IOTA adopting Sui Mysticeti consensus, L1 Move smart contracts, full decentralization...

Today, IOTA announced a protocol upgrade which will be deployed in 3 months on IOTA mainnet if governance proposal is accepted by community.

This upgrade will be the most important upgrade in IOTA history. With introduction of IOTA Rebased upgrade, IOTA will have:

• Move-based smart contracts on a parallelized DAG-based ledger.
• Full decentralization of the IOTA L1 DAG through a delegated proof of stake mechanism with 150 permissionless validator slots.
• Consensus switch to the Mysticeti protocol for high scalability and low latency, achieving upwards of 50k+ TPS and less subsecond finality.
• Very low transaction fees with an adaptive fee burn mechanism leading to a flexible supply (inflationary/deflationary).
• Sponsored transactions abstracting transaction fees away (possibly even feeless) from the user to significantly improve the user experience.
• Ability to earn staking rewards in IOTA tokens for token holders that secure the protocol through staking and delegation.
• Initial target inflation of 6-7% per year issued to reward stakers and validators, yielding 10-15% APY in staking rewards.

With this upgrade, IOTA will be one of the first cryptocurrencies that implemented MoveVM (together with Sui and Aptos)

Together with this announcement, they also announced a few govenment partnerships, large staking pools and projects joining IOTA.

Read more here:

https://blog.iota.org/iota-rebased-fast-forward/
https://blog.iota.org/iota-rebased-technical-view/