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Cryptocurrency News Articles

The TON Network’s Breaking Point: The DOGS Airdrop

Sep 04, 2024 at 01:00 am

DOGS became the latest meme coin to the crypto world by storm. Inspired by Spotty, the pet dog of Telegram founder Pavel Durov, DOGS has rapidly gained attention in the memecoin space.

The TON Network’s Breaking Point: The DOGS Airdrop

A new meme coin named DOGS has taken the crypto world by storm, inspired by Spotty, the pet dog of Telegram founder Pavel Durov. This token has quickly gained attention in the memecoin community. But a recent airdrop of the meme coin has caused major disruptions on the TON Network.

According to a report by CryptoQuant, a surge in DOGS transactions led to a block production outage on the TON Network, impacting the network's operations significantly.

"Several validators are unable to clean the database of old transactions, leading to a loss of consensus," stated TON in a recent announcement regarding the disruptions. "This disruption occurred twice within three days, first on August 28 for about six hours and then again on August 30 for about one hour."

In between these outages, on August 29, the network experienced a spike in activity with a heavy load of transactions. During this period, an average of 100 transactions were processed per block within seconds, with DOGS transactions accounting for up to 35% of all transactions in some blocks.

This high concentration of activity highlights the immense interest in the token but also reveals the strain it places on the network's infrastructure.

As the meme coin continues to capture the attention of traders and community members, its impact on the network's stability and the challenges that come with the rapid adoption of new tokens, especially in the volatile memecoin market, cannot be overlooked.

Original source:tronweekly

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