The Telegram Open Network (TON) blockchain is back online after a six-hour outage at around 10:11 pm UTC on Tuesday, caused by a surge in network traffic, which led to a halt in block production.
The TON Foundation has assured users that all crypto transactions will be processed and no assets will be lost during the disruption. As stated in their recent X post, “TON is now producing blocks normally! We are back online.”
TON is now producing blocks normally!
We are back online. https://t.co/iXM6kF464T pic.twitter.com/FQ6eOt9fok
— TON 💎 (@ton_blockchain) August 28, 2024
This latest update came two hours after the TON Foundation officially reported a disruption in block production due to network congestion. Validators could not clean the database of old transactions, leading to a loss of consensus. However, the “TON Core” called validators to restart at 4:00 am UTC to reestablish consensus.
According to data from the TON transaction scanner Dton.io and data from Tonscan, the TON blockchain is again producing new blocks. Currently, the network has reached 231,879,089 blocks.
The surge in transactions that caused the temporary halt in block production is believed to have been caused by an airdrop of $DOGS, a new TON-based memecoin. A TON Foundation member named Justin confirmed the disruption was due to overwhelming traffic from users trying to access their rewards. Blockchain explorer Tonscan reported that high memecoin traffic led to temporarily suspending “central services.” Exchanges like Binance, Bybit, and OKX suspended transactions due to the high traffic.
Notably, this memecoin is being promoted as the “most Telegram-native memecoin” and was inspired by Spotty, a mascot promoted by Pavel Durov, the founder and CEO of Telegram. The memecoin became available for public trading in the last 36 hours.
RELATED: Pavel Durov’s Arrest Sparks 15% Drop in TON’s Value
Meanwhile, $DOGS has seen a significant price drop, now trading at around $0.0012 with a market cap of $645 million. Trading activity has also decreased, with the 24-hour trading volume dropping to just over $1 billion, according to data from CoinMarketCap.
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