Block

Toncoin

DOGS

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ton-network-resumes-block-production-after-seven-hour-outage/" data-wpel-link="internal">TON Network Resumes Block Production After Seven-Hour Outage</a><br></p>
<p style="text-align: justify">The Open Network (<strong>TON</strong>) network resumed block production after a seven-hour outage caused by the DOGS memecoin airdrop. The excessive transaction volume led to the network losing its consensus, and major exchanges temporarily halted transaction services. After the outage, TON requested validators to restart their nodes.</p> 
<h2 style="text-align: justify" id="ton-network-becomes-active-again-after-seven-hour-outage">TON Network Becomes Active Again After Seven-Hour Outage</h2> 
<p style="text-align: justify">The Open Network (TON) network resumed block production after a seven-hour outage that started around 01:10 AM today. According to Tonscan <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> monitoring the network, transactions halted, and the network’s operation was completely disrupted during this outage. The primary cause of the outage was the DOGS memecoin airdrop. The DOGS airdrop overloaded the network and caused database cleanup issues for several validators. Consequently, the excessive load led to the network losing its consensus.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-383796 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/ton-blockchain.png" alt="" width="528" height="416"></p> 
<p style="text-align: justify">Justin, who claims to be a strategic advisor to TON Society, stated that the DOGS memecoin airdrop was at the core of this crisis. The excessive transaction volume brought by the DOGS airdrop overwhelmed the network, resulting in a loss of consensus.</p> 
<h2 style="text-align: justify" id="urgent-call-to-validators">Urgent Call to Validators</h2> 
<p style="text-align: justify">To restart the TON network, validators were asked to restart their nodes. During this process, major <a href="https://en.coin-turk.com/htx-crypto-exchange-applies-for-vatp-license/" data-wpel-link="internal">cryptocurrency exchanges</a> like <strong>Binance</strong> and <strong>Bybit</strong> temporarily halted deposit and withdrawal transactions related to the network.</p> 
<p style="text-align: justify">The incident also caused a significant drop in <strong>Toncoin</strong> prices. After the Telegram CEO’s detention, Toncoin lost 18% of its value over the weekend, dropping to $5.11 during the outage and currently trading at $5.34. According to CoinMarketCap data, Toncoin has lost 20% of its value in the past week.</p> 
<p style="text-align: justify">The TON network experienced a major outage due to the excessive transaction volume triggered by the DOGS memecoin airdrop, negatively impacting both the network’s operation and Toncoin prices. While the network became active again with the intervention of validators, the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> was significantly affected by this situation.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ton-network-resumes-block-production-after-seven-hour-outage/" data-wpel-link="internal">TON Network Resumes Block Production After Seven-Hour Outage</a></h5>
<p>The post <a href="https://en.coin-turk.com/ton-network-resumes-block-production-after-seven-hour-outage/" data-wpel-link="internal">TON Network Resumes Block Production After Seven-Hour Outage</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

TON Network Resumes Block Production After Seven-Hour Outage

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