In the last few days a lot has been said and speculated about Coordicide. Maybe not every person knows exactly what the Coordinator and the Coordicide is and what kind of implications arise. We want to provide education with this little essay.
In order to protect the Tangle in its early phase attacks, IOTA uses the review so called “Coordinator” (also: “Coo”). The Coo is a special node operated by the IOTA Foundation. He regularly publishes zero-value transactions that perform a checkpoint function on Tangle. These transactions, also called “milestones”, determine the direction in which Tangle is being spun. A transaction is only valid if it is confirmed by the coordinator directly or indirectly with a “milestone”.
The use of the coordinator often meets with criticism in the crypto scene, because in principle he…