- IOTA’s latest integration enables a single transaction to call up to 1023 Move functions pending the much anticipated Rebased Protocol.
- An analyst has observed that the integration of MoveVM and EVM puts IOTA in the same category as Aptos and Sui.
Pending the upcoming mainnet launch of the IOTA Rebased Protocol, a fresh integration has been made to ensure that a single transaction can call up to 1024 Move functions. According to the report shared on X, the Programmable Transactions would have two key concepts – Inputs and Transactions.
Source: IOTA
Meanwhile, IOTA expects all objects to be fully resolved including “the version” when building a transaction.
The SDK automatically looks up the current version of objects for any provided object reference when building a transaction. If the object reference is used as a receiving argument to a moveCall, the object reference is automatically converted to a receiving transaction argument. This greatly simplifies building transactions, but requires additional RPC calls.
The IOTA Rebased Protocol is expected to be launched early this year. According to our recent publication, this transition is subject to multiple conditions including the readiness of the review of all validators on the testnet. Meanwhile, crypto expert Michael Atlan believes that the protocol would bridge Decentralized Finance (DeFi) and institutions through MoveVM and EVM integration.
IOTA is ready for real-world adoption. With MoveVM + EVM integration, regulated finance solutions, and a $50M growth fund, it’s bridging DeFi and institutional needs. No VC baggage, most tokens already in circulation, & real partnerships position IOTA for its mainnet re-launch.
IOTA’s Rebased Protocol and Focus on RWA
Similarly, an expert identified as DeFiMaximalist believes that the Rabased Protocol feels like “IOTA’s second shot at proving its vision was always right.” Additionally, it is largely backed by partnerships and groundbreaking technological breakthroughs.
According to DeFiMaximalist, IOTA’s integration of MoveVM and EVM put them in the same category as Aptos and Sui. In addition to this, IOTA’s focus on real-world adoption while other chains go after yield farms and memecoins makes it unique, according to the analyst.
Instead of scrapping what made it unique, IOTA doubled down on its parallelized DAG ledger and layered programmability on top. It’s modular, scalable, and suddenly a real contender for DeFi and RWA adoption…One thing that’s always stuck with me about IOTA is its focus on real-world adoption long before it was trendy. While other chains were chasing yield farms and meme coins, IOTA was sitting down with governments and enterprises—and it’s finally paying off.
As indicated in our earlier discussion, IOTA seeks to achieve more than 50,000 transactions per second with a finality time of less than 500 milliseconds. In preparation, the team has also created a new IOTA Builder Server on Discord to encourage individuals to collaborate on innovations in the ecosystem. As reviewed in our recent publication, the server was also meant to minimize distraction by providing “focused value” to participants.
Apart from this, IOTA has also launched tokenized US Treasuries in Dubai and established active pilots in Kenya and the UK.
