Binance: IOTX-USDT buy / long D1.
Iota announced the development of Assembly and its accompanying ASMB token, aimed at accelerating the expansion of smart contracts across multiple domains, including decentralized resources (DeFi) and NFTs.
Assembly uses the existing architecture of the Iota network to act as a sovereign, interoperable bridge, reaping the benefits of scalability, strong security, and more.
The platform is fully compatible with the Ethereum Virtual Machine (EVM), as well as supporting the Solidity, Rust, Go and TypeScript smart contract languages, which are expected to be added in the near future.
In conversation with Cointelegraph, Dominik Schiener, co-founder and president of the Iota Foundation, said: “Assembly aligns with Iota’s overarching vision to create a decentralized, infrastructure-based ecosystem. of the project can provide a perfect environment for project construction.”
In October, the Iota Foundation launched beta smart contracts with EVM functionality to support scalability, interoperability, and significantly reduce transaction fees on the Iota network.
By adopting a community-centric governance model, Assembly is seeking to foster an environment for creators, developers, and community advocates to facilitate ecosystem expansion. from Iota to the Web3 and Metaverse domains.
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