Reportedly IOTA Foundation, a non-profit foundation established in a Germany as a formal and non-profit organization in 2017, has just removed a software bug that hindered transactions from confirming on the IOTA network for 15 hours. The bug in the node software created a ‘’corrupt ledger state.’’ According to a GitHub post there is an edge case where IRI didn’t account for a transaction that was shared between two district bundles and once it marked it as ‘’counted’’ in one bundle, it was ignored for the next bundle. The engineering team of IOTA took 15 hours to solve the problem, the bug was minor, after it was reported. Real transactions slowed down significantly because there was no different from periods where the network has been spammed.
After solving the problem, users were asked to update the new software version. Actually the problem was generated with the current primary mainnet node software and had nothing to do with the coordinator which was account for the final confirmation of transactions on IOTA’s, which was established with the focus to develop the next generation of protocols for the connected worlds, decentralized network which is called Tangle, which was designed as a transaction platform for new internet of things or IoT initiatives. The team is trying to remove the coordinator after the testing process will be done with an event called ‘’Coordicide.’’ They want to replace Tangle with a new lightweight node which is known as Hornet.
After the incident, there was criticism hovering about the centralized nature of Tangle curtails performance and makes it pervious. According to another source, the Next Web the Coordinator automatically approves the same hash that actually refers that hackers cannot steal cryptocurrency from users. But another piece of news came that Coordicide is proceeding unchanged, with the first alpha test happening in January.