Exciting Developments in the IOTA Ecosystem: Rebased Mainnet Upgrade Set for May 5, 2025
By Luisa Crawford
April 22, 2025 – 07:41 AM
In the rapidly evolving world of cryptocurrency, staying updated on network upgrades is crucial for any investor. One of the most anticipated events on the blockchain calendar is the forthcoming Rebased mainnet upgrade from IOTA, set to launch on May 5, 2025. As part of our commitment at Extreme Investor Network to provide our readers with the latest insights, we delve into what this upgrade means for investors and the broader IOTA ecosystem.
What to Expect from the Rebased Mainnet Upgrade
The IOTA Foundation has outlined a comprehensive plan for transitioning from the existing Stardust network to the new IOTA network. This change is not just a technical upgrade; it represents a transformative shift that reinforces the stability and scalability of the IOTA ecosystem. Let’s explore the key elements in detail.
Seamless Transition for Existing Token Holders
One of the standout features of the Rebased upgrade is that no token migration will be required. For current IOTA token holders, this is fantastic news, as it means that all users need to do is load their existing wallets into the new system. However, the IOTA Foundation stresses the importance of exporting wallet private keys, mnemonic phrases, or stronghold files to ensure unfettered access to assets post-upgrade.
At Extreme Investor Network, we recommend that users double-check their private key storage methods for added security before the upgrade date.
Enhanced Tools and Wallets
With this upgrade, IOTA is introducing a brand new browser extension wallet to replace the existing Firefly wallet. This new wallet is set to enhance user experience significantly, thanks to the advanced functionalities that will accompany the launch. Alongside this, the new IOTA Wallet Dashboard app will be available, offering asset management capabilities that better serve the needs of users.
For hardware wallet enthusiasts, Ledger support will continue for most devices, except for the Ledger Nano S, provided that the new IOTA Ledger app is installed. This ensures that security remains a top priority while expanding the toolkit available to IOTA users.
Exchange and Network Preparations
During the upgrade, exchanges supporting IOTA will temporarily pause deposits and withdrawals. However, trading will persist, ensuring that users can still engage in the market during this transition. We anticipate a swift resumption of services post-upgrade, thanks to the meticulous preparation and collaboration among the IOTA Foundation and 12 validators overseeing the process.
Genesis Ceremony: A Critical Step
At the heart of this upgrade will be the Genesis Ceremony, an essential event where several steps will ensure the successful establishment of the new network’s foundation. This includes ceasing operations on the Stardust mainnet, taking ledger snapshots, and creating a genesis checkpoint—all critical actions that need to be verified and signed by validators to uphold consensus.
What Comes Next?
Post-upgrade, the IOTA EVM will resume operations, allowing for streamlined interactions via MetaMask and the new IOTA EVM Bridge Web App. The validator network will initially comprise 13 validators, with a goal of expanding to 150 in the upcoming months. This transition encourages token holders to delegate stakes, further enhancing the decentralization of the network.
Supporting Developers and the Community
Infrastructure will also see significant advancements, with RPC endpoints and APIs available immediately after launch. Comprehensive documentation for developers will facilitate the rapid deployment of decentralized applications (dApps) in the wake of the upgrade. Moreover, the IOTA Foundation is actively promoting community engagement through discussions on various platforms, inviting feedback and involvement from stakeholders.
Conclusion: Why This Matters for Investors
As the IOTA ecosystem gears up for this monumental upgrade, it represents not only a technical leap but also an opportunity for investors to position themselves advantageously in the blockchain landscape. With a seamless transition and enhanced tools at their disposal, current and future IOTA holders are in a prime position to reap the benefits of an ever-expanding ecosystem.
Stay tuned to Extreme Investor Network for ongoing updates and in-depth analyses of developments within the cryptocurrency sector. By equipping yourself with knowledge, you can navigate the complexities of the crypto market with confidence!
For more exclusive content and insights into the world of cryptocurrency and investment strategies, make sure to subscribe to our newsletter!