IOTA says it has resolved mainnet issues; network transactions are going through

Layer 1s • December 30, 2019, 3:26AM EST
UPDATED: December 30, 2019, 11:17AM EST
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The IOTA Foundation, the non-profit behind the IOTA blockchain network, has said that an issue related to its mainnet has been fixed.

The network was reportedly unable to process transactions for 15+ hours yesterday. The foundation said a “corrupt” ledger state was caused by an edge case where the IOTA Reference Implementation (IRI) didn't account for a transaction that was shared between two distinct bundles.

“Once it marked it as ‘counted’ in one bundle, it was ignored for the next bundle,” said IOTA, adding that the issue has now been resolved. The foundation also urged users, who are running an IRI node, to update it to version 1.8.3 (available on its GitHub page).

Transactions on the network are also going through, according to the IOTA Tangle, a stream of interlinked and individual transactions.

Cryptocurrency exchange Huobi, which temporarily suspended deposit and withdrawal services of IOTA due to its mainnet upgrade, has now resumed the services after nearly 20 hours.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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