Telegram-Linked TON Blockchain Back Online After Hours-Long Outage: Here’s What Happened

The Open Network (TON) — the Telegram-linked blockchain community — skilled a technical difficulty within the early hours of Wednesday that noticed the community go offline, prompting exchanges like Bybit and Binance to halt deposits and withdrawals on the community through the time. It appeared that the blockchain was present process a network-wide outage earlier than its builders disclosed the rationale for the downtime and restored the community. The TON blockchain remained offline for a number of hours, earlier than it resumed block manufacturing.

TON Network Downtime: What Caused the Outage

The TON blockchain stopped processing transactions for a notable time interval on Wednesday. Several crypto and blockchain lovers shared screenshots displaying that the blockchain was not creating new blocks. The observers additionally famous that it took as much as six hours for the TON blockchain to be up and working once more.

The cause why this glitch occurred is the heightened buying and selling exercise across the newly launched memecoin – Dogs. The Dogs Coin is a part of a brand new sport on the Mini Apps market on Telegram, named Dogs. The sport lets Telegram customers play on the app and accumulate Dogs Coin. The ecosystem of the Dogs memecoin is supported on the Ton blockchain.

On August 26, the Dogs Coin was listed on Binance and different crypto exchanges – after which transactions round this memecoin shortly picked tempo. Users who collected Dogs Coin by taking part in its sport on Telegram rushed to the market to commerce and promote.

“Due to excessive current exercise (>20 million transactions in current two days), rubbish assortment overloaded a lot of validators for sufficient time for them to misplaced consensus with one another,” the update shared by the Ton blockchain claimed.

To resolve the state of affairs and restore consensus, the validators of this blockchain wanted to be restarted at about the identical time with particular flags.

As a precautionary measure, Binance and ByBit reportedly suspended deposits and withdrawals to and from the community. It is at the moment unclear whether or not the TON blockchain-related providers are restored on these exchanges.

Meanwhile, the TON blockchain was restored a number of hours in the past and is again on-line, whereas block manufacturing has resumed.

It was beforehand reported that TON’s native crypto token Toncoin misplaced about $2.7 billion (roughly Rs. 22,670 crore) in market worth following Telegram founder Pavel Durov’s detention in France.

While the TON basis is a separate entity from Telegram, it’s the brainchild of Durov and his brother, Nikolai Durov. The community was conceived by its co-founders round 2019 however it reportedly launched on a wider scale in 2022.