Shimmer facilitates feeless value transfer between smart contract chains making it a truly scalable multi-chain network.
The Shimmer Network offers four unique features of tokenization, customizability, feeless immutability and interoperability.
Last month, the IOTA Foundation released the Shimmer Network in a bid to provide a frictionless and efficient on-chain experience to users. Shimmer is the incentivized Layer 1 innovation network, built to spark the growth of feeless and highly interoperable digital assets and token economies.
The Shimmer Network seeks to cater to the goals of decentralized and scalable Web 3 economies. As said, Shimmer will also work as IOTA’s staging network to battle-test all future innovations. Besides, Shimmer facilitates feeless value transfer between smart contract chains. This makes it a truly scalable multi-chain network.
Similar to IOTA, Shimmer is also a DAG-based parallelized settlement layer with a higher L2 anchoring capacity. The Directed...
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