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DOGS

Tonk Inu

<p class="is-style-lead">Telegram-backed The Open Network came to a standstill on Aug. 28 as block production halted due to network overload caused by the hype around the new memecoin DOGS.</p>
<p>Data from TON Explorer <a href="https://tonscan.org/blocks" target="_blank" rel="noopener noreferrer nofollow">revealed</a> that no new blocks had been created for a close to seven-hour period, with block 39987437 being the last one mined before the outage. However, at the time of writing, block production had resumed.</p>
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   <p lang="en" dir="ltr">TON is now producing blocks normally!<br><br>We are back online. <a href="https://t.co/iXM6kF464T" target="_blank" rel="noopener noreferrer nofollow">https://t.co/iXM6kF464T</a> <a href="https://t.co/FQ6eOt9fok" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/FQ6eOt9fok</a></p>— TON 💎 (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1828666523998691503?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 28, 2024</a>
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<p>The TON-based memecoin platform Tonk Inu first flagged the incident, stating that the launch of <a href="https://crypto.news/dogs-get-listed-on-bitgets-poolx-platform-short-traders-expect-downfall/" target="_blank" rel="noopener noreferrer nofollow">DOGS</a> had resulted in high volumes of traffic, which likely led to the outage.&nbsp;</p>
<p>The official X account for the <a href="https://crypto.news/telegram-ad-revenue-ton-blockchain/" target="_blank" rel="noopener noreferrer nofollow">TON blockchain</a> acknowledged the issue, citing “abnormal load,” highlighting that roughly 20 million transactions had been executed on the network over the past 48 hours.&nbsp;</p>
<p>“Several validators are unable to clean the database of old transactions, which has led to losing the consensus.”</p>
<p>Due to the increased load, TON validator nodes reportedly lost consensus. TON Core, the network’s development team, had urged validators to restart their nodes at 4:00 AM UTC. This coordinated restart was aimed at resetting the validators’ processes, clearing the backlog of tasks, and returning them to synchronization.</p>
<p>You might also like: <a href="https://crypto.news/dogs-get-listed-on-bitgets-poolx-platform-short-traders-expect-downfall/" rel="noopener noreferrer nofollow"> DOGS get listed on Bitget’s PoolX platform, short traders expect downfall </a></p>
<p>Meanwhile, the <a href="https://crypto.news/tron-toncoin-daily-active-addresses-surge-amid-price-fall/" target="_blank" rel="noopener noreferrer nofollow">TON</a> team has assured the community that all assets will remain safe and pending transactions will be processed.</p>
<p>Prominent cryptocurrency exchanges like Binance, Bybit, and OKX suspended transactions to and from the TON blockchain following the outage.</p>
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   <p lang="en" dir="ltr">Due to ongoing technical difficulties on <a href="https://twitter.com/ton_blockchain?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ton_blockchain</a>, we have temporarily suspended <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TON</a> related deposits and withdrawals. Please note the possibility of heightened volatility and trade responsibly. Rest assured, your funds remain secure and unaffected. <a href="https://t.co/1CVSiebYGY" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1CVSiebYGY</a></p>— OKX (@okx) <a href="https://twitter.com/okx/status/1828634398117548165?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 28, 2024</a>
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<p>While it hasn’t been officially confirmed whether the hype around DOGS (<a href="https://crypto.news/price/dogs/" target="_blank" rel="noopener noreferrer nofollow">DOGS</a>) had led to the outage, TON community member Justin pinned the blame on the new memecoin.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/cburniske?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@cburniske</a> <br>+ Network overload dud to <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGS</a> txs overload<br>+ Garbage collection overloaded many of validators for enough time for them to lose consensus <br>+ To restore consensus validators will be called upon to restart at 4:00 UTC on/around same time with specific flags</p>— Justin (@maverickqe) <a href="https://twitter.com/maverickqe/status/1828632344497885678?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 28, 2024</a>
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<p>DOGS was launched on Aug. 26 and raked over $1.7 billion in trading volume within the first ten hours. Blockchain explorer Tonscan noted the following day that the memecoin had generated “quite a lot of traffic,” resulting in some “central services” being temporarily suspended at the time.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGS</a> launch on <a href="https://twitter.com/hashtag/TON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TON</a> is causing quite a lot of traffic -with a few central services taking a little break! <br><br>We're up though! Check out the big <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGS</a> holders here: <a href="https://t.co/xwLqNNd8aL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/xwLqNNd8aL</a></p>— Tonscan (@tonscancom) <a href="https://twitter.com/tonscancom/status/1828400755503407566?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 27, 2024</a>
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<p>As previously <a href="https://crypto.news/dogs-airdrop-disrupted-telegram-wallet-and-exchange-services/" target="_blank" rel="noopener noreferrer nofollow">reported</a> by crypto.news, the launch of DOGS had also disrupted the functioning of multiple crypto exchanges and caused an overload for the Telegram Wallet.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/dogs-airdrop-disrupted-telegram-wallet-and-exchange-services/" rel="noopener noreferrer nofollow"> DOGS airdrop disrupted Telegram Wallet and exchange services </a></p>

TON blockchain resumes operations following DOGS fuelled outage

crypto.news

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