What Caused 6+ Hours Downtime?
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The Telegram Open Network (TON) is experiencing a major operational disruption. For over six hours, it has failed to produce new blocks, indicating potential vulnerabilities within its system. According to data from Tonscan, the last block generation occurred around 22:11 UTC. Under normal conditions, blockchains like TON operate continuously. A halt in block production can lead to transaction delays and heightened security risks. Although rare, such interruptions can underscore challenges in managing high network loads. What Caused the TON Blockchain Outage? This particular disruption appears to have been triggered by the recent launch of the meme coin DOGS, which began trading on major exchanges on August 26. Consequently, the network experienced a significant traffic surge, with airdrop winners transacting their DOGS tokens. Read more: 6 Best Toncoin (TON) Wallets in 2024 The sudden influx overwhelmed the network, as Justin, a member of the TON Foundation, explained. He attributed the outage to an “overload due to DOGS transactions.” “Garbage collection overloaded many of validators for enough time for them to lose consensus. To restore consensus validators will be called upon to restart at 4:00 UTC on/around same time with specific flags,” Justin stated. Amidst these technical challenges, major crypto exchanges such as ByBit and Binance have paused all deposits and withdrawals of TON. This step is a precaution to protect users’ transactions and funds until the network stabilizes. Despite the operational issues, TON’s native token, Toncoin (TON), has maintained a relatively stable trading price of $5.34. Toncoin (TON) Price Performance. Source: BeInCrypto Reactions from the community have been mixed, with concerns emerging over the blockchain’s capacity to handle such large-scale events. Mikko Ohtamaa, a blockchain enthusiast, highlighted that the network failed the stress test as infrastructure crashed in the DOGS airdrop. “Only max of 280 TPS (transactions per second) reached. This…
Filed under: News - @ August 28, 2024 5:28 am