The “most scalable blockchain” has experienced a surge in activity, causing delays in payments on the network.
The Transactions Per Second (TPS) speed of The Open Network (TON) fell as the blockchain stalled as usage increased due to the TON20 transaction surge that began on December 5. TON20 is an inscription standard inspired by the Bitcoin Ordinals protocol. Tonano Team.
According to the developers, TON cannot handle the load due to suboptimal hardware used by some major network validators. According to dTON.io data, TON’s TPS plummeted from 100,000 to less than 1.
These validators rented hardware for low loads without preparing for increased load. This hasn’t been an issue since the network has had low load over the past few months. As the load increased by 50-100x in 30 minutes, these validators started slowing down the entire network.
tone foundation
TON developers said a decentralized penalty system will be implemented to reduce network participants performing poor work. There are also plans to improve the system with stricter penalties, but the developers urged community members to be patient to avoid affecting innocent validators.
Meanwhile, patches have been released to speed up transactions and all validators have been advised to upgrade their hardware to suit blockchain requirements.
When crypto.news reported the initial update on the outage, TON’s native token was down 5%. According to Coingecko, the TON token recovered some of its losses and traded up 0.6%.
TON was declared the world’s fastest blockchain by CertiK, ahead of competitors like Solana, after achieving a record TPS rate of 104,715.