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DOGS

Tonk Inu

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.
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.
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 TON is now producing blocks normally! 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>— 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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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;
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;
“Several validators are unable to clean the database of old transactions, which has led to losing the consensus.”
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.
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>
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.
Prominent cryptocurrency exchanges like Binance, Bybit, and OKX suspended transactions to and from the TON blockchain following the outage.
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 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">$TON</a> related deposits and withdrawals. Please note the possibility of heightened volatility and trade responsibly. Rest assured, your funds remain secure and unaffected. <a href="https://t.co/1CVSiebYGY" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1CVSiebYGY</a>— OKX (@okx) <a href="https://twitter.com/okx/status/1828634398117548165?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 28, 2024</a>
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While it hasn’t been officially confirmed whether the hype around DOGS (<a href="https://crypto.news/price/dogs/" target="_blank" rel="noopener noreferrer nofollow">DOGS</a>) had led to the outage, TON community member Justin pinned the blame on the new memecoin.
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 <a href="https://twitter.com/cburniske?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@cburniske</a> + Network overload dud to <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGS</a> txs overload + Garbage collection overloaded many of validators for enough time for them to lose consensus + To restore consensus validators will be called upon to restart at 4:00 UTC on/around same time with specific flags— 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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DOGS was launched on Aug. 26 and raked over $1.7 billion in trading volume within the first ten hours. Blockchain explorer Tonscan noted the following day that the memecoin had generated “quite a lot of traffic,” resulting in some “central services” being temporarily suspended at the time.
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 <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$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! 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>— 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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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;
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>

TON blockchain resumes operations following DOGS fuelled outage

crypto.news

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