• Shimmer facilitates emotionless value transfer between smart contract chains, making it a truly scalable multi-chain network.
  • The Shimmer network offers four unique features of tokenization, customizability, emotionless immutability, and interoperability.

Last month, the IOTA Foundation released the Shimmer Network in an effort to provide users with a frictionless and efficient on-chain experience. Shimmer is the incentivized Layer 1 innovation network, built to stimulate the growth of emotionless and highly interoperable digital assets and token economies.

The Shimmer network seeks to accommodate the goals of decentralized and scalable Web 3 economies. As said, Shimmer will also act as IOTA’s staging network to battle-test all future innovations. Also, Shimmer facilitates emotionless value transfer between smart contract chains. This makes it a truly scalable multi-chain network.

Like IOTA, Shimmer is also a DAG-based parallelized sentence layer with higher L2 anchoring capacity. The Directed Acyclic Graph (DAG) is another form of blockchain technology. The DAG technology links individual transactions to multiple other transactions. As a result, the Shimmer network helps connect and secure sovereign blockchains, applications and ecosystems.

Let’s take a look at the four key features of Shimmer Network that set it apart from other projects and give it a competitive edge over its competitors.

Four unique features of IOTA’s Shimmer Network

  1. Distinct native tokenization: Shimmer offers unique tokenization features like no other from the crypto space. The tokenization framework of IOTA offers the guarantee of full compatibility and interoperability. As a result, Shimmer will allow anyone to create native tokens and NFTs on Shimmer at zero fees. NFTs on Shimmer also act as wallets that can hold other NFTs or native assets.
  2. Adaptability: The Shimmer Network comes with an extended UXTO model that offers more complex output types and facilitates new transactional features and atomic operations. Shimmers’ customizable timed UTXO features bring a new era of value transactions. It allows for frictionless marketplace operations without the need for expensive custom smart contracts.
  3. Numb immutability: The Shimmer network enables immutable data and value transactions at absolutely no additional cost. Mining tokens and NFTs also require a fully refundable deposit. As cryptanalyst2xnmore explains: “This makes it possible to immortalize any kind of data, hashes of external data, real objects, ownership or identities. Real-world assets can be represented securely through custom, transferable tokens.”
  4. Interoperability: The Shimmer infrastructure layers act as an all-encompassing universal bridge that connects everything. All chains anchored to the Shimmer network can use it as the ultimate secure and emotionless bridge for all cross-chain transactions. The Shimmer network provides the basic infrastructure for transfer and trading without any restrictions and additional risks.

The Shimmer Network also has its native cryptocurrency SMR token which will be used to offer financial incentives for using the network. Users can claim SMR tokens and earn stake rewards via IOTA’s official wallet Firefly.