2024

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DOGS

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<ul class="wp-block-list news-points"> 
 <li>DOGS token causes disruptions on the TON blockchain, leading to transaction outages.</li> 
 <li>DOGS transactions spiked, making up 35% of all TON transactions during peak network activity.</li> 
 <li>DOGS token price dropped 14.83%, reflecting bearish market trends amid network disruptions.</li> 
</ul> 
<a href="https://coinedition.com/dogs-token-launch-delayed-again-now-set-for-august-26th/">The DOGS token</a>, a new memecoin inspired by Telegram founder Pavel Durov’s pet dog, Spotty, has experienced volatility due to recent network disruptions on the TON blockchain. These disruptions, triggered by the DOGS airdrop, caused a block production outage, impacting transaction processing on the network. 
Data from CryptoQuant reveals that DOGS transactions made up a significant portion of all transactions in some blocks, with an average of 100 transactions processed per block within seconds from August 28 to August 31. 
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 <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DOGS</a> on the <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$TON</a> Network “During this period, an average of 100 transactions were processed per block (within seconds), with DOGS transactions making up to 35% of all transactions in some blocks.” – By <a href="https://twitter.com/JA_Maartun?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@JA_Maartun</a> Read more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/BR3CMHOQP1" target="_blank" rel="nofollow">https://t.co/BR3CMHOQP1</a> <a href="https://t.co/omSminAOQB" target="_blank" rel="nofollow">pic.twitter.com/omSminAOQB</a>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1830350845151506570?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 1, 2024</a>
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However, the network struggled to ke…
The post <a href="https://coinedition.com/ton-blockchain-suffers-outages-as-dogs-transactions-surge/">TON Blockchain Suffers Outages as DOGS Transactions Surge</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

TON Blockchain Suffers Outages as DOGS Transactions Surge

Coin Edition

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