The troubles are piling up for The Open Network (TON). Just after it had emerged from an outage that made any transaction on TON impossible, the blockchain designed by the team behind the Telegram messaging service has experienced a second outage.
Just 24 hours after the first outage, block production on TON is interrupted again
The days go by and look the same for The Open Network (TON). The blockchain run by the team behind Telegram just experienced its second outage in 2 days. Around 9pm last night, new problems in block production were discovered.
👉 To learn more – The Open Network (TON), the blockchain tailored for the Telegram application
On X, TON quickly reacted, explaining that this second failure had occurred because of the strong activity around memecoins, and more particularly around DOGS. Once again, the blockchain has failed to contain the explosion in the volume of transactions in DOGS tokens.
Block production on TON experiencing further disruption
Block production issues began at 19:19 UTC. The disruption appears to be due to heavy load attributed to DOGS token minting. TON Core is working on a solution.
We will continue to update you on the situation as it evolves.…
— TON 💎 (@ton_blockchain) August 28, 2024
Indeed, this Tuesday, memecoin launched its airdrop, something the TON network didn't seem to be well prepared for. Transactions have multiplied, drastically increasing block production. A rate much too fast for the blockchain.
Seeking to prevent a third such outage from happening again, The Open Network team said it is working to find a solution to restore the network and stabilize block production.even during peak activity.
During the interruption of transactions, TON developers have asked network validators to update and restart their nodes in order to solve the problem.
It was only at night, around 3 a.m., that production was able to resume, ending this second breakdown. As we write these lines, TON is functional again.
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The craze around the memecoin Resistance Dog (REDO) is not unrelated to this second outage.
Alongside the DOGS airdrop, TON blockchain suffers from Telegram CEO arrestPavel Durov, last weekend at Le Bourget airport. Following this event, the Toncoin ratethe native cryptocurrency, is down about 15%.
Furthermore, as a form of support for their boss, Blockchain developers had adopted the Resistance Dogs avatar on their community channelsA movement that was taken up by a part of the crypto ecosystem, that in favor of the pure and simple release of the co-founder of the messaging service.
🚨 In the news – France: Telegram CEO Pavel Durov indicted and released under judicial supervision
Thus, the price of REDO, the cryptocurrency associated with the same, jumped about 140% last Monday to $0.80 before settling at $0.60, its current value.. Also, the trading volume of REDO has exploded. While it was hovering around $700,000 daily, The transaction volume reached almost $20 million during the days of August 25 and 27.
For this reason, The TON network was not helped by the surge in REDOnow considered a rallying sign for those supporting Pavel Durov.
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Source: The Open Network on
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Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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