Summary:
- Second Outage: The TON blockchain experienced its second significant outage in 24 hours, halting block production for over three hours.
- Cause: The disruptions were caused by an overload due to the minting of the DOGS token, which created a heavy load on the network.
- Response: The TON Core team issued an update for mainnet validators to restart their nodes in an effort to restore normal operations.
- Recovery: The TON blockchain resumed operations, with withdrawals and deposits via Wallet expected to be processed soon.
- Price Impact: Despite the disruptions, Toncoin (TON) prices remained relatively stable, with a minor dip of 0.99% over four hours and a 4% decrease over 24 hours.
The TON blockchain network, the backbone of the Toncoin (TON) cryptocurrency, faced a significant challenge this week as it experienced two major outages within 24 hours. The most recent disruption, which lasted over four hours, was attributed to an excessive load caused by the minting of the DOGS token. This overload halted block production and left the network unable to process transactions, sparking concerns about the blockchain’s capacity to handle high traffic volumes.
The disruption began at 19:19 UTC and prompted immediate action from the TON Core team, who released an update urging mainnet validators to restart their nodes. Despite these efforts, the network struggled to regain normal operations, leading to a second outage in just one day.
Early Thursday morning, Hong Kong time, the TON Community announced via its Telegram channel that the network had resumed operations. The announcement reassured users that TON-based asset withdrawals and deposits via Wallet would soon be processed as the network stabilized.
Interestingly, despite these technical difficulties, the price of Toncoin (TON) showed resilience, experiencing only a minor dip of 0.99% over four hours and a 4% decrease over 24 hours, according to CoinDesk. This stability in Toncoin’s price suggests that the market remains confident in the long-term viability of the TON blockchain, even in the face of temporary disruptions.
As the TON blockchain continues to address these issues, the focus will likely remain on improving the network’s capacity to handle high volumes of transactions, especially during periods of heightened activity such as token minting events.
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