TON Suffers Second Outage in Two Days, Now Back Online

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As an analyst with over two decades of experience in the cryptocurrency market, I’ve seen my fair share of network outages and technical difficulties. However, the recent string of disruptions experienced by The Open Network (TON) is particularly concerning given its ambitions to scale and become a serious contender in the blockchain space.

On Wednesday, August 28, The Open Network (TON) faced its second interruption within two days, with this recent issue persisting for multiple hours. This incident renewed concerns about the network’s ability to handle high volumes of transactions without experiencing instability.

Issues arose at 7:19 PM UTC as TON‘s block creation stopped, primarily due to an increase in transactions linked to the memecoin DOGS. This situation was reported by TON on X. Upon investigation, TON’s development team found that the network strain stemmed from the minting of DOGS tokens. Interestingly, this issue had also led to a six-hour halt on Tuesday.

To address the continuous disruptions, TON‘s core group recommended that mainnet validators should upgrade and reboot their nodes to get regular functioning back on track.

🔔 Urgent Attention – Mainnet Validators!— TON Status (@ToncoinStatus) August 28, 2024

TON Recovers but Faces Scrutiny

By 1:30 a.m. UTC on Thursday, as per updates from the Telegram TON Community channel, the network was successfully restored. This swift recovery enabled the resumption of transactions. However, the restoration didn’t go unnoticed or unexamined by the vigilant community.

On Tuesday earlier in the day, a substantial outage had already led to significant disruptions. The validators lost agreement due to an unusually high volume of transactions that lasted longer than anticipated. This issue was exacerbated by DOGS’ recent airdrop, which dispersed 81.5% of its total token supply of 550 billion to enthusiastic community members. Over six million users asked for tokens, putting extra stress on the network.

The DOGS memecoin has gained considerable attention in the crypto world, especially due to its planned integration within the Telegram platform. However, this popularity has tested TON’s infrastructure to its breaking point.

During this time of technical issues, Pavel Durov, the founder and CEO of Telegram, encountered legal troubles in France. On a Wednesday, a French court accused Durov following his release from police custody earlier that day. His arrest was connected to an investigation about allegations that Telegram’s encryption tools were used for illicit activities such as money laundering and drug trafficking.

Toncoin Resilient Amid Network Struggles

In spite of some network difficulties, Toncoin – the token from TON blockchain – showed robustness. Over the last 24 hours, Toncoin’s value increased by 3.40%, with a trading price of $5.53 at the moment. This strength provided a measure of confidence to investors, even though the network’s capacity for managing large transaction volumes was under review.

Source: CoinMarketCap

Lately, the occurrence of outages underscores the persistent hurdles that TON encounters as it grows. The surge in users and interest brought about by DOGS memecoin has also revealed the necessity for a more robust system infrastructure. As TON keeps on expanding, addressing these technical concerns will be vital to preserving user confidence and securing the network’s future prosperity.

Responding to this issue, the TON group has pledged to enhance network resilience to prevent future disruptions. The blockchain fraternity will keenly observe how TON tackles the increasing strain on its infrastructure. Though the network is functional now, the road ahead looks tough.

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2024-08-29 11:25