IOTA Fixed Issues After Freezing Mainnet Transactions For 24 Hrs.

The users of IOTA (MIOTA), the 23rd largest coin by market cap, were recently unable to confirm the transactions for 24 hours due to a mainnet incident. This occurred on December 29 and as the altcoin news and rumors show, IOTA fixed issues and confirmed them in a statement.

The official statement from the IOTA team shows that the network experienced a mainnet incident starting at 2:50 UTC on December 29 – which was fully resolved by 2:50 AM UTC on December 30.

Caused by an unusual set of transactions which may have been constructed as an attack, the incident brought a lot of negative comments. As described in the blog post where the Foundation shared how IOTA fixed issues, the problem was caused at the IOTA Reference Implementation. Specifically, the incident was caused by an edge case in transaction structuring that may have been constructed as an attack, as the firm described.

The root cause, as per IOTA, lies in the fact that the IRI was not able to handle an edge case where transactions are shared between multiple separate bundles, as the post reads. Once the IRI marked a transaction as “already accounted for” in one bundle, it was ignored in the next bundle. This resulted in a corrupt ledger state from which the node was unable to recover.

IOTA fixed issues but they previously caused the network coordinator to cease the issuance of further milestones. So far, the IOTA Foundation has not seen any known incidents with the same root cause, as we could see in its notes.

As we could see from the IOTA news today, the firm also emphasized that the incident was not caused by software changes or any other components of the network – but rather occurred as a result of the “absence of transaction processing logic for an unusual set of transactions.”

Last week, the major crypto payment processor BitPay confirmed that its service was down for more than 3 hours as the company was working to fix the transaction issues.

Meanwhile, IOTA (MIOTA) is trading at $0.1624 and is unchanged on the day. It is one of the altcoins that did not change their prices and is still irrelevant to the latest dump where a lot of coins lost more than 1%.