By Solomon Odunayo
Dominik Schiener, the co-founder of the IOTA Foundation, has some hours ago stated that IOTA is the only token economy without inflation.
Schiener said this in response to a pseudonymous IOTA community member identified on Twitter as wiredutch, who described IOTA as a non-inflationary currency.
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Wiredutch tweeted, “IOTA is a non-inflationary currency in that there is a fixed amount of tokens in circulation and the protocol doesn’t algorithmically create additional supply.”
In response to the user’s assertion, Dominik Schiener stated that none of the major tokens is without inflation except IOTA.
Dominik Schiener tweeted, “Out of all the major tokens, IOTA is the only token economy without any inflation. There will never be more tokens. There is only a limited number of tokens.”
Out of all the major tokens, #IOTA is the only token economy without any inflation.
There will never be more tokens. There is only a limited number of tokens. https://t.co/znocJWkcKr
— Dominik Schiener (@DomSchiener) May 27, 2021
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IOTA 2.0 Has Been Running Live Testnet For Several Months
A couple of hours ago, Schiener shared the progress of the Pollen test network with the fully decentralized IOTA.
According to the co-founder of IOTA, the testnet has been running for several months, attaching an animation to illustrate the performance of IOTA’s Pollen. He also reiterated that all transactions initiated on the network are feeless.
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Schiener wrote, “Did you know that the fully decentralized version of IOTA has been running live in a testnet for several months?”
Did you know that the fully #decentralized version of #IOTA has been running live in a testnet for several months? #Feeless + #DLT = 🚀#IOTAv2 pic.twitter.com/lYtKxMF1KE
— Dominik Schiener (@DomSchiener) May 28, 2021
IOTA Becomes a Member of IAMTS
As a report has it, IOTA has become a member of the International Alliance for Mobility Testing & Standardization (IAMTS), a global and membership-based association of organizations involved in the testing, standardization and certification of advanced mobility systems and services.
IAMTS develops and grows an international portfolio of advanced mobility testbeds that meet the highest quality implementation and operational standards.
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IOTA Foundation tweeted, “Exciting times ahead! We’re happy to become a member of The International Alliance for Mobility Testing & Standardization (IAMTS) to further the work on connected and autonomous vehicle testing.”
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