• 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

Bitcoin Signals a Potential Catch-Up Rally

chest

Technical and liquidity comparisons suggest Bitcoin may be lagging behind other assets like gold and silver. With historical patterns indicating a strong post-consolidation move, Bitcoin appears positioned for a potential catch-up rally if macro conditions continue to improve.

user avatarMaya Lundqvist

BTCC Plans Expansion Beyond Gold in Tokenized Commodities

chest

BTCC is planning to expand its offerings to include additional commodities and traditional finance-linked products to capture growing demand for tokenized exposure.

user avatarAyman Ben Youssef

Decentralized Identifiers Provide Control Over Digital Identity

chest

Decentralized Identifiers (DID) allow users to manage their identity independently of centralized services.

user avatarMiguel Rodriguez

Proof Pods Enhance Blockchain Efficiency with Offchain Processing

chest

Proof Pods enhance blockchain efficiency by utilizing offchain processing to manage complex verification tasks, ensuring fast transaction speeds and preventing network congestion.

user avatarLeo van der Veen

Tobi Rasaq on Strategic Career Growth for Women

chest

Tobi Rasaq emphasizes the importance of strategic career growth for women, encouraging them to communicate their value and approach their careers intentionally to achieve success.

user avatarMaria Fernandez

Chijioke Amaeshi on Upskilling and Internship Opportunities

chest

Chijioke Amaeshi, a Global Talent Manager, advises job seekers to focus on upskilling and exploring internship opportunities to build successful careers.

user avatarElias Mukuru

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.