IOTA starts shimmer; A staging network that offers incentives for network upgrades

• The IOTA Foundation has announced the introduction of Shimmer, a staging network that will stimulate an accelerated ecosystem growth, as Kusama did for Polkadot.
• complete with its own $ SMR token, Shimmer will introduce various exciting functions to smart contracts, defi, NFTS and more before starting in the IOTA-MINNET.

The IOTA Foundation has announced the upcoming introduction of Shimmer, a staging network that accelerates network upgrades in the IOTA ecosystem. Shimmer enables developers to test various functions and upgrades in an environment with incentives before publishing them in the Mainset. Co -founder Dominik Schiener described Shimmer as "the innovation playground around IOTA".

Shimmer, which will have its own native token called $ SMR, offers developers and users the right token incentives to test different functions and functions before starting in the mainey. These include the introduction of the IOTA SMART Contracts The blockchain-tag and fully compatible with the Ethereum Virtual Machine will be.

: Finally the time has come! IOTA Foundation starts smart contracts beta

The IOTA Foundation also worked on a complete decentralization with the IOTA 2.0 Protocol, and this will also be debut on shimmer. This protocol, which introduces a driverless consensus salgorithm, is currently live in a public test network.

Adding tokenization on the IOTA base layer to make it a programmable multi-asset Ledger, as well as Sharding are also tested in the shimmer network.

Shimmer makes IOTA a defi and NFT competitor

The goal of the Shimmer-Seting network is to enable faster and more aggressive growth of the IOTA network and to give it an advantage over other blockchain projects. Currently, users have to wait for sophisticated and fully tested products that are published in the Mainset. This, while the users are protected, refuses to explore some of the latest products and functions in blockchain projects.

Shimmer will "offer his community an entire ecosystem of applications that aim to stand at the top of the innovation".

also free transactions are introduced in the network. This does not include any fees for the embossing and trading of tokenized assets and NFTS. Shaved Smart Contracts will enable developers to define rewards for validators and support a variety of programming languages, including Solidity, Rust and GO from Ethereum.

Dominik, the IOTA co-founder and chair of the IOTA Foundation, found that this was an important milestone for the IOTA ecosystem. In a press release shared with CNF, he found that the Shimmer network for Iota will do what Kusama has done for Polkadot "offer our ambitious development roadmap decisive tests and public validation". He added the way from Iota to complete decentralization.