The post TON fails DOGS airdrop stress test, causes 3-hour outage appeared on BitcoinEthereumNews.com.

The Open Network (TON) failed to generate any blocks for nearly 3 hours leading its native token to fall by around 5%. Tonscan data shows that the latest block was generated at 06:11:46 UTC+8. The network hiccup has disrupted stability, causing transaction delays, and might even pose security risks. A recent airdrop of the DOGS meme coin sent transaction volumes skyrocketing. The TON blockchain simply couldn’t keep up, with its transactions per second (TPS) falling short of expectations. This comes in when Toncoin is already dealing with high selling pressure with a 20% price drop recorded in 7 days.  Bybit suspends services for Toncoin As reported by Wu Blockchain, Bybit announced that the exchange suspended all deposits and withdrawals through the Toncoin (TON) network due to network instability. TON blockchain failed the stress test as infrastructure crashes in DOGS airdrop. Justin, a member of the TON Foundation, said that “the network overload dud to DOGS txs overload”. This suggests that the congestion was caused by excessive DOGS token transactions and led to slower processing times, higher fees, and instability. He mentioned that the garbage collection overloaded many of the validators for enough time for them to lose consensus. However, in order to restore consensus validators will be called upon to restart at 4:00 UTC on/around the same time with specific flags. @cburniske + Network overload dud to $DOGS txs overload+ 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 (@maverickqe) August 28, 2024 Toncoin price took a straight drop from $5.47 to $5.15 level as the network failed to produce blocks. TON has been on a decline for the past months. TON has shed…

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Filed under: News - @ August 28, 2024 5:26 am