In the past 24 hours, the IOTA Foundation stated that it had resolved a technical issue that had prevented transactions from being confirmed on the IOTA network for 15 hours.

Back to the platform github One of the IOTA network developers caused a bug at the node software level to cause a bug at the IOTA blockchain level.

The statement clarification of the defect is as follows:

There is a case where that [IOTA Reference Implementation] IRI is not calculated on a transaction shared between two distinct packages.

Once identified as computed in one packet, it is discarded in the next.

Users reported that the issue first surfaced on Sunday, which took the IOTA development team about 15 hours to fix.

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IOTA founder David Sønstebø stated:

The error is simple and not really different from the periods when the network was disturbed and thus real transactions slowed down significantly.

IOTA has asked users running IRI contracts to update to a new, working software version that carries a bug fix.

stated Dominic Scheiner, co-founder of IOTA, says:

The problem originated with the “current master node program” and has nothing to do with the coordinator.

It is a private node managed by the organization, which is responsible for the final confirmation of transactions on the decentralized IOTA network, known as the “Tangle”.

The team has already begun replacing it with a new, lightweight node, known as the ‘Hornet’.

He added:

He plans to remove the coordinator once engineers have tested and resolved any potential network problems with an event known as “Coordicide”.

Following reports of the network error on Sunday, ‘Sønstebø’ defended the current line-up and setup, and has taken so long to say:

This is the exact reason why it takes a “Coordicide” format, one cannot implement it until all potential problems are eliminated.

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However, some critics have already discussed the centralized nature of the organization’s centrally supervised “tangle” which reduces performance and renders it vulnerable.

in 2018, Tell Blockchain researcher Joseph Rebstock claims that the coordinator automatically approves the same hash, which means that hackers may steal cryptocurrency from users who have reused wallet addresses by duplicating transaction data.

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Sønstebø later denied that this was a security vulnerability.

In an email on Monday, Dominic Scheiner noted:

Coordicide is still going, with the first alpha test taking place in January.

As a reminder, the capital of Taiwan partnered with IOTA in early 2018 to test a new system around personal identity.

In April 2019, Jaguar Land Rover revealed its experience with an incentive program to reward drivers who report road condition data using iota codes.

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