The TON blockchain has encountered a significant issue, failing to produce blocks for over four hour, Such crashes are uncommon in blockchain and may occur during peak periods of network activity.
This disruption has raised concerns about network stability, security risks, and transaction delays, all of which are critical issues for a functioning blockchain.
Ton blockchain situation source：tonscan
The problem appears to be linked to the recent airdrop of DOGS, a memecoin that surged in popularity and overwhelmed the network with transactions.
Observers have noted that the network's transactions per second (TPS) fell short of expectations during this period of high activity. Such incidents, while uncommon, do occur, particularly when a blockchain experiences a sudden spike in demand.
Telegram Wallet previously stated that the release of DOGS caused multiple cryptocurrency exchanges and some Wallet functions to be unable to operate, and the Wallet’s exchange function is currently unavailable.
It is worth noting that the recent arrest of Telegram CEO Pavel Durov in France also affected the price of TON. Although Telegram and TON are separate entities, they are often associated with each other, and developments involving one may affect the other.
This isn't the first time a blockchain has struggled under heavy load. In February, Solana faced a similar issue, failing to produce new blocks for over five hours. That incident led to significant sell pressure on Solana's native token, SOL, and TON may now be experiencing a similar challenge.
At present, the price of Toncoin has not been affected by this incident.
Toncoin price source：coinmarket
Penurunan pengembang pendatang baru dapat dikaitkan dengan lebih sedikitnya individu baru yang terjun ke dunia kripto, yang kemungkinan besar merupakan respons terhadap kondisi pasar bearish yang saat ini sedang melanda pasar kripto.
DavinDidirikan pada tahun 2023, TON Foundation adalah organisasi nirlaba yang berbasis di Swiss, yang didanai sepenuhnya oleh masyarakat.
BrianBerlangsung dari tanggal 30 Agustus hingga 1 September, TON Seoul Bootcamp akan bermitra dengan universitas Blockchain at Yonsei, Blockchain valley, EWHA-CHAIN, HIBL, GAIROS untuk memberikan jadwal yang padat dan memanfaatkan waktu para peserta sebaik-baiknya.
SamanthaQuidax has made history as the first Nigerian crypto exchange to receive a provisional operating license from the Nigerian SEC, marking a major step toward formal regulatory oversight for the country's digital asset industry. Despite this progress, challenges remain with stringent regulatory requirements and ongoing tensions between the government and the crypto sector.
AnaisQuidax secures Nigeria’s first provisional license for crypto exchange operations, signalling a significant step forward amidst increasing regulatory challenges in the Nigerian crypto market.
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