Key Takeaways
TON blockchain skilled a halt in transactions resulting from an overload brought on by the DOGS memecoin airdrop.
Validators are urged to restart nodes to reestablish consensus on the TON community.
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The Open Community (TON) is again on-line after a six-hour outage that started at round 10:11 p.m. UTC on Tuesday, TON stated in a put up on X.
TON is now producing blocks usually!
We’re again on-line. https://t.co/iXM6kF464T pic.twitter.com/FQ6eOt9fok
— TON 💎 (@ton_blockchain) August 28, 2024
Based on knowledge from Tonscan, the TON blockchain skilled an outage, halting transaction processing for six hours. The outage was brought on by an irregular load on the community, resulting in database cleansing points for a number of validators. Consequently, the community misplaced consensus, and block manufacturing ceased.
In efforts to restart the community, TON known as on validators to restart their nodes with particular flags to reestablish consensus. The disruption led Binance and Bybit to quickly droop deposits and withdrawals linked to the community.
Based on Justin, who claims to be a strategic advisor to the TON Society, the outage was primarily attributed to the DOGS memecoin airdrop. The DOGS frenzy overwhelmed the community with extreme transaction quantity, resulting in consensus loss, he defined.
The community’s native token, Toncoin, which noticed round 18% drop over the weekend following the arrest of Telegram’s CEO, prolonged its correction after the outage. The value of Toncoin hit a low of $5.11 in the course of the incident and is at the moment buying and selling at $5.34, down 20% over the previous week, CoinMarketCap’s knowledge reveals.
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