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

The Open Community (TON) — the Telegram-linked blockchain community — skilled a technical subject 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 in the course of 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 couple of hours, earlier than it resumed block manufacturing.

TON Community Downtime: What Precipitated the Outage

The TON blockchain stopped processing transactions for a notable time interval on Wednesday. A number of 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 operating once more.

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

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

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

To resolve the scenario 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’s at the moment unclear whether or not the TON blockchain-related providers are restored on these exchanges.

In the meantime, the TON blockchain was restored a couple 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.

Whereas 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 nevertheless it reportedly launched on a wider scale in 2022.