Back in April, the Oyster team has decided to postpone the Mainnet launch until May 29. The reason for the delay was due to the fact IOTA did not implement the Tangle features on time. The Tangle is supposed to be the backbone of the Internet-of-Things and provide Swarm Intelligence and sharding for the whole system.
Sharding is essential for the Oyster Mainnet because the Oyster protocol will serve large-scale redundant file storage. As the main Tangle lacked the sharding, the Oyster development moved to a private Tangle. This move resulted in re-architecting the backend already provided by the Oyster testnets.
Oyster is building a unique platform for anonymous decentralized storage and plans to revolutionize the way websites monetize their content. The Oyster Mainnet will involve the use of real funds. At the moment of publication, the Oyster market parameters are as follows:
|Average price||0.547023 USD|
|Market cap||42,649,702 USD|
|Volume (24H)||548,263 USD|