{"id":367891,"date":"2021-11-16T17:00:00","date_gmt":"2021-11-16T14:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/iota-foundation-to-launch-staging-network-and-reward-token\/"},"modified":"2021-11-16T17:00:00","modified_gmt":"2021-11-16T14:00:00","slug":"iota-foundation-to-launch-staging-network-and-reward-token","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/iota-foundation-to-launch-staging-network-and-reward-token\/","title":{"rendered":"# Iota Foundation to launch staging network and reward token"},"content":{"rendered":"

“# Iota Foundation to launch staging network and reward token <\/strong>”
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The Iota Foundation has announced the upcoming launch of a staging network, Shimmer, in a bid to advance through the Iota roadmap toward fully functional decentralization.<\/p>\n

The layer-one network will act as an innovation testbed for developers and builders in the community seeking to evaluate decentralized finance (DeFi) and nonfungible token (NFT) app<\/a>lications. This sandbox model allows applications to establish efficiency and compatibility prior to launching on the Iota mainnet, ensuring smooth deployment.<\/p>\n

The first major network upgrades hosted on the Shimmer network are a programmable multi-asset ledger, smart contracts, full decentralization and sharding.<\/p>\n

The Iota Foundation is an open-source, not-for-profit entity \u2014 known as a stiftung<\/em> in Germany \u2014 that was founded in 2018 to support multifaceted initiatives within the Iota ecosystem, such as research, development and education in the distributed ledger technology<\/a> space.<\/p>\n

IOTA token holders will be granted the ability to earn staking rewards in SMR via the platform\u2019s Firefly wallet. Following a token distribution over the coming months, the Shimmer network is slated to launch in early 2022.<\/p>\n

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pic.twitter.com\/3OCcQjUtjn<\/a><\/p>\n

\u2014 IOTA (@iota) November 12, 2021<\/a><\/p><\/blockquote>\n