The IOTA Foundation has already announced the beginning of the year that one of the biggest challenges is the elimination of the coordinator. This is the Central node of the network confirms transactions in the Tangle and keeps the IOTA network alive. Therefore, IOTA is in the current Form, centralizes, and accordingly vulnerable. Exactly this vulnerability has now been abandoned by the spirit. There are complications with the coordinator showed up, in consequence of which the network came to a standstill. Currently, the network is almost completely silent.
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IOTA network by the coordinator to a Standstill
A few hours ago, there have been huge irregularities in the IOTA network. It is current, no transactions can be carried out. The Tangle works as before, but the network is shut down. This problem is probably due to a mistake in the coordinator.
The average TPS (Transactions Per Second) per Minute and per 10 minutes have fallen to under 0.5 TPS. Thus, there are currently no transactions can be on the IOTA network.
The current issue is also already the IOTA Foundation is known. On Discord, David Sønstebø, one of the Founder of IOTA, has discovered the word and tried to calm down the Community a bit.
pic.twitter.com/7JHa8dovDj
— Vrom (@Vrom14286662) December 29, 2019
The timing could not fall to adverse. David Sønstebø confirmed that the issue could drag on, as many IOTA developers are currently still on Christmas holiday. Accordingly, only limited capacities are available. Nevertheless, it is currently working hard to get a grip on the Problem. David compares the current Situation with a Spam attack, which the real transactions are also extremely slow, and even to a standstill can come.
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Abolition of the coordinator is always important
There is no reason to panic, therefore, first of all. The Tangle is still functional and all the already stored data are safe. Here, it is primarily only to current transactions, which can not be carried out. Nevertheless, behind the current Situation smacks of a thread and to the stability of the IOTA network in the current stage of doubt. Just imagine, if you already have commercial applications would run through the Tangle. This would currently come to a Standstill. The abolition of the Central network node is thus all the more important to avoid such failures in the future and to strengthen the confidence in the IOTA network.
We observe the current Situation with excitement and hope that a timely solution can be found. This incident is likely to rekindle the debate about the priority of the abolition of the coordinator’s new. Until now, there was the IOTA course is not a reaction to the failure.
UPDATE 19:27 – 29.12.2019
David Sønstebø:
The Problem has been located and the fix is in progress. A more detailed report to what the error was, it will come.
How do you see the current Situation on IOTA and of the coordinator?
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