IOTA is set to transition to a new protocol called "IOTA Rebased," aiming for enhanced scalability, decentralization, and programmability. This upgrade will feature over 50,000 transactions per second, 10-15% APY staking rewards, and support for Move-based smart contracts, positioning IOTA as a leader in blockchain adoption. A governance vote will determine the future direction of the network, with the proposal expected to roll out quickly following necessary testing and security checks.
