Iota cryptocurrency shuts down entire network after wallet hack
For those who haven't been following the previous episodes, IOTA is the cryptocurrency that uses ternary logic because it supposedly makes it more efficient (it very much remains to be proven). The idea is to bring cryptocurrencies to embedded devices, which IMO like much of the cryptocurrency space is very much a solution in search of a problem. Didn't stop them from making a fortune with pre-mined coins during the cryptocurrency boom.<p>I remember that a few years ago there was a lot of debate about whether IOTA was truly decentralized. Advocates were arguing basically that "it's not completely decentralized now but it will be soon". Well I guess we know were we're at right now.