The public distributed ledger (DLT) IOTA has temporarily halted part of its network to investigate wallet thefts. Transactions that don’t have any financial value are still happening, but the IOTA Foundation switched off the coordinator, which validates token transfers.
IOTA is one of the public distributed ledgers that is fairly popular with enterprise users, especially in the engineering sector. It has partnerships with the likes of Bosch, Jaguar Land Rover and ST Microelectronics. It’s a tangle, not a blockchain, and is much more performant by comparison.
In the early days, there were serious security vulnerabilities that were subsequently rectified. The current issue does not appear to be with the distributed ledger itself.
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