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IOTA, the distributed ledger technology network, has reached a new milestone with the Stardust update. The IOTA team announced in post X that the upgrade and fork of the Stardust protocol is complete. The former IOTA network split into two as a result of the fork: the IOTA network, which is based on a version of the Stardust protocol with an increased supply, and IOTA Classic, which is also based on the IOTA Stardust protocol, but retains the old supply. After the update, IOTA users are urged to update to the new versions of Hornet and Firefly IOTA 2.0.0.
As already mentioned, the new version of the Firefly wallet will have a tab that will display the airdrop available to users who previously participated in staking Assembly tokens. The Stardust upgrade adds new features to IOTA that can significantly increase its usefulness. These include transforming IOTA into a multi-asset ledger, allowing native assets to be easily minted, tokenized, and transferred.
The upgrade also adds the ability to seamlessly create and transfer NFTs when tokenizing IOTA L1 smart contracts, allowing L2 smart contract chains to be linked to the IOTA Tangle via the IOTA Chains Framework. This allows IOTA to work as a trusted bridge of assets between L2 chains. Among the many new features introduced in the upgrade is asset wrapping, which allows wrapping and unwrapping assets from L2 chains into native L1 assets. As a result of the Stardust IOTA upgrade, L1 will become the messaging layer for smart contract requests between L2 networks.
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