• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
A huge number of unconfirmed transactions are stuck in the TON network

A huge number of unconfirmed transactions are stuck in the TON network

user avatar

by Alexandra Smirnova

2 years ago


The The Open Network (TON) faced a significant reduction in bandwidth, leading to a backlog of approximately 2.5 million unconfirmed transactions. This phenomenon was the result of a sharp increase in activity associated with the implementation of a service similar to the Ordinals protocol.

Main Causes of the Problems

The problems began on December 5, when the transaction processing speed in the TON network dropped to one transaction per second. This occurred after the launch of the new Tonano service, using BRC-20 standard tokens, derivatives of the Ordinals protocol. Due to the unexpected increase in load caused by this service, validator nodes, operating on insufficiently powerful equipment, could not cope with the increased load, leading to the need to reboot the network. As a result of this situation, a number of cryptocurrency wallets, including TON Wallet and Tonkeeper, temporarily ceased operation.

Impact on Other Networks

The bandwidth issue was not limited to the TON network alone. BRC-20 tokens used in the Tonano service also caused an overload in the Bitcoin network, increasing the number of unspent transactions (UTXO) from 87 million to 140 million. This led to an increase in the average cost of transactions to $14-$16, highlighting the interconnection and dependence of different blockchains on each other.

Conclusion

The situation in the TON network and its impact on other cryptocurrency networks underscores the importance of blockchain infrastructure reliability and the need to be prepared for a sharp increase in load. TON developers are actively working to solve the problem to ensure the stability and safety of the network for users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Gemini's Stock Recovers After Executive Changes and Layoffs

chest

Gemini's stock has rebounded after a significant drop following the announcement of executive departures and layoffs.

user avatarTenzin Dorje

Ethereum Remains a Top Investment Choice Despite Recent Performance

chest

Ethereum remains a top investment choice despite its recent performance.

user avatarAisha Farooq

Winklevoss Twins Move $130 Million in Bitcoin to Gemini Hot Wallets

chest

The Winklevoss twins transferred approximately $130 million in Bitcoin to Gemini hot wallets, indicating potential sellside positioning.

user avatarBayarjavkhlan Ganbaatar

Security Concerns Resolved for FLOW Trading

chest

Security concerns resolved for FLOW trading after major exchanges reviewed the incident and restored trading.

user avatarElias Mukuru

Flow Foundation Seeks Court Intervention Against FLOW Delisting

chest

Flow Foundation has filed a motion with the Seoul Central District Court to suspend the planned termination of FLOW trading on major South Korean exchanges.

user avatarMohamed Farouk

Crypto Fundraising Faces Drought Amid Declining New Funds

chest

The crypto fundraising landscape is facing a drought in new venture capital funds, raising concerns about future investments in the sector.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.