Shimmer Network (SMR)

Shimmer Network, symbolized as SMR, is the official staging network for IOTA. It serves as an environment to test and validate new features, upgrades, and innovations before they are deployed on the main IOTA network. Shimmer functions as a permissionless Layer 1 network, similar to IOTA, but with its own native token, SMR. This allows developers and users to experiment with new technologies and functionalities in a live environment without risking the stability of the IOTA mainnet. The network provides a real-world testbed for validating advancements like smart contracts, tokenization, and other decentralized applications. SMR tokens are distributed to IOTA token holders who staked their IOTA tokens prior to a specific cutoff date. This distribution mechanism aimed to incentivize participation in the Shimmer network and foster a strong community. The Shimmer network plays a crucial role in the overall IOTA ecosystem. By providing a dedicated testing ground, it enables developers to identify and resolve potential issues before they impact the mainnet. This contributes to the long-term stability, security, and performance of IOTA. The Shimmer network's architecture is designed to be modular and adaptable, allowing it to easily incorporate new technologies and innovations as they emerge. This ensures that the IOTA ecosystem remains at the forefront of blockchain and distributed ledger technology. Through its dedicated testing environment and active community, Shimmer contributes significantly to the continued development and advancement of IOTA.