The Open Network (TON) blockchain is back in action after a brief but significant disruption that halted block production for several hours.
The Open Network (TON) blockchain is back in action after a brief but significant disruption that halted block production for several hours. The TON Foundation announced the network's return to normal operations on August 28 at 5:30 am UTC.
The interruption in block production was attributed to an unusual surge in network activity following the airdrop of DOGS, a new meme coin designed to capture the essence of the Telegram community. This unexpected congestion pushed the network to its limits, causing several validators to struggle with clearing old transaction data and ultimately leading to a loss of consensus.
DOGS, launched in July 2024, has quickly become a sensation within the crypto community. Inspired by Spotty, a mascot promoted by Telegram's founder Pavel Durov, the token has garnered immense popularity. The Dogs Community Telegram channel has amassed an impressive 17 million subscribers in less than two months, while its X (formerly Twitter) account boasts 3.9 million followers.
The token's official listing on major exchanges like Binance, Bybit, and OKX coincided with reports of Durov's arrest in Paris, further fueling interest in the project. As users rushed to claim their airdropped DOGS tokens, the TON blockchain experienced unprecedented levels of activity.
A spokesperson from Wallet in Telegram revealed that four million users claimed their DOGS tokens through the wallet app. This claim process generated a staggering peak of over 67,000 transactions per second, far surpassing previous records set during other token generation events.
The TON Foundation acted swiftly to address the network issues, issuing a call to validators to restart at 4:00 am UTC to reestablish consensus. They assured users that all transactions would be processed and no cryptocurrency assets would be lost due to the disruption.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
