Anyone Can Now Create Tokens on IOTA 2.0? Dominik Schiener Minted ZEN Tokens on the IOTA 2.0 DevNet
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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.

Read Also: IOTA Co-Founder Dominik Schiener Brings Fintech Startup CredX To Distributed Ledger Ecosystem

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.”

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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.”

Read Also: IOTA Co-Founder: There Will Be So Much Progress over the Coming Weeks and Months

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.

Read Also: Chrysalis, Bridge Network between IOTA and Coordicide Set To Launch in a Few Days’ Time

Schiener wrote, “Did you know that the fully decentralized version of IOTA has been running live in a testnet for several months?”

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.

Read Also: Weiss Ratings Says IOTA Is Destined to Fall, But IOTA’s Co-Founder Has Contrary Opinion

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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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.