crypto-news-flash.com
- Famous actor Arnold Schwarzenegger gives a nod to IOTA as co-founder Dominik Schiener and enthusiasts react.
- Three additional nodes – InfraSingularity, Cryptech, and Matrixed.Link have reportedly joined IOTA Rebased to send the total validators to 31.
Renowned actor and former governor of California, Arnold Schwarzenegger, gives a “nod” to IOTA (IOTA) in a recent video posted on X. Even though the video has no caption or description, it has received comments from several key IOTA players, including co-founder Dominik Schiener. Reposting the video, Schiener declared his readiness “for some big IOTA moves in 2025.”
https://t.co/zS2l4s9Xiq pic.twitter.com/CcWaTS9Cte— Arnold (@Schwarzenegger) December 17, 2024
Meanwhile, the IOTA Rebased Protocol initiative is still taking shape as three new nodes reportedly join. According to a post shared by influencer Salima, the addition of Web3 infrastructure InfraSingularity, delivering oracle solutions Matrixed.Link, and managing nodes Cryptech now takes the total validator nodes on the testnet to 31.
🎬 Today, Arnold @Schwarzenegger gave a subtle nod to #IOTA (whether knowingly or not 🤖). Meanwhile, three new nodes join #IOTARebased: InfraSingularity, a leader in Web3 infrastructure; https://t.co/P9dIUcCRqy, delivering oracle solutions; and Cryptech, managing nodes. We’ve…— Salima (@Salimasbegum) December 17, 2024
The Public Testnet
The IOTA public testnet is reported to provide a stable and long-term environment for developers, validators, and users to subject their applications to test with the Rebased Protocol. Explaining this further, a recently published blog post highlighted that the testnet would operate as a staging environment for potential protocol upgrades pending the official mainnet launch. Meanwhile, it is designed to exhibit an initial supply of 4.6B IOTA tokens which the IOTA Foundation controls.
Unlike previous iterations of testnets deployed by the IOTA Foundation, we will emphasize keeping the network running indefinitely while ensuring that there are no data resets. Over time, we also intend to decentralize the Public Testnet by delegating tokens to validators through a validator onboarding program (to be announced at a later stage).
Why the Rebased Protocol?
As we reported earlier, IOTA has noted that most of blockchain’s technological building blocks have been commoditized with faster confirmation times, greater decentralization, and smaller fees. According to IOTA, succeeding in the industry now transcends creating novel technology to building ecosystems and applications that drive utility and adoption.
Introducing the Rebased Protocol would unlock programmability and full decentralization in the network, creating significant value for its token holders and the ecosystem.
With IOTA Rebased, we leverage our close to 10 years of experience operating in the blockchain market and building unique relationships with enterprises, governments, and regulators around the world to accelerate our mission to make IOTA a leading global infrastructure that brings the real-world on-chain. IOTA Rebased offers the opportunity to leapfrog and focus on what matters most for IOTA by getting adoption and increasing token utility.
Amid the backdrop of this groundbreaking initiative, the price of IOTA remains significantly down from its all-time-high price of $5.6, recorded on December 19, 2017. Currently, the asset is trading at $0.35, as it has declined by 4.8% in the last 24 hours. Conversely, IOTA’s 24-hour trading volume has skyrocketed by 37% as $80.49 million changes hands at press time.