The Chrysalis update has provided a powerful boost to the token's growth of 573% YTD.
Project launched in 2015IOTA has been developing a series of updates for a year and a halfChrysalis, which should prepare the blockchain for the upcoming launch of IOTA 2.0. Co-founder and CEO of the IOTA Foundation Dominik Schiener said in an interview with ZDNet that the team is ready to launch the update in April of this year.
Amid the news, the token soared to $ 1.75, according to Coingecko. Since the beginning of the year, the coin has risen in price by 573%.
The update Chrysalis promises to be implemented innetwork of several decentralized solutions that will increase throughput and lower fees, as well as add support for oracles and smart contracts.
The upgrade will allow you to switch to a new distributed ledger that will work without miners, and a special Mana token will be generated on the network.
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