Toncoin blockchain rolling again after six-hour halt
Toncoin (TON) has resumed normal activity after halting block production for nearly six hours because of a surge in traffic.
The TON network announced Aug. 28 on its X account that it had stopped block production, citing higher-than-normal traffic as the cause. “The issue is occurring due to the abnormal load currently on TON,” the network wrote. “Several validators are unable to clean the database of old transactions, which has led to losing the consensus.”
Quick response
The TON Core called upon validators to restart later on Wednesday to restart block production. A recent airdrop of the DOGS memecoin might be the cause of TON’s network-wide crash.
TradingStrategy.io co-founder Mikko Ohtamaa wrote in an X post that the TON blockchain had failed a stress test as the airdrop resulted in a network crash. He further pointed to the actual network throughput being significantly lower than what was promised.
“Only max of 280 TPS (transactions per second) reached” Ohtamaa wrote. “This is far less than earlier claimed theoretical 55,000 TPS.”
Due to network instability, cryptocurrency exchange ByBit has suspended all deposits and withdrawals of assets located on the TON blockchain. Some of the newer blockchains such as TON or Solana (SOL) have seen significant downtown compared to the age of the network. Bitcoin (BTC), by comparison, boasts an uptime of 99.99% since its 2010 launch.
According to BitcoinUptime.com, Bitcoin has seen only two downtime events since its launch. One was shortly after launch in 2010, when the network went down for more than eight hours because of a value overflow incident that created a large amount of BTC out of thin air.
The second outage happened in 2013, when Bitcoin was down for more than six hours because of a faulty update dividing the network into two forks. That bug led to a 23% drop in Bitcoin’s price at the time.
The post Toncoin blockchain rolling again after six-hour halt appeared first on ReadWrite.