Crypto Finance to Support IOTA Chrysalis Upgrade

Share Article
In Brief
  • IOTA has successfully launched its Chrysalis upgrade.

  • The upgrade is one of the most extensive for the IOTA protocol.

  • Crypto Finance has already implemented the upgrade to their services.

  • promo

    Free Cloud Mining Providers to Mine Bitcoin in 2021

The Trust Project is an international consortium of news organizations building standards of transparency.

The Crypto Finance Group has announced that it will support the upcoming IOTA upgrade. Following its involvement in the planning and development of the upgrade

Sponsored



Sponsored

The Crypto Finance Group announced that it would be supporting the latest IOTA upgrade, following its involvement in the development of Chrysalis.

Currently, the Crypto Finance Group offers access to the IOTA ecosystem by providing storage solutions to financial institutions and intermediaries, making the company the first professional IOTA token storage provider worldwide.   

Sponsored



Sponsored

The company has already upgraded its infrastructure to Chrysalis, which will see the IOTA protocol benefit through major improvements in performance, stability, security, and reliability.

What does Chrysalis offer

As one of the most extensive upgrades to the IOTA protocol, Chrysalis sees upgrades to a multitude of areas within the network offering. The upgrade will allow IOTA to develop towards building smart contracts and offering tokenization in the future.

Essentially the upgrade will allow IOTA to develop its applications such as automated market makers (AMM), decentralized finance (DeFi) platforms, oracles, and smart contract-based start-ups. 

IOTA continues to push towards creating its own ecosystem that will allow for permissionless and scalable distributed ledger technology

The network is looking to build an easier method of mass adoption on the protocol, with a key feature including feeless transactions. Security and decentralization remain important to the project, as it looks to build unprecedented scalability moving forward. 

IOTA launched in June 2017, and has been building and developing its network ever since. The project is looking to solve major issues other blockchain face. Such as transaction fees, scalability issues, and high energy consumption. 

At the time of writing, IOTA price was $1.99, with a total market capitalization of $5.5 billion.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. A keen trader and investor in the market since 2016, he enjoys keeping up to date with the latest developments within the industry while finding the next 100x altcoin.

Follow Author

Crypto predictions with the Best Telegram Signal with +70% accuracy!

Join now

Free Cloud Mining Providers to Mine Bitcoin in 2021

Go

How To Mine Cryptocurrency: Beginner’s Guide

Let's Go