The TON (Telegram Open Network) blockchain has recently experienced a significant outage, stopping block production for more than seven hours. This incident, which took place in the heat of the launch of DOGS memecoin, raises questions about the robustness of the TON infrastructure and its implications for the future. As the network resumes operations, the impact of this disruption on investor confidence and project perception remains to be assessed.
The Causes of the Breakdown
The TON blockchain failure was attributed to an abnormal network overload, caused by a massive influx of transactions related to the airdrop of the memecoin DOGS. This launch generated considerable interest, resulting in up to 150,000 transactions per minute, which quickly exceeded the network’s processing capacity. Validators encountered difficulties in maintaining consensus, which led to the complete cessation of block production. This event highlights the technical challenges faced by emerging blockchains, especially when they are subjected to unforeseen workloads.
The Impact on Investor Confidence
The incident has generated mixed reactions within the crypto community. Although the TON blockchain has resumed operations, investor confidence is being tested. Network outages can lead to increased price volatility and hesitation among new investors, who may fear for the reliability of the platform. The price of Toncoin, TON’s native token, has already shown signs of weakness, with a drop of almost 18% in the week following the outage. Moreover, the recent arrest of Pavel Durov, co-founder of Telegram and TON, adds another layer of uncertainty.
