. It is following an extensive year-long testing phase on Shimmer, demonstrating the network’s commitment to robustness and security.</p>
<p>Specifically, a key highlight of this update in NFT integrations. Now, IOTA will <a href="https://cryptonewsland.com/openseas-security-incident-what-nft-enthusiasts-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">support NFTs</a> natively on its Layer 1 Tangle, enabling feeless minting and transactions. Additionally, users are required to place a storage deposit to hold NFTs in their wallets.</p>
<p>Meanwhile, in terms of <a href="https://cryptonewsland.com/why-the-nft-market-is-experiencing-its-lowest-activity-in-two-years/" target="_blank" rel="noopener noreferrer nofollow">NFT functionality</a>, each NFT on IOTA can own another NFT, a Digital Identity, or tokens, adding a new dimension of utility. This update will also be introducing custom tokens. That is, users can create their tokens on the Layer 1 Tangle with ease, similar to NFTs, requiring only a storage deposit.</p>
<p>Next, the update will bring State Commitment anchoring. This brings Layer 2 to Layer 1 Integration. In detail, IOTA can now anchor State Commitments from Layer 2 onto the Layer 1 Tangle, establishing IOTA as a foundational layer in a Multi-Layer-Environment.</p>
<p>More so, new output features introduce programmability to the UTXO. One of these is the Expiration Unlock Condition. Here, users can transfer funds between two wallets with an expiry date, providing enhanced control over their transactions.</p>
<p>All in all, by incorporating these advancements, the Stardust Update elevates IOTA’s versatility, security, and overall user experience. The network’s transformation is set to usher in a new era of innovation and decentralization.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/iota-stardust-update-and-network-fork-sees-support-from-binance-and-bitpanda/">IOTA Stardust Update and Network Fork Sees Support from Binance and Bitpanda</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

IOTA Stardust Update and Network Fork Sees Support from Binance and Bitpanda

Crypto News Land

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