IOTA's Dominik Schiener Indicates Four Elements of 'Wheel of Opportunity' of His Team - Crypto News

IOTA’s Dominik Schiener Indicates Four Elements of ‘Wheel of Opportunity’ of His Team

Domink Schiener, co-founder of IOTA Foundation, a non-profit behind the progress of IOTA’s distributed ledger technologies, shared the building blocks of ‘opportunities’ met by his team.

IOTA’s ‘wheel of opportunity’

Mr. Schiener has taken to Twitter to unveil four core aspects of IOTA’s opportunities on its track to new milestones. ‘Liquidity’, ‘Community and Awareness’, ‘Building Blocks’, and ‘Funding’ comprise the four elements of IOTA’s opportunity wheel.

Our responsibility at the #IOTA Foundation is to empower our ecosystem to realize opportunities. We provide, you #BUIDL.

I would also call this the “Wheel of Opportunity”, as all 4 of these requirements need to be provided for our ecosystem to be successful.

— Dominik Schiener (@DomSchiener) July 4, 2021

Mr. Schiener decided to release this scheme as a ‘wheel’ due to the fact that all elements are inevitable for the implementation of new IOTA’s solutions.

He also stressed the role of the community around IOTA’s instruments in the progress of the whole ecosystem. Providing the reliable framework for technical advances is the ‘responsibility’ of IOTA Foundation while its enthusiasts should come and ‘build’.

IOTA Foundation’s Schiener also added that on July 6, 2021, he will come up with further explanations about the ‘plan’ to implement these priorities within the framework of an ‘ask-me-anything’ session.

New Firefly is being stress-tested

Meanwhile, IOTA developers have shared the latest updates on IOTA’s core open-source software. According to their tweet, its Firefly wallet is going to be released with updated UX and fixed bugs.

#Firefly has now entered the testing phase with a closed testing group to find and fix any outstanding bugs & UX friction points. In the meantime, the Firefly backend has been audited, as well as the IOTA Ledger app itself. We will keep you posted as we progress.

— IOTA (@iota) July 4, 2021

Right now, new software releases undergo closed testing with a special group of experts. Also, both wallet and Ledger apps for IOTA transactions passed security audits.

As covered by U.Today previously, IOTA’s Firefly was released in late May, 2021 as a part of Chrysalis, the most profound upgrade for the IOTA system in months. 



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