Oct Logo
Search Icon
Oct Logo
Search Icon
Bitcoin iconETH
$0000
arrow icon0.61%
TON Blockchain Resumes After 7 hour Downtime

TON Blockchain Resumes After 7 hour Downtime

The downtime caused a ripple effect across major exchanges, including Binance, which suspended TON Blockchain related deposits and withdrawals

Image of Chirag SharmaChirag SharmaNews

Aug 28, 2024

Written By Chirag Sharma

Author: Chirag Sharma

Written On: Wed, 28 Aug 2024 08:44:47 GMT

In a significant event for the blockchain community, The Open Network (TON) blockchain temporarily halted operations this morning, resuming after over seven hours of downtime. The network, known for its speed and scalability, experienced a critical disruption due to an unprecedented network overload linked to the distribution of DOGS tokens.

Impact on Exchanges and Recovery Efforts

The downtime, beginning around 06:11:46 UTC+8, caused a ripple effect across major exchanges, including Binance, which suspended TON-related deposits and withdrawals. This highlighted the dependency of traditional financial services on blockchain stability.

  • Issue: Network overload due to DOGS token distribution
  • Effect: Halted block production and suspended exchange operations

The TON core team quickly intervened, issuing a directive for validators to restart their nodes at approximately 4 AM UTC. The network’s block production resumed within 30 minutes, confirmed by various sources on X, restoring normal operations.

Community Response and Lessons Learned

The incident has sparked mixed reactions within the TON community. Some expressed concerns over the blockchain’s reliability, especially given recent legal challenges faced by its founders. However, others praised the rapid response and recovery, viewing it as proof of TON’s robust architecture and the proactive involvement of its developer community.

Moving Forward: Enhancing Stability

As TON continues to integrate with platforms like Telegram, potentially bringing millions into Web3, this event serves as a crucial lesson in blockchain development. It tests the limits of TON’s infrastructure and its governance in crisis management. The focus moving forward will likely be on improving network stability to prevent future disruptions, ensuring TON can achieve its goal of becoming a foundational layer for decentralized applications and services.

Trusted

Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.

In this article

Impact on Exchanges and Recovery Efforts

Community Response and Lessons Learned

Moving Forward: Enhancing Stability

Hero Image
Share with your community!
FacebookXLinkedIn
Fetching related reads...
Hero Image
Share with your community!
FacebookXLinkedIn
Fetching related reads...

Fetching related reads