TON Halts Transaction Validation, Fails to Produce New Blocks for Over 3 Hours

The Open Network (TON) has halted transaction validation and hasn't produced any new blocks for more than three hours.

The Open Network (TON) encountered a technical difficulty on August 28, which halted transaction validation and prevented the creation of new blocks for over three hours.

According to the Tonscan tracker, the last approved transactions on TON occurred in block 45341899, which was over three hours prior at 2:18 AM UTC. During this time, the network failed to generate any new blocks.

The network instability prompted crypto exchange Bybit to temporarily suspend deposits and withdrawals for TON until the network stabilises.

Justin, a member of the TON Foundation, attributed the outage to a “network overload” resulting from a surge in transactions related to the newly launched memecoin, Dogs (DOGS).

The high volume of DOGS transactions overwhelmed validators and disrupted consensus, causing the network to stall, Justin explained.

“To restore consensus validators will be called upon to restart at 4:00 UTC,” Justin added.

The launch of DOGS on August 27 was met with immediate enthusiasm. Within the first 10 hours, the token generated $1.7 billion in trading volume and reached a peak market cap of $891 million, data from CoinMarketCap showed.

Initially, the price of DOGS surged to $0.0018 but later settled around $0.0013.

The introduction of DOGS also coincided with TON Society’s recent rebranding effort, which began on August 26 and was intended to support Telegram creator Pavel Durov following his arrest in France.

“We are updating Toncoin’s logo and profile pictures across TON Community channels to the global symbol of Digital Resistance — the Resistance Dog,” TON Society stated.

In 2011, Durov became a symbol of digital resistance when he refused to hand over user data to Russian authorities, leading to his dismissal from the VK social media platform.

Following Durov’s arrest, TON Society launched an “Open Letter Mini App” within Telegram, urging French authorities to release Durov and uphold the principles of free speech and privacy. The petition had gathered 1.48 million signatures at the last count.

Meanwhile, Toncoin (TON) has seen a 24% decrease in value since Durov’s arrest on August 24. At the time of writing, TON was trading at $5.22, down 1.7% for the day.

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