Theprice of IOTA for today is $0.157981, with a 24-hour trading volume of $3,562,550. Theprice has been down by -1.1% over the past 24 hours. The Directed Acyclic Graph (DAG) is thehashing algorithm.
IOTA tweeted: "Wrapping up the year with good progress as a foundation and technology to enable the #MachineEconomy, we proudly present our 2019 Year in review/Year in preview from #IOTA.”
IOTA has published a year in review for 2019 and year in preview for 2020. IOTA invited the members of the community and all who are new to the ecosystem to work with them to write the best chapters for 2020.
Therehas been a 15-hour stoppage in IOTA due to a Coordinator bug. However, duringthe stoppage, the system continued to transfer data, and the users were able toread the transactions.
David Sonstebo, Co-founder at IOTA, statedthat the bug was a minor one. On December 29, 2019, at nearly 11 a.m. The bug was identified almost 15 hours afterthe stoppage. The users were able tocontinue with their transactions after the bug. The bug was related to an upgrade called Coordicide.
Bug Fix reported, “IOTA Reference Implementation “didn’t account for a transaction that was shared between two distinct bundles. Once it marked it as ‘counted’ in one bundle, it was ignored for the next bundle. This lead to a corrupt ledger state.”
Whateverthe bug is, there is no reason to panic over such a minor issue pre-Coordicide;and, precisely why Coordicide takes time, one can't execute it until allpossible kinks got ironed out.
The IOTA community was not happy about their leadership, calling the bug issue as being minor. As opposed to using blockchain, IOTA makes use of DAG. There are unique challenges associated when DAG is used instead of a blockchain. As opposed to staking or mining, the transactions got confirmed from two other transactions. For the deals to get validated, a centralized node is essential. The foundation controls this node.
Thecoordinator is the name given to the node controlled by the foundation, whichis a bottleneck, and further improvement is required to avoid it. The IOTA foundation works on removing thecoordinator with a Coordicide upgrade, which got scheduled to complete in 2020.
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