Key takeaways:
- Toncoin Blockchain Faces Second Major Outage Due to DOGS Token Minting Frenzy
- Developers quickly restored the network and urged validators to update nodes
The Toncoin (TON) blockchain, closely associated with the popular messaging platform Telegram, experienced its second major network disruption on August 28th, leaving users concerned about the reliability of the network.
The incident, which halted block production for over four hours, followed a similar outage just a day earlier, both attributed to the overwhelming demand for the DOGS token minting.
The disruptions began on Tuesday afternoon, U.S. time, as validators on the TON network lost consensus due to an influx of transactions that persisted longer than anticipated.
The situation was exacerbated by the airdrop of the DOGS token, which saw over six million users requesting tokens from a supply of 550 billion, putting immense strain on the network.
At 19:19 UTC on August 28th, block production issues resurfaced, once again linked to the heavy load caused by DOGS token minting. The TON Core team responded quickly, and the network was restored by 1:30 a.m. UTC on Thursday, allowing transactions to resume. However, the incident raised questions within the community about the network’s capacity to handle increasing demand.
In response to the latest outage, TON developers issued updates urging mainnet validators to update and restart their nodes. They acknowledged the challenges posed by the unexpected transaction load and reassured users that no cryptocurrency assets would be lost due to the disruptions.
The quick action taken by the development team was crucial in minimizing the impact, but the need for long-term solutions is evident as the network continues to grow.
The recent outages have sparked a debate within the cryptocurrency community about the scalability and reliability of the TON blockchain, especially as it gains popularity.
The network’s ability to handle high transaction volumes is now under scrutiny, and the developers are expected to take significant steps to prevent similar issues in the future.
These incidents come at a time of increased attention on Telegram, with the platform’s CEO, Pavel Durov, currently under investigation by French authorities for alleged complicity in various cybercrimes. The outcome of this investigation could have further implications for the Toncoin ecosystem.