TON resumes operations after traffic surge from $550M DOGS airdrop disrupts network
TON resumes operations after web page online visitors surge from $550M DOGS airdrop disrupts community TON resumes operations after web page online visitors surge from $550M DOGS airdrop disrupts community
Some community individuals had linked the outage to basically the most in vogue arrest of Telegram's CEO Pavel Durov.
Duvet art/illustration by blueprint of CryptoSlate. Image entails combined dispute material that would encompass AI-generated dispute material.
The Originate Community (TON), the blockchain community linked to Telegram, has resumed operations following a critical outage that lasted almost six hours due to a spike in community web page online visitors.
In an Aug. 28 submit on X, TON confirmed it used to be aid online and producing blocks as frequent.
What resulted in the outage?
Some community individuals speculated that the outage could per chance well possibly be linked to Telegram CEO Pavel Durov‘s most in vogue arrest in France.
On Aug. 21, Durov used to be arrested in Paris and used to be charged with facilitating illegal transactions, refusing to cooperate with law enforcement, and allowing varied unlawful actions to happen on the social messaging application.
However, the pinnacle of TON Ventures, Ian Wittkopp, clarified that the outage used to be resulted in by the excessive quantity of transactions from airdropping over $550 million in rate to the community thru the DOGS memecoin token issuance. He added that this would per chance well win been TON’s highest day of active users.
DOGS is a memecoin associated with the Telegram community. The project, launched on Aug. 26, attracted critical consideration due to its real airdrop system. On Aug. 27, blockchain explorer Tonscan reported that the memecoin had generated sizable web page online visitors, which resulted in some “central services” to be speedy suspended.
TON corroborated this and explained that the community had seen irregular load state, which overwhelmed numerous validators and prevented them from clearing worn transactions. This resulted in a loss of consensus.
On Telegram, TON acknowledged:
“Attributable to excessive most in vogue state (>20m transactions in most in vogue 2 days), rubbish sequence overloaded a range of validators for passable time for them to misplaced consensus with every other.”
In blockchain networks, validators take a look at transactions within blocks. When block production stops, transactions fling unconfirmed, inflicting provider disruptions.
TON phases recovery
Whatever the loads of outage, the TON’s community token designate defied the broader market vogue, shedding a tender 1.3% sooner or later of the last 24 hours while other valuable cryptocurrencies bask in Bitcoin and Ethereum dropped by a median of 6% sooner or later of the identical duration.
In the period in-between, some crypto community individuals observed the outage as a explicit signal for TON, likening it to old outages on other critical blockchains bask in Solana and Avalanche. They argued that such disruptions on layer-1 networks incessantly signal excessive adoption.
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TON is a third-technology proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
Bitcoin, a decentralized foreign money that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries by blueprint of a sight-to-sight community.
Ethereum is a decentralized, start-source blockchain platform that allows the creation of orderly contracts and decentralized functions (DApps).
Solana is a excessive-efficiency blockchain platform that makes use of a special consensus algorithm called “Proof of History” to develop speedy transaction speeds and low costs.
Avalanche is an umbrella platform for launching decentralized finance (DeFi) functions, financial sources, trading and other services.
Pavel Durov is the CEO and founding father of Telegram, a messaging platform serious about privateness and security.
Source credit : cryptoslate.com
