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IOTA's newly launched Shimmer token has seen its first major exchange listing. Crypto exchange Bitfinex has announced support for the SMR token, according to a recent tweet.
First major exchange already supporting #Shimmer. Thank you @bitfinex 🎉
— Dominik Schiener ✨ (@DomSchiener) September 30, 2022
This is the way 🤝🚀 getting early 2017 IOTA vibes right now https://t.co/UhFRJC0QdO
Dominik Schiener, IOTA co-founder and chairman of the IOTA Foundation, has taken to Twitter to celebrate the milestone while thanking Bitfinex for its support of the Shimmer token. The IOTA co-founder also likened the moment to "early 2017 IOTA vibes."
The IOTA Foundation's Shimmer Network launched on Sept. 28 after months of beta testing. Shimmer is a novel approach that enables developers to launch a variety of tokens, including stablecoins, non-fungible tokens (NFT), and tokenized real-world assets on Layer 1 (the base) networks with zero fees. Shimmer is an independent, full-scale blockchain that uses its own SMR tokens.
IOTA identity coming to Shimmer network
Coming to Layer 1 of the Shimmer network now: @iota Identity 🚀 ! Learn how #NFTs, native tokens and smart contracts interact with digital identities on the new #Shimmer network: https://t.co/kOzocMbmyv
— Shimmer (@shimmernet) September 30, 2022XRP Hits ‘Extreme Fear’ After 19% DropU.Today Crypto Review: Ethereum (ETH) Loses 30-Day Progress, Shiba Inu's (SHIB) End of Bears; Bitcoin's (BTC) Last Recovery ChanceU.Today Crypto Digest: Strategy (MSTR) Buying Bitcoin Again, Bitmine Adds $108 Million Worth of Ethereum, XRP Price Flashes Major WarningXRP Price: Ripple CEO Predicts New All-Time Highs for Crypto Markets
IOTA Identity will soon be available on Layer 1 of the Shimmer network, according to a recent tweet.
As explained in a blog post, IOTA Identity will now be available at Layer 1 of the network thanks to the planned Stardust upgrade. The new approach represents a significant improvement over the prior data mechanism because it allows identities to communicate with native tokens, smart contracts and NFTs, while ensuring better data availability, accessibility and synchronization. The new UTXO-based decentralized identifier method, as well as other capabilities, are awaiting testing now that the Stardust protocol upgrade is live on the Shimmer network.
In other news, Cardano founder Charles Hoskinson has invited the IOTA co-founder and chairman of the IOTA Foundation, Dominik Schiener, to a debate. IOTA co-founder Dominik Schiener seems excited by the debate, saying it allows him to talk about the progress and roadmap of IOTA's new protocol. No further details have been shared at press time.
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