IOTA is preparing for its Rebased mainnet upgrade, slated for May 5, 2025, promising a seamless transition that requires no token migration. The IOTA Foundation has outlined key details and steps to ensure a smooth process.
Key Features of the Rebased Mainnet Upgrade
Effortless Transition for Token Holders
- No token migration needed: Existing IOTA tokens will remain valid.
- Wallet compatibility: Users simply need to import their current wallets into the new system.
- Security emphasis: The foundation advises safely backing up private keys, mnemonics, or Stronghold files to ensure uninterrupted asset access post-upgrade.
Enhanced Tools and Wallets
- New browser extension wallet: Will replace the Firefly wallet, available on launch day.
- IOTA Wallet Dashboard: Offers advanced asset management features.
- Ledger support: Most Ledger hardware wallets (excluding Nano S) will remain compatible with the new IOTA Ledger app.
Exchange and Network Preparations
- Temporary pauses: Deposits/withdrawals on supporting exchanges will be halted during the upgrade, though trading continues.
- Coordinated validation: The upgrade involves collaboration between the IOTA Foundation and 12 validators for a transparent migration.
Genesis Ceremony and Network Launch
- Multi-step process: Includes shutting down the Stardust mainnet, capturing a ledger snapshot, and creating a genesis checkpoint.
- Validator participation: Validators will verify and sign artifacts to ensure consensus and transparency.
Post-Upgrade Environment
- IOTA EVM reactivation: Enables seamless interaction via MetaMask and the new IOTA EVM Bridge Web App.
- Validator expansion: The network will launch with 13 validators, scaling to 150 within months—token holders can delegate stakes to promote decentralization.
Developer and Ecosystem Support
- Infrastructure readiness: RPC endpoints, APIs, and documentation will be available immediately post-launch.
- Community engagement: Updates via Discord, X Spaces, and developer forums to foster involvement.
FAQs About the IOTA Rebased Mainnet Upgrade
Q: Do I need to swap my IOTA tokens after the upgrade?
A: No—existing tokens automatically carry over to the new network.
Q: How can I access my funds post-upgrade?
A: Import your wallet using private keys or mnemonics into the new browser extension or dashboard app.
Q: Will Ledger Nano S be supported?
A: Unfortunately, no—only newer Ledger models are compatible.
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Q: When will exchanges resume IOTA transactions?
A: Shortly after the upgrade completes, typically within hours.
Q: Can I stake IOTA tokens after the upgrade?
A: Yes! Delegating to validators helps decentralize the network.
Q: What happens to dApps during the transition?
A: They’ll temporarily pause but should migrate smoothly with developer support.