The Open Network ( TON ) blockchain stopped validating new transactions and did not generate new blocks for more than six hours on Wednesday.
The team acknowledged the disruption in post X, attributing it to unusually high load affecting the network.
The group said:
“Some validators fail to clear the database of old transactions, leading to loss of consensus.”
The network has asked validators to reboot at 04:00 UTC on Wednesday to restore operations, provided enough validators participate.
TON Blockchain is currently experiencing a disruption in Block production.
The issue is occurring due to the abnormal load currently on TON. Several validators are unable to clean the database of old transactions, which has led to losing the Consensus.TON Core has issued a call…
— TON 💎 (@ton_blockchain) August 28, 2024
Meanwhile, TON-based community platform Tonk Inu posted on X that market excitement over the newly launched memecoin DOGS appears to have caused a spike in activity.
TON fell 2.4% on Wednesday to around $5.32.
According to the TON network tracker, the most recent transactions were confirmed more than six hours ago. They were recorded in block 45,341,899. After that, the network stopped creating new blocks.
Blockchain processes transactions in blocks. However, when new blocks stop being created, transactions become unconfirmed and unresolved.
As a result, all financial transactions or data that depend on the blockchain come to a halt, causing significant delays or disruptions in services that require rapid transaction processing.
Binance and Bybit Suspend TON Network Trading Due to Technical Issues
Two cryptocurrency exchanges have responded, suspending trading operations on the TON network. Bybit announced on Wednesday that it would suspend all deposits and withdrawals, citing “network instability.”
Additionally, on chain observers noted that Binance has also halted trading.
On August 26, Binance said its TON network upgrade was being delayed due to unexpected complications.
Block Production on TON Network Halts Amid Arrest of Telegram CEO
TON, originally developed by Telegram, is designed to integrate with Telegram's messaging service for enhanced functionality.
The halt in block production comes after French prosecutors recently arrested Telegram CEO Pavel Durov in Paris.
They are investigating crimes related to child pornography, drug trafficking and fraudulent transactions on the platform.
Although TON originated from Telegram, it currently operates independently. This separation suggests that network operational issues, such as block production halts, could be due to technical or network-related issues.
They do not appear to be directly related to Durov's arrest or Telegram's corporate affairs.
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