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Home Cryptocurrency

Telegram-Linked Toncoin Comes Again On-line Following Main Six-Hour Outage ⋆ ZyCrypto

thecryptogoblin by thecryptogoblin
August 29, 2024
in Cryptocurrency
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Telegram-Linked Toncoin Comes Again On-line Following Main Six-Hour Outage ⋆ ZyCrypto
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Toncoin Coming For XRP, Dogecoin Spots After Knocking Cardano Out Of Top 10

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The Open Community (TON) blockchain is again on-line after present process issues that prompted its community to halt producing new blocks for almost six hours.

“TON is now producing blocks usually! We’re again on-line,” the TON Basis introduced on its X account right now.

Knowledge from the blockchain explorer Tonscan exhibits that the TON blockchain has resumed producing new blocks. As of press time, the final transactions on TON have been accepted six seconds in the past in block 45350261.

A blockchain stopping block manufacturing for an prolonged time period is worrying because it disrupts community stability, doubtlessly resulting in safety dangers and transaction delays. These outages are unusual with blockchains however usually happen throughout instances of excessive community exercise.

TON Outage Adopted DOGS Memecoin Airdrop

The most recent replace from the TON crew got here roughly two hours after they confirmed “a disruption in block manufacturing to its community,” including  within the X publish that the problem had occurred “as a result of irregular load.”

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“A number of validators are unable to wash the database of outdated transactions, which has led to dropping the consensus,” they stated.

The TON-based neighborhood platform Tonk Inu pinned the blame on a frenzy of market hype over a latest airdrop of the DOGS memecoin. DOGS went stay on Aug. 27 and is now already listed on main crypto exchanges, together with Binance and OKX. 

The token is a part of the Ton Basis’s option to elevate consciousness of what it considers to be the unfair arrest of Telegram co-founder and CEO Pavel Durov. DOGS has loved a $1.7 billion in buying and selling quantity solely 10 hours after its launch and hit a market cap of almost $900 million.

Specialists famous that the TON community struggled to satisfy demand after the launch of DOGS, with its transactions per second (TPS) falling wanting what was anticipated.

In efforts to carry the community again on-line, TON’s growth crew, Ton Core, urged validators to restart their nodes and software program with specified flags to reestablish consensus. The blockchain freeze had pressured Binance and Bybit to pause deposits and withdrawals briefly.

It’s price mentioning that Solana was additionally struck by a serious outage in February after the community failed to supply new blocks for about 5 hours, triggering a pointy drop in SOL’s worth — although it rebounded.

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