The new upgrade, IOTA Rebased, involves switching the core technology of the IOTA network to a Move-based object ledger.

The upcoming Rebased Protocol of IOTA is reported to combine the Sui MoveVM and the EVM to achieve full decentralization.

Unlike its rivals, such as Ethereum, IOTA isn’t a blockchain. Rather, it uses the Directed Acyclic Graph (DAG) consensus mechanism, which is an impressive way of organizing transactions.

IOTA has proposed an upgrade called “Rebased Protocol” to transition to full decentralization and subject its TPS to a ...