The blockchain division of Internet of Things(IoT) has launched a new Decentralized Transaction Validation system. It goes by the name of Coordicide. Its official website is now live for the public. The information regarding the development comes from the official blog post of IOTA. This system will handle transaction security. It will ensure the transactions process and the same funds are not spent twice(double spending). Also, The Coordicide website mentions about challenges of scaling DLT in a lucid manner.

The firm mentions the new system as a step towards realizing IOTA’s move into first decentralized and scalable DLT. IOTA further mentions that users will now enjoy the ultimate freedom to customize the system to their respective needs. implementation of Coordicide will be a great achievement. It will help fulfill IOTA Foundation’s goal of creating a truly enterprise-ready DLT.