Bitcoin

<h4><strong>Telegram’s ambitious foray into the world of blockchain technology promised to redefine the way transactions are conducted. Aiming to overcome the scalability limitations that have hindered many other blockchain networks. </strong></h4> 
<p>Despite its grand vision, TON recently encountered a significant challenge. The network was expected to handle a staggering 100,000 TPS. So, now it found itself struggling to cope with an unexpected surge in transactions. As a result, the <a href="https://ton.org/" target="_blank" rel="noopener">TON blockchain</a> experienced a temporary disruption, leading to a momentary halt in its operations.</p> 
<h5><strong>The Current State of TON</strong></h5> 
<p>TON is currently operating at a significantly reduced transaction processing speed of 1 TPS. This is a considerable drop from the promised 100,000 TPS, and it has prompted discussions within the blockchain community about the scalability of TON.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">TON blockchain was taken down by a transaction peak.</p> 
 <p> Ton is currently doing 1 TPS, falling short of the 100k TPS "the most scalable blockchain ever." <a href="https://t.co/3uGno1u4Pj">pic.twitter.com/3uGno1u4Pj</a></p> 
 <p>— Mikko Ohtamaa (@moo9000) <a href="https://twitter.com/moo9000/status/1732751363249934640?ref_src=twsrc%5Etfw">December 7, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The abrupt slowdown in TON’s transaction processing speed raises questions about the factors contributing to this unexpected hurdle. While TON was designed with scalability in mind, the transaction surge might have exposed certain bottlenecks or limitations in the current infrastructure.</p> 
<p>In response to the recent issues, the developers of TON <a href="https://telegra.ph/7-Dec-2023-12-07" target="_blank" rel="noopener">detected</a> that this problem was caused by the launch of Bitcoin’s Ordinals type of inscription use case in the blockchain.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">TON Blockchain experienced an incredible spike in network activity caused by the launch of the BRC20 Bitcoin Ordinals type of inscription use-case. It resulted in slowdown of the network. <br>The teams are working on fixing the problem.</p> 
 <p>More details: <a href="https://t.co/fwb58fEAWH">https://t.co/fwb58fEAWH</a></p> 
 <p>— andrew.ton (@rogozov) <a href="https://twitter.com/rogozov/status/1732740317277733253?ref_src=twsrc%5Etfw">December 7, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Conclusion</strong></h5> 
<p>While TON may have experienced a temporary setback in its pursuit of becoming the most scalable blockchain. The incident is a testament to the challenges inherent in pushing the boundaries of technology.</p> 
<p>As developers work diligently to enhance TON’s scalability, the blockchain community watches closely, recognizing that overcoming obstacles is an integral part of the journey toward building the next generation of decentralized and scalable networks.</p> 
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<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ton-blockchain-slows-to-1-tps-whay-happened/">TON Blockchain Slows to 1 TPS, What Happened?</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

TON Blockchain Slows to 1 TPS, What Happened?

Altcoin Buzz

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