IOTA Being Shut Off Is the Latest Chapter in an Absurdist History
IOTA's 12-day outage shows the crypto markets aren't rational, at least not yet.
IOTA price
(MIOTA)
$0.26
+0.44%
1h
24h
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$0.0000January 1 12:00 AM
5:41 PM9:50 PM2:00 AM6:09 AM10:19 AM2:28 PM
$716.5M
$6.4M
2.8B MIOTA
About IOTA
IOTA is designed to facilitate microtransactions between devices on the Internet of Things (IoT). IOTA uses a unique consensus algorithm (called the Tangle) that requires users to validate two transactions in order to make a transaction of their own.
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IOTA Foundation Suspends Network, Probes Fund Theft in Trinity Wallet
The German nonprofit, which supports several decentralized platforms, said it received several reports of fund theft from its Trinity Wallet users and decided to shut off the Coordinator node in the network for further investigation.
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