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220 Million+ IOTA Locked in Just 12 Hours Ahead of Chrysalis Launch

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Thu, 04/22/2021 - 08:54
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Yuri Molchan
IOTA co-founder has tweeted that over 220 million coins has been locked in as IOTA users are preparing for the migration to Chrysalis network
220 Million+ IOTA Locked in Just 12 Hours Ahead of Chrysalis Launch
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Dominik Schiener, who cofounded IOTA, has announced on his Twitter page that in just 12 hours, over 220 million tokens have been locked in as IOTA has started moving to the Chrysalis protocol.

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As reported by U.Today earlier, the migration started Wednesday and will last a calendar week. Chrysalis will be launched on April 28.

Chrysalis is the major upgrade that will allow IOTA to lay the basis for adding smart contracts and launching native assets.

Related
IOTA Begins Migration to Chrysalis, Here’s What It Means

When the shift to Chrysalis is completed, dev teams will be able to launch dapps on IOTA and create other solutions.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.