Open network( ton
+5.66%
), has now been re-launched online, but the blockchain has suffered an outage for the second time in two days as transaction volumes generated by the DOGS memecoin continue to surge.
“The block production issue started at 19:19 UTC.” TON Wrote From the X post: “This confusion appears to be due to an overload caused by DOGS token mining.”
TON Developers After Suspension Requested Mainnet validators will need to update and restart their nodes to resolve the issue. At 1:30 AM UTC, the TON community channel on Telegram announced that the network issue had been resolved.
The TON blockchain experienced an outage lasting more than six hours on Tuesday, believed to be due to “unusual” transaction volume on the network caused by the recent airdrop event of the DOGS memecoin.
X user “maverickqe,” who claims to be a strategic advisor to the TON Society, said that during the first outage, validators lost consensus due to prolonged network overload.
The Telegram-based mimecoin DOGS has gained significant attention in the crypto community as developers outlined plans to expand the utility of the token within the Telegram ecosystem. DOGS announced on Monday that 81.5% of the 550 billion tokens’ fixed supply will be distributed to community members as it began its airdrop event. DOGS said last week that 6 million verified users had requested the airdrop.
Meanwhile, Telegram founder and CEO Pavel Durov has been indicted He was arrested by a French court on Wednesday. He was released by French police earlier that day. Durov was initially arrested as part of an investigation into allegations that Telegram provided encryption tools and services that facilitated money laundering, child pornography, and drug trafficking.
Meanwhile, the network’s native token, Toncoin, rose 4.64% over the last 24 hours to trade at $5.59. Toncoin price page on The Block.
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