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IOTA Foundation Will Reimburse Holders who Lost Funds Through the Trinity Incident
When the IOTA network was shut down out of the blue, many people expected funds to be lost. It now appears that is indeed the case, but users will seemingly be reimbursed. The IOTA network was forcibly shut down by the developers several weeks ago. Reimbursing Affected IOTA Users As it turns out, that was the only viable course of action in the end. One thing users have wondered about is how much money has effectively been stolen. Considering how the Trinity wallet was affected, a lot of damage can be done in that regard. Several IOTA holders have come
The post IOTA Foundation Will Reimburse Holders who Lost Funds Through the Trinity Incident appeared first on The Merkle Hash.
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The IOTA Network Will Come Back Online Next Week
When the IOTA network was shut down due to an exploit, many expected the situation to return to normal soon. That is not the case, as the network is still offline today. Shutting down any financial system for over two weeks on end is unacceptable. IOTA Network Will Resume in 7 Days In the case of IOTA, temporarily halting the network was the smart decision. Hacking attempts had indicated how the Trinity wallet posed a potential security risk. That was well over two weeks ago, with no real improvement in sight. More specifically, the IOTA network remains offline for value
The post The IOTA Network Will Come Back Online Next Week appeared first on The Merkle Hash.
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The Full IOTA Network Incident Report has been Released
The recent incident affecting the IOTA network still leaves many people surplussed. A full incident report has finally come to light, which puts things in their proper perspective. It is rare for a cryptocurrency network to be halted completely. Documenting the IOTA Network Hack This is especially true when it comes to developers causing this situation. In the case of IOTA, the developers decided to take this action following a Trinity wallet issue. Some money has been stolen, albeit the situation could have ended up far worse. In the full report, a lot of details have been provided as to
The post The Full IOTA Network Incident Report has been Released appeared first on The Merkle Hash.
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The IOTA Network Remains Inaccessible for Value Transactions
The cryptocurrency industry is still reeling from the recent IOTA incident. It now seems a bit more information is becoming available. The Trinity wallet so many IOTA users rely on has indeed been affected by a bug. IOTA Network Issues Aren’t Over yet All users utilizing this software between mid-December 2019 and mid-February 2020 will need to migrate their seed as soon as possible. That tool is still under development right now, with no ETA provided just yet. A new mobile wallet for the users has been released on both Android and iOS. Although the incident may not have affected
The post The IOTA Network Remains Inaccessible for Value Transactions appeared first on The Merkle Hash.
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IOTA Foundation Paused the Network to Prevent Further MIOTA Theft
It is rather uncommon for a cryptocurrency network to grind to a halt. In the case of IOTA, the Foundation somehow managed to shut down the Tangle due to an incident. When developers or a Foundation can “pause” a network, there is something amiss. The IOTA Network can be Paused The core concept of cryptocurrencies is to be decentralized without central authority or control. In the case of IOTA, it appears there is some degree of centralization, albeit it may be a good thing in this regard. By shutting down the Coordinator node – which will be removed altogether in
The post IOTA Foundation Paused the Network to Prevent Further MIOTA Theft appeared first on The Merkle Hash.
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Meet Spark, The “Burner Wallet” for all IOTA Users
Introducing new wallets for specific cryptocurrencies is crucial to increase adoption, Spark, a new wallet for IOTA, offers some interesting features. This wallet is developed by the team behind Trinity, the go-to wallet for most IOTA users. Spark is a Different IOTA Wallet Spark operates very differently, and is tailored more toward experienced users. It is advertised as a temporary web wallet, but one that should be looked at as a “burner”. It is a good way to transaction small amounts of funds and remove all traces of the wallet afterward. One could argue this is similar to using throwaway
The post Meet Spark, The “Burner Wallet” for all IOTA Users appeared first on The Merkle Hash.
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Top IOTA Wallets for 2018
IOTA is one of the most solid platform with over $1 billion in market cap. For IOTA investors and users, finding a secure wallet is by far the most important thing. If you happen to stumble upon a fraudulent site or wallet, you may lose your IOTA in the blink of an eye. The following […]
The post Top IOTA Wallets for 2018 appeared first on NullTX.
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The Daily: Cboe Close to Ether Futures, Brave Boasts Millions of Downloads
Cboe is getting closer to launching ether futures and we’ve covered the report in The Daily. Also, Brave has reported 10 million downloads of the Android version of its privacy-oriented browser, the Russian telecom regulator says it would unban Telegram if the messenger follows court orders, and IOTA Foundation has released its Trinity desktop wallet […]
The post The Daily: Cboe Close to Ether Futures, Brave Boasts Millions of Downloads appeared first on Bitcoin News.
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First Alpha Release of Trinity for Ethereum Is Live
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