December 30, 2019, 5:44AM EST
• 3 min read

IOTA halt reinforces a tangle of problems

Quick Take

  • IOTA halted for more than 15 hours as the centralized coordinator node encountered a serious bug, which was described as a “minor issue”
  • This recent incident reinforces that IOTA is a buggy centralized ledger that still 100% relies on one party
  • IOTA will never be mass adopted and the ledger will continue fading into irrelevance

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