IOTA’s Rebased Upgrade: Decentralization and Smart Contracts Take Center Stage

IOTA’s upcoming Rebased upgrade is poised to mark a significant departure from the project’s past, transforming it into a more decentralized and programmable network. The protocol will transition to a delegated proof-of-stake model, replacing the centralized Coordinator with a decentralized network of validators elected by token holders. This unprecedented move eliminates centralized control over transactions and sets the stage for a true blockchain without blocks.