The IOTA Legacy Migration Tool has been introduced by the IOTA Foundation to facilitate the transfer of tokens from the legacy IOTA network to Stardust. Unlike previous migration methods, this tool is a standalone app that can be used with any wallet. By entering their legacy seed, users can generate a new Stronghold file and mnemonic, as well as an Ed25519 address on Stardust for their tokens.
To assist users in transitioning from the legacy IOTA network to the groundbreaking Stardust version, the IOTA Foundation has launched the IOTA Legacy Migration Tool. This app can be used with any wallet and simplifies the migration process, making it easy and intuitive.
The Stardust update was released in early October last year, introducing tokenization, NFTs, and layer two smart contract capabilities. Since then, the Foundation has been working on migrating users from the legacy IOTA network to the new version, with the migration officially starting on February 21.
Exciting news for IOTA holders! The IOTA Legacy Migration Tool is now available, providing a seamless solution for migrating tokens from the legacy network to Stardust. Safeguard your assets and embrace the future of crypto with ease.
The IOTA Legacy Migration Tool streamlines the entire process, automating the heavy lifting and offering a user-friendly interface to guide users through the migration.
To migrate, users need to enter their seed into the app, which will generate a new mnemonic and Stronghold file. It is crucial to save these as they are essential for token ownership. The app also creates a new Ed25519 address specifically for Stardust tokens. The IOTA Foundation advises users to handle this new address with utmost importance, as it will be the new home for their migrated tokens.
By clicking the “Begin Migration” button on the app, the migration process will start automatically.
After completing the migration, the Foundation recommends exporting the migration log for future reference. It is also important to export the Stronghold file, as it is necessary for accessing the migrated tokens. With this file, users can easily import their tokens to any supported wallet, whether it’s on desktop or mobile.
For users with Ledger hardware backups, the process is slightly different, involving the installation of both the IOTA App and the IOTA Legacy App. However, the migration is still straightforward, with clear instructions provided on the IOTA website.
The IOTA Legacy Migration Tool is a standalone app designed to ensure a smooth transition to the Stardust network. It is important to note that this tool is not a wallet, and users must transfer their recovery phrase (mnemonic) or Stronghold file to a compatible wallet in order to access their migrated funds.
IOTA continues to push the boundaries of blockchain innovation, making an impact in various industries. From its partnership with TradeMark East Africa for cross-border trade to its involvement in the upcoming world of sixth-generation wireless communications (6G), where the Internet of Things is expected to play a significant role, IOTA is constantly driving advancements in the field.
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