IOTA is one of those digital currency projects you either intensely get or determinedly don’t. There’s no center ground undoubtedly. Its Tangle technology is either a splendid leap forward that will give the foundation answer for the Internet of Things or a total disaster waiting to take place.
In the wake of recouping from some early stage struggle in its initial days, IOTA has been picking up respect, fashioning connections, and dealing with brilliant urban communities. Yet, past a declaration of an association with Jaguar Landrover, it hasn’t instsructed such a lot of press. Until of late when the project unexpectedly got blockaded by negative headlines.
Beginning with an open quarrel between an early IOTA founder taking steps to sue the Foundation over theft of his 25 million tokens, trailed by a defenselessness in the Trinity wallet on February 12 prompting $2.3 million hack and the constrained shut down of the Tangle. IOTA has gone through more promising times.
With the turning off of its network for more than about fourteen days now, IOTA appears to have lost its direction. Furthermore, its outage has just outlasted a few celebrity marriages including those of Britney Spears, Pamela Anderson, and Carmen Electra.
IOTA's outage has outlasted these celeb marriages:
Britney Spears & Jason Alexander: 55 Hours
Carmen Electra & Dennis Rodman: 9 Days
Cher & Gregg Allman: 9 Days
Pam Anderson & Jon Peters: 12 Days
Can IOTA go 72 days to honor Kim Kardashian and Kris Humphries?
— Rob Paone (@crypto_bobby) February 26, 2020
IOTA, with its Tangle technology, intends to make sure about the IoT and its applications. However, the ongoing unfortunate events have indicated that “Tangle” is a word more qualified to the gigantic chaos the Foundation right now ends up in.
Up until this point, it has reacted in a 3-section statement. However, the incident has rankled numerous IOTA investors, not just those whose tokens were taken. In the event that the fight and the hack weren’t terrible enough, a large number of IOTA’s pilot ventures are presently undetermined.